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June 15, 2022

Stop calling everything a Ponzi | Project: End of Sartoshi

22 minutes

Theme: Stop calling everything a Ponzi

- A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors. This is similar to a pyramid scheme in that both are based on using new investors' funds to pay the earlier backers. Elements:
  - Fraud or illegal activity

Using money from new users to pay existing users

The promise of outsized returns

Lead by a charismatic salesperson

named after Charles Ponzi. In the 1920s, Ponzi promised investors a 50% return within a few months for what he claimed was an investment in international mail coupons. Ponzi used funds from new investors to pay fake “returns” to earlier investors. Ponzi Schemes | Investor.gov.

Affordable project: https://endofsartoshi.xyz/# - Myth47

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