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 in Business & Finance ➔ Other - Business & Finance
I know all these reasons.... I know i know i know i heard them all before.... and if it runs out, it runs out.... some lose some win.... with any fricken game, gambling, business transaction, forex, EVERWHERE people lose in projects and programs.... people are mad because they get lied too! THere are ways to make it last as long as possible... and in my company i'd pay out as much as i could. the way i'd make money is a withdrawal fee... all the rest would go to the "customers"..... if people don't want it to end, then they can refer people... incentiv.... any product has an increase in customers and then it dies out.... i've done a business plan and marketing plan for this.... i know it can work
2006-09-08 08:54:59 · update #1
The way it works is I get money from you, you get money from someone else and then they get money from someone else and so on and so on. You will eventually start running out of people to get money from and those people left at the end of the line will be left holding the bag. Gambling leave the possibilty that someone might get screwed or might win big. Ponzi makes sure someone gets screwed.
2006-09-08 08:42:25 · answer #1 · answered by butnozzle 2 · 0⤊ 0⤋
Ponzi steal from honest people..the lie is that it works.
2006-09-08 15:37:59 · answer #2 · answered by thebushman 4 · 0⤊ 0⤋
You finally run out of new members and the scheme collapses.
2006-09-08 15:42:11 · answer #3 · answered by Barkley Hound 7 · 0⤊ 0⤋