ponzi scheme

Zachary Horwitz, known as Zach Avery onscreen, raised cash from investors in phony Hollywood film licensing deals.
Zachary Horwitz, known as Zach Avery onscreen, could face up to 20 years in prison.
It's unclear whether the president will consider the notorious Ponzi schemer's clemency petition.
China's mishandling of its financial markets continues to reverberate through its own economy and global financial markets.
Two points were made in the October debate that deserve scrutiny. One was voiced by several candidates, from Senator Rand Paul to Governor Chris Christie: Namely, that the government has been "stealing" from Social Security. The other is that Social Security is a giant Ponzi scheme Let's discuss why this is a terrible misrepresentation of this program and how Social Security actually works.
If you are presented with an opportunity to invest in an unregistered offering, in addition to thoroughly investigating an investment--and the expert selling it--you should be on the lookout for some potential scams.