GENERAL KNOWLEDGE

Detailed explanation-1: -What Is a Ponzi Scheme? A Ponzi scheme is a fraudulent investing scam promising high rates of return with little risk to investors. A Ponzi scheme is a fraudulent investing scam which generates returns for earlier investors with money taken from later investors.

Detailed explanation-2: -Fraud is the intentional use of deception to obtain an unlawful or unfair advantage. There are countless types of fraud schemes-countless ways a fraudster can scam a person or a business out of money or other assets. In the case of many common fraud schemes, the crime can be internal, external, or collusion.