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Reader takes issue with ‘Ponzi scheme’ comparison

January 15, 2016
By Marcy Shortuse
To the Editor: According to Wikipedia, a Ponzi scheme is a fraudulent investment operation in which the operator, an individual or organization, pays returns to its investors from new capital paid to the operators by new investors, rather than from profit earned by the operator. Mormino’s allegation that “Florida, in some ways, resembles a modern […]

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