" The Securities Exchange Act of 1934.Dilean Reyes-Rivera was the president of Global Reach Trading (GRT), a corporation registered in Puerto Rico. His brother Jeffrey was the rms accountant. Along with GRT sales agents and other promoters, the brothers solicited funds from indi-viduals by promising to invest the funds in low-risk, short-term, high-yield securities. e investors were guaranteed a rate of return of up to 20 percent. rough this arrangement, more than 230 persons provided the brothers with about $22 million. is money was not actually invested. Instead, the funds received from later investors were used to pay returns to earlier investors. e Reyes-Riveras spent $4.6 million of the proceeds to buy luxury vehicles, houses, furniture, jewelry, and trips for themselves. What is this type of scheme called? What are the potential consequences? Discuss"