PHRASE OF THE MONTH
A Ponzi Scheme is an investment scam. Very high rates of return are promised to investors. However, returns for investors are obtained by getting new investors. So, all the income from new investors is used to pay the earlier investors their returns. Then more new investors' money is used to pay the second group of investors, and so on. The more people who invest, the more money is circulated. And that means that more people are tricked.