A ________ Is an Investment Fraud in Which a Manager

question 45

Multiple Choice

A ________ is an investment fraud in which a manager collects funds from clients, claims to invest those funds on their behalf, reports extremely favorable investment returns, but in fact uses the funds for his own use.

• A)Ponzi scheme
• B)bonsai scheme
• C)statistical arbitrage scheme
• D)pairs trading scheme
• E)None of the options

---

Definitions:

Overnight Letter Express Service

A postal service that guarantees the delivery of letters and small packages by the next day.

Processing Mail

The systematic handling of mail, including sorting, delivery, and dispatch, following specific procedural guidelines.

Sorting

The process of separating items into categories or groups based on specific criteria, often used in data organization or processing.

Recording

The action or process of capturing data, sounds, images, or performances through electronic means for storage, analysis, or reproduction.