Is one allowed to ask people for their money for 7% profit /year through advertisement on a month to month contract which means they can have their money back with interest after a month if they want ?
All without representing a banking institution.
Tags: advertisement, bank, banking institution, legally, money, month, offer, People, profit, representing, their, without, year
I think yes.
Yes, it is legal. Any individual can borrow money from other individuals offering a return on their money, then that individual invests the money at a greater return. That way, both individuals make out.
Corporations selling stock operate the same way without the need to go through a bank.
is your name ponzi?
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