What is a Ponzi Scheme?

Matthew 10:16

Matthew 10:16

Member # 003
Location (City)
Bethalto, IL.
First Name
David
Last Name
Virgin
Turns out there has been a whistle blower writing letters to the SEC for the last 9 yrs telling them that Madoff was operating a Ponzi Scheme & they ignored him cause Madoff was/still is rich & powerful! :(:mad: Maybe they should rename it & call it a Madoff Scheme instead of a Ponzi Scheme.
 
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