Quote from: darkmule on March 12, 2014, 06:07:08 PM

Quote from: spixel on March 12, 2014, 10:09:53 AM

Ponzis are only illegal because they try to masquerade themselves as a genuine investment. Why is that so hard for people to understand?

Because it's utter bullshit. Ponzis are illegal for a number of reasons, deception being only one of them. For one matter, a Ponzi is, as a matter of law, a business operating while insolvent. For another, fraudulent schemes depending on the behavior of others have been considered violations of the Lottery Act, as they have all the criteria (chance consideration and reward). The policy considerations are that Ponzis invariably collapse eventually, and often create havoc when they do, with bankruptcies that go on for decades costing enormous amounts of court time and money.

Even though I don't think a "game" that is openly calling itself a ponzi is really illegal unless it claims to have guaranteed payouts, I think this forum section has been totally spammed by all these scams so I bump this.

Mensa

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