How Do Ponzi Schemes Differ From Pyramid Schemes?

This is part five of a series on some of Wall Street's biggest frauds and how to avoid them. Click here for part one on the "Wolf of Wall Street" and microcap stocks. Click here for part two on pre-IPO scams. Click here for part three on precious metals fraud. Click here for part four on binary options fraud. Click here for part five on pyramid schemes.

Q2 hedge fund letters, conference, scoops etc

The terms "Ponzi scheme" and "pyramid scheme" are often used interchangeably, but they aren't exactly the same thing. Essentially, some...