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/biz/ - Business & Finance

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5129284 No.5129284 [Reply] [Original]

>start an "investment firm"
>shill to normies
>get first wave of normie investors
>shill harder
>get second wave of normie investors
>use a portion of the second wave's money to pay fantastic "returns" to the first wave
>the first wave starts to shill for me since they're making so much money
>rinse and repeat
>no risk because there's no investing involved, just have to get new investors
I just thought this up and it seems like a cheat code to getting rich. What's the catch?

>> No.5129326

>>5129284
bro thats literally a ponzi scheme. What do you do when the markets crash and everyone tries to pull out their money at once and you don't have it?

Madoff'd.

>> No.5129336

>>5129284
That's a ponzi scheme my man

>> No.5129365

>>5129284
textbook ponzi scheme

>> No.5129443

>>5129284

I hope you like prison food and BBC. You literally just described a ponzi scheme.

>> No.5129467

>>5129284
You've never heard of a Ponzi scheme? Or Bitcoin? It's extremely illegal and you aren't the first person to think of it or execute it

>> No.5129498

Sounds like a shortcut to jail OP

>> No.5129515

>>5129326
>What do you do when the markets crash and everyone tries to pull out their money at once and you don't have it?
Banks operate with a fractional reserve and everyone thinks it's normal, why couldn't I find a lender to cover the difference in that worst case scenario?

>> No.5129551

The catch is you need to be a jew which means a guaranteed place in hell

>> No.5129569

>>5129284
Sounds awesome How can I buy in?

>> No.5129599

>>5129326
I think that might be the joke but what do I know

>> No.5129618

Wow this is totally new and totally not actually a ponzi scheme like for instance bitconnect, bitpetite and bitlake ( You can guess what happened to the latter 2 by looking them up)

>> No.5129661

You cannot sell shares in an investment company to investors who do not qualify as "accredited investors" under the SEC act of 1933 You'll be fined / put in jail even if your investment company was legitimate

>> No.5129706
File: 187 KB, 1200x1200, charles-ponzi-20650909-1-402.jpg [View same] [iqdb] [saucenao] [google]
5129706

>>5129284
Minister, you Charles Ponzi

https://en.wikipedia.org/wiki/Charles_Ponzi