... fraudulent investors operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. The Ponzi scheme usually entices new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. Perpetuation of ... 't turn on the television without seeing a report on the Bernard Madoff story. It was the story of the decade. I personally couldn't get enough of it. I felt sorry for...

• Word Count: 1193
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School