ponzi scheme

I believe marjority of you guys here in this forum may have come across the website or application known as coin.pay.com . Primarily this is a Ponzi scheme website that have been paying it members and users for the past 2 years for investment their hard-earned money in cryptocurrency tokens like...

A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profits generated by the scheme. Operators of Ponzi schemes usually entice new investors by offering higher returns than other...