There can be an "honest" Ponzi game.
There are no honest Ponzi, as others have said it's an oxymoron.
All Ponzi are scams.Just because he has not run off with the money yet, does not mean he won't.
He will run off with the money eventually, this is guaranteed.So anyone that wins at poker is scamming the other players by all of the anti-ponzi crowd out there.
Again this isn't true, no one is being scammed in poker unless someone is cheating.
It is a fallacy to claim that gambling is a scam because someone loses, as I mentioned in this
post.
This is not true. You can run a ponzi game that is not a scam. Yes a lot of them turn out to be one but they dont have to just because it is a ponzi. So far the one operator is showing he is not trying to scam anyone. He has his fees are how he makes his money just like the house rake. The players are taking form each other just like poker. Until you can show cheating with proof then there is no cheating.