Religion News, November 16, 2010
Tuesday November 16, 2010 Religion News Briefs, RNB's Religion News Blog

Religion news roundup
A Ponzi scheme is a particular type of pyramid scheme — an investment scam in which investors are paid from capital brought in by new investors, rather than from profits earned.
The fraudulent scheme is named after Charles Ponzi, who in 1920 applied the technique which was previously presented in works of fiction, such as Charles Dickens’ 1844 novel Martin Chuzzlewit .
Here is how a Ponzi scheme works:
And here’s an archive of news stories regarding Ponzi schemes with a religious angle: