Which of the statements below about Ponzi schemes is TRUE? .
a. The Madoff Ponzi scheme was an investment fraud scam in which earlier investors were paid off with money collected from newer ones.
b. Ponzi scheme swindlers often display characteristics commonly attributed to good leadership, such as setting visions, communicating them clearly, and motivating others to follow their lead.
c. It is a type of fraud that got its name from one of the earliest known investment fraud swindles, brought to the United States by Charles Ponzi.
d. Investors in such schemes almost always harbor hopes of unrealistic gains, and this in turn makes them vulnerable to scams.
e. All of the statements above are true.
Question 2
Investigations of the relationship between religious affiliation and drinking alcoholic beverages demonstrate all of the following EXCEPT __________.
a. more Catholics than the members of other religious groups are both drinkers and heavy drinkers
b. regular churchgoers tend to drink less than nonchurchgoers
c. Jews have a high rate of heavy and problem drinking because of their ritualistic use of alcohol
d. among regular churchgoers, the heaviest drinking is found among Episcopalians
e. among regular churchgoers, the lightest drinking is found among conservative and fundamental Protestants
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How to convert verbal statements into algebraic equations (Part 4)
Bernie Madoff