A term I learned lately
Dec 15th, 2008 |
Ponzi scheme: An investment scam that appears to be actually paying high returns by paying the supposed returns out of the investors’ own capital.
the reason I post about this is a result of knowing about the great scheme that was pulled off by hedge fund manager Bernard Madoff. for more information about this story go to <bloomberg>
The guy for roughly 20 years kept showing awesome returns by showing high returns through paying investors with other investors money, costing investors an expected amount of more than $50 billion!!!
Really this industry is full of shit.. I can’t believe im stepping in it just as the hell broke loose ! but what can I say.. I love trading.