What is Ponzi scheme | How Ponzi scheme works

Topic: What is Ponzi scheme | How Ponzi scheme works | Stay SAFE Ponzi scheme is a fraudulent investment scheme originated by individual or companies to loot general investors. Ponzi scheme originator offers above average return to attract general people to invest in the scheme. Ponzi scheme originator invests a certain amount of money to make the scheme popular. This scheme pays profits to older investors by using funds obtained from newer investors. Ponzi scheme originator says its scheme holder that they invest the money in some secret fancy projects which brings huge return. Ponzi scheme is named after Charles Ponzi who made a huge financial scam in 1920. These types of Ponzi scheme scams happened all over the world. Ponzi schemes scams happened even in Bangladesh, India and other Asian countries as well. We should know about the Ponzi scheme scams to stay safe from it. Characteristics of Ponzi scheme - Ponzi Scheme originator offers high investment returns with little or no risk. - Ponzi Schemes are not registered with any of the financial regulatory authorities. - Ponzi Schemes have unlicensed sellers - Ponzi Schemes scammers says their investment to be secret or complex Presented by Shihab Alam Khan on behalf of Finance School

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