A Ponzi scheme (also called Pyramid scheme) is a fraudulent investment operation where the operator provides fabricated reports and generates returns for older investors through revenue paid by new investors, rather than from legitimate business activities or profit of financial trading. Operators of Ponzi schemes can be either individuals or corporations, and grab the attention of new investors by offering short-term returns that are either abnormally high or unusually consistent.

Companies that engage in Ponzi schemes focus all of their energy into attracting new clients to make investments. Ponzi schemes rely on a constant flow of new investments to continue to provide returns to older investors. When this flow runs out, the scheme falls apart.

Here is a Short list of some Ponzi Schemes,

BCC Cash (note that this is different from Bitcoin Cash),BCHconnect,Billion Bit Club,Binary Coin,Bit Sequence,BitAI,Bitchamps,Bitclub/clubcoin,Bitcoin Ascension (pyramid scheme),Bitconnect X,Bitether,Bitfinite,Bitfintech,Bitglare Coin,Btchash,Btc-Rush. You can View More Here

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