Gambling is defined as "any matter or thing involving risk or hazardous uncertainty."
Ponzi is defined as "a swindle in which a quick return, made up of money from new investors, on an initial investment lures the victim into much bigger risks."
Can someone explain to me how this is differnet?
I want to create a company that runs the same way as a "HYIP" or "Ponzi" but do it legally, and honestly. The only reason its illegal is because of stupid Charles Ponzi who lied to his "investors." Isn't that it?
Why can't I create a real, legal business, that does this same thing but tells the investors what they're getting into. IT"S GAMBLING and people do it all the time. I did it, and lost on some, won on others. I don't understand why i'm being told over and over again that I can't do this. Please help.
Richard
2006-09-08
08:36:24
·
3 answers
·
asked by
Richard A
1