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How to run a personal Ponzi scheme with mortgage debt - OC Housing News


               
2014 Dec 14, 9:59pm   743 views  0 comments

by golfplan18   follow (1)  

http://ochousingnews.com/blog/run-personal-ponzi-scheme-mortgage-debt/

In its simplest form, a personal Ponzi scheme is borrowing money to pay debt service: acquiring new debt to pay old debt. It’s a path to disaster.

Source: http://ochousingnews.com/blog/run-personal-ponzi-scheme-mortgage-debt/#ixzz3LyVLNfBp

#housing

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