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The credit quality of junk bonds varies widely.

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Alex Berenson

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In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.

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As a public servant, William H. Webster has an impeccable resume.

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April 21, 2024

As a public servant, William H. Webster has an impeccable resume.

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April 21, 2024

In a Ponzi scheme, a promoter pays back his initial investors with money he has raised from new investors. Eventually, the promoter can no longer find enough new investors to pay off the people who have already put up money, and the scheme collapses.

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