In which countries did Charles Ponzi operate his scheme?
USA and Canada
USA and Italy
Canada and Italy
Italy and France
Answer
Ponzi schemes refer to fraudulent investment operations where returns are paid to investors from their own funds or money paid by subsequent investors, rather than from any actual profit. These schemes are named after Charles Ponzi, who ran one of the most infamous Ponzi schemes in the United States in the early 20th century.
Ponzi Scheme Prodigy: The Charles Ponzi Quiz
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