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Pyramids and Ponzi Schemes

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What should be done to ensure large-scale fraud such as Ponzi schemes and pyramid schemes do not happen in the future?

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Solution Summary

A short answer explaining some potential ways to prevent these types of fraud.

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This is an interesting question because it would be difficult, if not impossible to stop all of them. As we have seen with criminals like Madoff, it is as much about what people are willing to do for more money, both the perpetrators and the participants, and the ability to hide the activity.

There ...

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