Investment fraud scheme where early investors get "paid" by investments from later investors, but the last investors end up with nothing when the scheme collapses. 1. "Pyramid Schemes" - A speech by Debra A. Valentine, General Counsel For The U.S. Federal Trade Commission. Describes these schemes, how they can cause financial ruin for governments and banks, and how governments have cracked down on internet "get rich quick" schemes. 2. Motherjones.com - The Net As Ponzi Scheme - Article compares the internet stock boom with a Ponzi scheme. 3. Ponzi Schemes and Bubble Scam Investment Frauds - Describes the history and workings of this scam. 4. Pyramid Scheme Alert - International organization to expose, study and prevent illegal pyramid schemes. Site includes news, alerts, resources, legal information and consumer information. 5. Pyramid Schemes, Ponzi Schemes, and Other Frauds - Describes the many variations of this scam. 6. SEC.gov - Pyramid Schemes - Explanations, warnings and links to related articles published by U.S. government agencies. 7. Skeptic's Dictionary: Pyramid Schemes, Chain Letters and Ponzi Schemes - Defines these fraudulent systems of making money which require an endless stream of recruits for success. 8. The Ponzi Scheme - Charles Ponzi promised to double your money in just 90 days. Many people did get their money. Read this story to find out how. 9. In Ponzi We Trust - Describes how con artists today are using the Internet to reinvent the Ponzi scheme. From Smithsonian Magazine, Vol 29 number 9. 10. MatrixWatch - Collects and discusses information on matrix sites and other scams.

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