Abd ul-Rahman Lomax wrote:
However, "bilked" may not be it. Rather, he set up a speculative investment opportunity for people, under this particular theory: "now that you know we don't actually have anything yet -- we might find the magic wand waving technique! but, you know, those stupid physicists say it's impossible -- you have the option of leaving your money in, and as long as our research program can stay open, you'll get payments from the new people buying in. So you can make some money, if it lasts long enough.
That would be a Ponzi scheme. That's against the law, at least in the U.S. If the authorities found out about it they would shut down the company immediately.
- Jed
