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What is a Ponzi Scheme?

What is a Ponzi Scheme?. What is a Ponzi Scheme? How do they work? Why do so many intelligent people fall victim to them?

Post your response to the weekly question by Saturday  of the module. This posting should be at least 250 words. Your primary posting can end with a “tag line” or a related question of your own. Reply to at least 2 other learner’s postings in each forum. Replies should be at least 250 words. In addition, please ensure that you answer all of my questions.

Initial Post : 250 words

2 Responses : 250 words each response

What is a Ponzi Scheme?

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