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The Ponzi scheme is a name for investment fraud in the financial sector and the ancestor of the Pyramid scheme.
Many illegal MLM syndicates use this to amass money. This scam is "invented" by a speculator named Charles Ponzi.
The Ponzi scheme is also known in China as "demolition of the east wall and repair of the west wall" and "white gloves with empty gloves." In short, it is to use the money of new investors to pay interest and short-term returns to old investors in order to create the illusion of making money and then deceive more investment.
(English) Subtitle maker : Yu Yingyao