Assignment Task:
This article: The Never Ending Attraction of the Ponzi Scheme by Pearl Jacobs and Linda Schain
Discusses why people, particular those who intend to do business, are attracted to Ponzi schemes. Kindly read it and answer the questions below.
Problem 1: Identify the ethical and legal issues in the case of a Ponzi scheme. Where do they overlap? What are the differences?
Problem 2: Do you think that a scheme which operates like a pyramiding system could ever be ethically and legally justified?