>>What is a Ponzi scheme?
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>Charles Ponzi was neither the first nor the last to use this particular scheme; what sets him apart is the massive scale of his fraud.
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>See the Charles Ponzi Web site at http://www.mark-knutson.com/ or search for "Charles Ponzi".
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>It might be worth-while to do some research on common frauds (at least, it provides some entertaining reading); some common schemes (frauds) include the Ponzi scheme, pyramid schemes, multi-level marketing (a variation on the pyramid scheme), the Nigerian fraud, the lottery fraud, ... (and many others more).
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>Groet,
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>Hilmar.

I would disagree with calling multi-level marketing a fraud. With companies like Mary-Kay, Amway, Tupperware, etc. there are actually many people making money by selling the product. I will grant that there is a over-hype in getting people involved but the bottom line is that the bottom line actually moves the product (My wife used Mary-Kay and my mother loved Amway cleaners)