This raises an interesting question. I wonder if explicitly labeling itself as a Ponzi scheme precludes it from being technically classified as a Ponzi scheme.
Is it still technically fraud if you walk up to someone on the street and say: "Hey, I want to defraud you, so I'm pretending to be your bank. I need interest on that thing you did. Pay up please?"
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[ 24.1 ms ] story [ 99.9 ms ] threadIs it still technically fraud if you walk up to someone on the street and say: "Hey, I want to defraud you, so I'm pretending to be your bank. I need interest on that thing you did. Pay up please?"