What I Learned from Wikipedia, Feb 4, 2009

A Ponzi scheme is a fraudulent investment operation that pays returns to investors out of the money paid by subsequent investors rather than from profit. The term, “Ponzi scheme,” is used primarily in the United States, while other English-speaking countries do not distinguish colloquially between this scheme and other pyramid schemes.[1]

Read more:  http://en.wikipedia.org/wiki/Ponzi_scheme

Kept hearing that term thrown around and figured I should probably get off my ass and learn what it was.

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