The Petters case was an example of the type of fraud called the Ponzi Scheme. This is further explained below.
<h3>What is Ponzi Scheme?</h3>
Generally, deception is when early investors are bribed with rapid returns on their money by later investors to believe in the success of a non-existent business.
In conclusion, The Petters affair is an example of a sort of investment scam known as a Ponzi Scheme.
