Final answer:
A Ponzi scheme is a form of white-collar fraud where new investments pay returns to earlier investors, exemplified by cases like Bernard Madoff's scheme.
Explanation:
A Ponzi scheme is a type of white-collar fraud whereby individuals swindle money by using investments from new participants to pay returns to earlier investors, resulting in a collapse that leads to financial losses for all involved. One prominent example is the case of Bernard Madoff, who orchestrated a massive Ponzi scheme defrauding thousands of investors.
Learn more about Ponzi schemes here:
https://brainly.com/question/33965627
