[Name][Course][Institution][Professor][Date]Receiving money from new investors and giving it to old inverstors on the pretext that they are returns from is a lucrative business activity, which on reality is non-existent, is ilegal and unethical. Therefore, irrespective of who, where, why and how it is conducted, this practice can not be justified. Both Charles Ponzi and Bernard mardoff were guilty on equal scale irrespective of their initial economic status or the amount of money they made from the scheme.Ponzi schemes operate in such a way that, a fictitious investment scheme is made and people encouraged to make investments with promises of extremely high returns over short periods of time. Money submitted by the newest investors is used to pay t...