Ponzi scheme
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A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian con artist Charles Ponzi, this type of scheme mi
Charles Ponzi, the namesake of the scheme, in 1920
Charles Ponzi
Non-fungible token
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A non-fungible token is a unique digital identifier that is recorded on a blockchain and is used to certify ownership and authenticity. They typically contain references to digital files such as artwo
Ponzi scheme
…Money multiplier Non-fungible token Saradha Group financial scandal…
George M. Church sold NFTs of an "artistic representation" of his genome and likeness in 2022.