A Ponzi scheme is a type of investment fraud that lures participants with promises of high returns and low risk, but generates no actual profits from legitimate business activities. Instead, it pays returns to earlier investors using money contributed by newer ones, creating an illusion of success. Named after Charles Ponzi, who popularized this scam in the early 20th century through a postage stamp arbitrage scheme, it operates like a pyramid, requiring an ever-increasing influx of fresh capital to continue. Without genuine revenue, the system inevitably collapses when recruitment slows, leading to massive losses for most involved. Authorities worldwide consider Ponzi schemes illegal, often prosecuting operators for securities fraud, and they serve as a cautionary tale about get-rich-quick offers that sound too good to be true. Investors should always verify claims through independent research and regulatory bodies to avoid falling victim.
- charging reliability improving but satisfaction drops amid cost and complexity
- cancelled ev programs show automaker retreat
- tariffs cause polestar to report billion-dollar loss in q2
- dodge charger ev recall for being too quiet and unsafe
- polestar 3 recalled over water-damage risk in electrical system
- gm’s new adapters highlight ev charging standards confusion
- tesla model y auto window recall in australia over crush risk
- bmw recalls over 70k evs for possible power loss while driving
- uk warns charging must become as easy as filling up at the pump
- us states suing federal govt over ev infrastructure rollback
- limited battery recycling options raise environmental concerns
- electric car tire wear faster than expected
- charging station reliability problems drivers complain about
- battery replacement cost electric cars real numbers
- lack of charging stations in rural areas still a big problem