How lucky for us that Charles Ponzi had such an interesting name! So little you can do with "Jones scheme". And who knew Ponzi's eponomyous scheme still retained such vitality? A few days ago Bart Chilton, chair of the CFTC, coined the word "ponzimonium." I offer further evidence of the onset of this phenomenon:
The SEC's Office of Compliance and Inspections is conducting ponzi-detection training.
This is my favorite: the IRS has issued a revenue ruling with ponzi-scheme loss guidance!
No comments:
Post a Comment