Ponzi schemes, named after the guy who created them, Charles Ponzi, are one of the uglier sides of accounting. A Ponzi scheme, also known as a pyramid scheme, is when a salesman, usually a very charismatic person, makes an “investment” sound like a great opportunity. They make false promises of great returns using secret plan or business expert. What really is happening is they are tricking several individuals into joining their plan. As an alternative to making any actual profit, as well as the money from their latest victims to pay off the earlier victims. This works as long as there are new investors lining up to join the salesman, and as long as no one already invested tries to take too much money out at once.

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Obama’s doing other stuff to help business owners like me generate more profits this season. I’ve never considered selling my products overseas fortunately I’m keen on it. He stated he for you to double exports by 2015, so the U.S. Export-Import bank just launched new initiatives might us accomplish this. And new legislation passed last year allows tax free capital gains from investments in companies if held for above five various years.

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