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A comment on Death of Korea's 'apartment king' leaves 100s in property purgatory. Parent comment

Re:Death of Korea's 'apartment king' leaves 100s in property... by hsbauauvhabzb on Saturday January 14, 2023 @09:51PM (#34386326)
Isn’t this normally called a Ponzi scheme?
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Re:Death of Korea's 'apartment king' leaves 100s in property... by mistrial9 on Saturday January 14, 2023 @09:58PM (#34386361)
https://ko.wikipedia.org/wiki/%ED%8F%B0%EC%A7%80_%EC%82%AC%E...
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Re:Death of Korea's 'apartment king' leaves 100s in property... by IncRnd on Saturday January 14, 2023 @10:54PM (#34386588)
No, this isn't close to a Ponzi scheme. A Ponzi scheme is fraud where profits are paid to earlier investors with funds from more recent investors.
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Re:Death of Korea's 'apartment king' leaves 100s in property... by fsckboy on Sunday January 15, 2023 @03:50AM (#34387902)
you mean simulated or pretend profits
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Re:Death of Korea's 'apartment king' leaves 100s in property... by IncRnd on Sunday January 15, 2023 @03:15PM (#34392857)
The word profit refers to the profit of the earlier investors.
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Re:Death of Korea's 'apartment king' leaves 100s in property... by fsckboy on Monday January 16, 2023 @09:40PM (#34408539)
when fraud and bankruptcy courts unravel an investment scheme, they don't "claw back" distributed profits, but they do demand the return of the ponzi's payments that are meant to appear to be profits but were simply purloined from the earlier investors, is what I was referring to. The courts do not consider those to be profits.
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