KeyFi-Celsius Crypto Dispute: What is a Ponzi scheme?
Updated: 12 Jul 2022, 09:35 AM IST
TL;DR.Ponzi schemes are fraudulent investment schemes that promise quick, easy returns on investments with little to no risk. You've probably heard of Bernard Madoff; we'll enlighten you on some other prominent ponzi schemes.
A Ponzi scheme is an unlawful and fraudulent investment scheme that guarantees rapid, simple, large returns on investments with little to no risk.