What are ponzi schemes? Examine why they are considered as such a big menace? Discuss the provisions of banning of unregulated deposit schemes bill, 2018?
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A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds.
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