I fell down a rabbit hole after doing the NYT mini crossword. I looked up Bernie Madoff and came across the wiki page for Ponzi schemes. I have heard the phrase used before…I think? But I keep reading the wikipedia description over and over and I just cannot understand how it works.
In: 5
**PLEASE READ THIS ENTIRE MESSAGE**
Your submission has been removed because questions politics, political actions and political legal questions are all prohibited by Rule 2.
If you would like this removal reviewed, please read the [detailed rules](https://www.reddit.com/r/explainlikeimfive/wiki/detailed_rules) first. **If you believe this submission was removed erroneously**, please [use this form](https://old.reddit.com/message/compose?to=%2Fr%2Fexplainlikeimfive&subject=Please%20review%20my%20thread?&message=Link:%20/r/explainlikeimfive/comments/138a7pz/eli5_what_is_a_ponzi_scheme/%0A%0APlease%20answer%20the%20following%203%20questions:%0A%0A1.%20The%20concept%20I%20want%20explained:%0A%0A2.%20List%20the%20search%20terms%20you%20used%20to%20look%20for%20past%20posts%20on%20ELI5:%0A%0A3.%20How%20does%20your%20post%20differ%20from%20your%20recent%20search%20results%20on%20the%20sub:) and we will review your submission. Note that **if you do not fill out the form completely**, your message **will not be reviewed**.
*I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/explainlikeimfive) if you have any questions or concerns.*
Latest Answers