Difference between revisions of "Lesson:How a Ponzi Scheme works/ExerciseL1"

Latest revision as of 14:55, 10 March 2014

Listening Exercise

So, you may have

about Ponzi Schemes in the news. Everybody

they're illegal but you might not

how they work. So, Ben is here to show us. To start off, Ben

a few people to invest their money with him. At

end of the year he

those clients amazing returns that beats every other

in the market. Needless to say the investors are thrilled. In fact they're so ecstatic

all the money they're making that they tell all

friends and family about it too; who tell their friends, who tell their friends. In the

market, most investors make money some years and

money others. But Ben's Ponzi Scheme, yeah, it never loses money. In fact, it

beats the market by a huge margin, but the returns he pays to these people aren't from

profits. He just takes the money, these new guys invest and gives it to these guys. But as

he can't get enough new money from this group to pay these people then the

pyramid starts to crumble. Because they're not getting paid

. Ben and these guys who invested first made a killing but these

lost all their money. So, the next time a guy like Ben

to get you to invest in something that sounds too good to be

, it probably is. Just ask Ben.

@@ Line 1: / Line 1: @@
 ==Listening Exercise==
-{{#ev:youtube|ID}}
+<html5media>http://thegrove.com.br/metodo/images/d/d0/How_A_Ponzi_Scheme_Works.mp3</html5media>
-{| class="prettytable" width=800
-|
 <quiz display=simple>
 {Watch the video and complete the text according to what you can understand.
 |type="{}"}
-So, you may have {  heard _5 } about Ponzi Schemes in the news. Everybody knows they’re {  illegal _7 } but you might not understand how they work. So Ben is here to show us. To { start off _9 }, Ben gets a few people to invest their money with {  him _3 }. At the end of the year he gives those clients amazing {  returns _7 } that { beats _5 } every other investor in the market. {  Needless _8 } to say the investors are { thrilled _8 }. In fact they’re so { ecstatic _8 } about all the money they’re making that they tell all their friends and family about it too. Who tell their friends, who tell their friends. In the { stock _5 } market, most investors make money some years and lose money others. But Ben’s Ponzi Scheme, yeah, it never loses money. In fact it always beats the market by a {  huge _4 } margin but the returns he pays to these people aren’t from actual { profits _7 }. He just takes the money, these new guys invest and gives it to these guys. But as soon he can’t get {  enough _6 } new money from this group to pay these people then the whole pyramid starts to { crumble _7 }. Because they’re not getting paid anymore. Ben and these guys who invested first made a { killing _7 } but these folks lost all their money. So the next time a guy like Ben tries to get you to invest in something that sounds too good to be true. It probably is. Just ask Ben.
+So, you may have { heard _5 } about Ponzi Schemes in the news. Everybody { knows _5 } they're illegal but you might not { understand _10 } how they work. So, Ben is here to show us. To start off, Ben { gets _4 } a few people to invest their money with him. At { the } end of the year he { gives _5 } those clients amazing returns that beats every other { investor _8 } in the market. Needless to say the investors are thrilled. In fact they're so ecstatic { about _5 } all the money they're making that they tell all { their _5 } friends and family about it too; who tell their friends, who tell their friends. In the { stock _5 } market, most investors make money some years and { lose _4 } money others. But Ben's Ponzi Scheme, yeah, it never loses money. In fact, it { always _6 } beats the market by a huge margin, but the returns he pays to these people aren't from { actual _6 } profits. He just takes the money, these new guys invest and gives it to these guys. But as { soon _4 } he can't get enough new money from this group to pay these people then the { whole _5 } pyramid starts to crumble. Because they're not getting paid { anymore _7 }. Ben and these guys who invested first made a killing but these { folks _5 } lost all their money. So, the next time a guy like Ben { tries _5 } to get you to invest in something that sounds too good to be { true _4 }, it probably is. Just ask Ben.
 </quiz>
-|}