The Ponzi scheme is a fraudulent one which is initiated to grab new investors to pay off dues of the old investors. Portfolio Executives manage the flow of funds within the scheme. Furthermore keep a record of new investments and monitor payments. Basically its an age-old customary scheme that continued till date. Its name was coined after Charles Ponzi, the father and originator of the racket. He was known for starting the era of embezzlement in the 1920s.
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