Investment fraud scheme where early investors get "paid" by investments from later investors, but the last investors end up with nothing when the scheme collapses.
Related categories 1
Collects and discusses information on matrix sites and other scams.
Ponzi Schemes and Bubble Scam Investment Frauds
Describes the history and workings of this scam.
Pyramid Scheme Alert
International organization to expose, study and prevent illegal pyramid schemes. News, alerts, resources, legal information and consumer information.
SEC.gov - Pyramid Schemes
Explanations, warnings and links to related articles published by U.S. government agencies.
Skeptic's Dictionary: Pyramid Schemes, Chain Letters and Ponzi Schemes
Defines these fraudulent systems of making money which require an endless stream of recruits for success.
Motherjones.com - The Net As Ponzi Scheme
Article compares the internet stock boom with a Ponzi scheme. (March 01, 2000)
In Ponzi We Trust
Describes how con artists today are using the Internet to reinvent the Ponzi scheme. From Smithsonian Magazine, Vol 29 number 9. (December 01, 1998)
A speech by Debra A. Valentine, General Counsel For The U.S. Federal Trade Commission. Describes these schemes, how they can cause financial ruin for governments and banks, and how governments have cracked down on internet "get rich quick" schemes. (May 01, 1998)
Last update:January 2, 2007 at 16:51:17 UTC