Ans. Finance Bill, 2025 amended section 10 (10D) of the Income-tax Act, 1961 so as to provide that proceeds received on a life insurance policy issued by an IFSC insurance intermediary office shall be ...

"A Ponzi scheme operates by taking money from new investors to pay current investors. That's the definition given by the SEC, and contrary to popular belief, that's exactly how Social Security ...

The operation fits the classic definition of a Ponzi scheme where someone takes money from investors for a fraudulent business product. Investors think money they receive back is legitimate ...

If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on ...

Democrats have pushed back after Elon Musk claimed that social security operates like a "Ponzi scheme" as he continues to ...

Former NFL player John Robert Leake was sentenced to 2.5 years in prison for defrauding $5M from friends in a gambling-induced Ponzi scheme ...

Angela Rayner has approved Howells’ plans for a supersized version of Cumbria’s famous Tebay service station in Cheshire ...

An Environment Court judge says a decision on the paused Tarawera Sewerage Scheme will be a priority following a hearing ...

However, it morphed into the definition of a Ponzi scheme due to changes in society, lifespans and financial structures.” Seelinger continued, “In 1940, the life expectancy was approximately ...