Which of the Statements Below About Ponzi Schemes Is TRUE

question 76

Multiple Choice

Which of the statements below about Ponzi schemes is TRUE? .

• A)The Madoff Ponzi scheme was an investment fraud scam in which earlier investors were paid off with money collected from newer ones.
• B)Ponzi scheme swindlers often display characteristics commonly attributed to good leadership,such as setting visions,communicating them clearly,and motivating others to follow their lead.
• C)It is a type of fraud that got its name from one of the earliest known investment fraud swindles,brought to the United States by Charles Ponzi.
• D)Investors in such schemes almost always harbor hopes of unrealistic gains,and this in turn makes them vulnerable to scams.
• E)All of the statements above are true.