Re:SEC charges GAW Miners and ZenMiner as a Ponzi scheme [pdf]
by JoshTriplett on Tuesday December 01, 2015 @08:58PM
(#10660375)
Fair enough, though the two are often combined (paying the top of the pyramid from the bottom).
(A ponzi scheme paying current investors from the funds contributed by incoming investors, as distinct from a pyramid scheme where payouts are typically in return for recruitment of others to the scheme.)