Ponzi Schemes

Occasionally I have written about investment frauds.  My last post on this topic was on November 27 and is found here:


Here is a story from December 28 titled “Ponzi collapses nearly quadrupled in ’09”:


While I find this article’s statistics to be of interest, I do not necessarily agree with some of its commentary.

Of course, there are many types and permutations of investment frauds, of which Ponzi schemes are just one type.

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SPX at 1132.99 as this post is written