What's a Ponzi scheme and who is Ponzi? UA business professor sheds light on investments - Akron Beacon Journal

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What's a Ponzi scheme and who is Ponzi? UA business professor sheds light on investments  Akron Beacon Journal

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In the recruitment videos and materials I reviewed, promoters are specifically targeting Black participants, but it's widespread in other communities, too. Personal, church or work relationships are exploited. The schemes involved different groups composed of 15 people divided into four levels: one at the top or center, two on a second level, four on the third, and eight at the bottom. In one version, the incoming eight participants each send $500 — $4,000 total — to the person at the top through PayPal, Venmo or some other cash app.
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