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by lojack
3246 days ago
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Your analogy is slightly off... suppose you lent $10,000 to an acquaintance known for being able to double it, and they promise to return it doubled in a year. A year later you ask for your money and he gives you $6,000 from someone else he convinced to do the same thing along with $6,000 from a different venture that was taking off and $8,000 work of equity for that startup. You didn't quite get what was promised, it seems a little shady, but at least he didn't rip you off. |
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Shkreli may have been able to work his pseudo-Ponzi-ish scheme to investors' benefit. But it is pretty easy to look up the sordid history of the vast majority of Ponzi-type schemes, to see why this type of activity is generally illegal.