#406 Scams, Loses, Theft and More - Must Know Tax Information
Main Street Business
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Is This a Ponzi Scheme?
The more misrepresentation there is, the more of a- It's happening. Yep, and they're taking money from some people and then paying off others. And that's where the Ponzi-type pyramid scheme comes in play. So this is where some of you might have a safe harbor. You're going, okay, it was a theft, but ooh, there was a scam. There was fraud, misrepresentation. They're gonna get prosecuted.
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