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Re: Regarding Ponzi Sites -- Requesting some attention (not another section thread)
by
Nikolai
on 13/01/2015, 13:06:35 UTC
@OP You are only half right. You are trying to argue that a ponzi can be legitimate. A ponzi, by definition, cannot be legitimate.

Quote
A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors to create the false appearance that investors are profiting from a legitimate business.

Problem is, you are calling yourself a ponzi when you aren't. Don't act surprised when people leave you negative feedback when you are calling yourself a fraud from the start.

SEC isn't likely to be so enlightened though, so don't be surprised when they bust down your door.