In a Ponzi scheme, don’t they take from the old and give to the new? Or is it take from the new and give to the old? In this vantage scheme, they take from the old, and they take from the new, and they give nothing back to anyone. They keep it all for themselves. So what would you call that?
I call it theft.
And this is really a terrible thing, and it changes the way you look at the world, and you don’t trust anyone anymore.