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18
The original Ponzi scheme promised investors a return based on buying what? What did he do with the investment money?
US mail stamps were supposedly purchased in other countries for less than they were worth.
The money from newer investors was given to older investors to help spread claims that it was a real investment.
The money from newer investors was given to older investors to help spread claims that it was a real investment.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010