Great writing and looking forward to more. I never knew the history of the word Ponzi and I suppose a pyramid scheme is an extension of this but not exactly the same.
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Great writing and looking forward to more. I never knew the history of the word Ponzi and I suppose a pyramid scheme is an extension of this but not exactly the same.
They are both within the category of financial scams but they are different beasts. In some cases there are pyramid schemes that are also Ponzi schemes, but the overlap is simply that people who like to do one kind of scam may be inclined to do more than one at once.