finance ethics
type: Concept
narrower: ponzi schemes

marketing ethics
type: Concept
narrower: ponzi schemes

scams and swindles
type: Concept
narrower: ponzi schemes

concepts
type: Collection
type: ConceptGroup
member: ponzi schemes

ponzi schemes
definition: A Ponzi scheme is a variant of the centuries-old fraud popularly known as “robbing Peter to pay Paul,” which requires luring an initial group of gullible investors by offering them an improbably high return on their money, presumably made possible by investing their funds in a superbly profitable business venture. In reality, this great enterprise is either nonexistent or is merely a front, and the initial investors are actually paid with the funds provided by a second group of investors. [Source: Encyclopedia of Business Ethics and Society; Ponzi Scheme]
broader: scams and swindles
broader: marketing ethics
broader: finance ethics
type: Concept