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Charles Ponzi, the namesake of the scheme, in 1920. A Ponzi scheme (/ ˈ p ɒ n z i /, Italian:) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [1]
The War on Normal People: The Truth About America's Disappearing Jobs and Why Universal Basic Income Is Our Future is a 2018 book written by Andrew Yang, an American entrepreneur and Venture for America founder, who would later run as a 2020 Democratic presidential candidate on policy strategies discussed in the book.