QUESTION:-
Identify this person.He is infamous for something in the area of finacial investment by investors,what is this fradulent investment operation.Explain it.
RESULTS:-
Fastest Correct Answer:-Sameer Agrawal
Lucky Draw Winner:-Anindya Bhattacharjee
ANSWER:-
Charles Ponzi.Ponzi scheme is a fraudulent investment operation that involves promising or paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business.A Ponzi scheme has similarities with a pyramid scheme though the two types of fraud are different.
ANNOUNCEMENT:-
The 25th October question will be uploaded by 01.11am.
No comments:
Post a Comment