Ponzi Scheme 龐茲騙局(非法吸金) A Ponzi scheme is a fraudulent investment operation where the operator, an individual or organization, pays returns to its investors from new capitalpaid to the operators by new investors, rather than from profit earned by the operator. Operators of Ponzi schemes usually entice new investors by offering higher returns than other investments, in the form of short-term returns that are either abnormally high or unusually consistent. The perpetuation of the high returns requires an ever-increasing flow of moneyfrom new investors to sustain the scheme.The scheme is named after Charles Ponzi, who became notorious for using the technique in 1920. The idea, present in novels (for example, Charles Dickens' 1844 novel Martin Chuzzlewit and 1857 novel Little Dorrit each described such a scheme), was actually performed in real life by Ponzi who with his operation took in so much money that it was the firstto become known throughout the United States. Ponzi's original scheme was based on the arbitrage of international reply coupons for postage stamps; however, he soon diverted investors' money to make payments toearlier investors and himself. 龐氏騙局(又稱為「非法集資