Comments on: Ponzi Scheme -What The Heck Is A True Ponzi Scam?

By: aja

aja — Fri, 03 Dec 2010 06:14:09 +0000

Is our current canadian housing price appreciation a ponzi scheme?

By: Kay

Kay — Wed, 01 Apr 2009 10:06:04 +0000

Can anyone tell me if they agree that our own bailout is a type of ponzi scheme

By: Jacer

Jacer — Thu, 05 Mar 2009 04:06:47 +0000

Thanks so much for explaining what a ponzi scheme is. I had no clue, even tho it has been on the news for many weeks.

By: Deanna H.

Deanna H. — Tue, 24 Feb 2009 21:40:25 +0000

Greed is the guiding force in a ponzi scheme. People want to get more than they’re entitled to, and there’s always someone who will take advantage of that greed.

By: KayD

KayD — Thu, 19 Feb 2009 23:25:26 +0000

I think people forget how many Ponzi schemes there are out there until a big case hits the news. There are a lot of people that get away with it just because they operate on a smaller basis. Many of the work at home jobs found online are pretty close to being ponzi schemes.

By: priyamvada

priyamvada — Thu, 19 Feb 2009 18:08:52 +0000

This ponzi scam is i guess oldest type of fraud.But still people keep trying these nonsense things somehow.History keep repeating not only on wall street but in these ponzi schemes also.

By: arkadeb313

arkadeb313 — Fri, 13 Feb 2009 11:05:13 +0000

This type of scam continues irrespective of the country and time and people fall prey to them. Perhaps our city is going to witness one similar to this.

By: alwayshopeful

alwayshopeful — Thu, 12 Feb 2009 20:05:31 +0000

I didn’t realize there was so many people who had been busted for this stuff. I did hear about Maddoff and was shocked at the enormity of it. Then was even more shocked that he tried to send everyone he know money so he could save some of it.

By: Brett

Brett — Fri, 06 Feb 2009 17:54:42 +0000

The interesting thing about Madoff is he was able to carry the scheme on for so long. I agree that he should go to jail. But you need to either give him credit for being able to pull it off for so long, or discredit everyone else who didn’t have the guts to call his bluff.

By: Geekmom

Geekmom — Fri, 06 Feb 2009 05:34:49 +0000

It’s frustrating to know that people are still doing this to this day even after all the warnings. It’s even worse knowing that people are still falling for it. I remember someone calling an MLM I did one year a Ponzi scheme because the poor soul didn’t know any better. It took awhile to get the idea through that a true MLM that is legal is not a Ponzi scheme or a pyramid. Thanks for spreading the word.