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Wheres the Ponzi scheme?

ponzi Scheme
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Wheres the Ponzi scheme?

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I agree with the sentiment of the article, but one thing that doesn’t make sense is when the author refers to the financing as a Ponzi scheme. A Ponzi scheme is when earlier investors are paid off with money from subsequent investors. This does not describe the chain of ownership the Sirota listed before calling this a Ponzi scheme.

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