A fraudulent investment operation in which money collected from new investors is used to pay off earlier
Question:
A fraudulent investment operation in which money collected from new investors is used to pay off earlier investors Match the terms with the definitions. Some terms may not be used.
a. bait and switch
b. clearance
c. deception
d. fake sale
e. infomercial
f. liquidation g. low-balling h. pigeon drop i. Ponzi scheme j. pyramid scheme k. redress
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Related Book For
Managing Your Personal Finances
ISBN: 9781305076815
7th Edition
Authors: Joan S. Ryan, Christie Ryan
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