Discussion Post: Ponzi Scheme
Read about a legal case that may or may not be a Ponzi scheme. Address the following questions. This case is related to Chapter 8 that you will learn this week.
o First read about the definition of Ponzi Scheme by SEC. Explain how the argument of Jim Finn, the expert for the receiver, fits the definition of Ponzi scheme.
o Now assume you are an expert witness on the side of the defendant. How would you make the argument that what the company did was not a Ponzi scheme?
o You are still the expert witness of the defendant. Read about ‘Side-Taking' in page 8-18 of the textbook. How would you avoid being in a situation like Dr. Pratt?
The response should include a reference list. Using one-inch margins, Times New Roman 12 pnt font, double-space and APA style of writing and citations.