Write a short paper analyzing what you have read about Ponzi schemes, and why such schemes are so successful at luring unsuspecting investors. Is it the scheme itself or the person behind it that causes people to be sucked into the scheme?

Use some examples such as Charles Ponzi himself and Bernie Madoff to help explain your answer.

Answer rating: 100% (QA)

Ponzi scheme Reaction Paper Ponzi schemes are is a fraud that is committed where old partners are promised to be paid a high return on their initial investments from money collected from subscribing m... View the full answer