【中文版】

庞氏骗局是一种古老的骗局，其特点是以高收益为诱饵，通过不断吸引新的投资者加入，以新投资者的资金来支付老投资者的利息和回报，以制造暴富的假象。这种骗局通常涉及虚假宣传、夸大宣传、欺诈等行为，其本质是拆东墙补西墙，用后一批投资者支付给前一批投资者作为投资回报。

庞氏骗局的典型特征是投资者可以随时撤资，但资金流动并不真实存在，即不存在真实的投资项目或收益来源。通常，骗子会利用人们对高收益的追求和对财富的渴望，以虚构的投资项目或公司来吸引投资者，承诺高回报并制造暴富的假象，以吸引更多的投资者加入。

庞氏骗局的危害非常大。由于它涉及欺诈和虚假宣传等行为，投资者往往无法了解投资项目的真实情况，最终导致资金损失。此外，庞氏骗局还可能引发社会问题，如造成家庭破裂、经济危机等。因此，投资者在选择投资项目时应该保持警惕，不要被高收益的承诺所迷惑，选择合法、规范的金融机构进行投资。

【英文版】

Ponzi scheme is an ancient scam, which takes high returns as bait, continuously attracts new investors to join in, pays interest and returns to the old investors with the funds of the new investors, and creates the illusion of getting rich quickly. This scam usually involves false advertising, exaggerated publicity, fraud and other acts. In essence, it is to pull down the eastern wall to repair the western wall, using the funds of the later batch of investors to pay for the investment returns of the earlier investors.

The typical feature of Ponzi scheme is that investors can withdraw their funds at any time, but the fund flow is not real, that is, there is no real investment project or source of returns. Usually, the scammers will take advantage of people's pursuit of high returns and their desire for wealth, using fictional investment projects or companies to attract investors, promise high returns and create the illusion of getting rich quickly to attract more investors to join in.

The harm of Ponzi scheme is very great. Because it involves fraud and false advertising, investors often cannot understand the real situation of the investment project, which ultimately leads to financial losses. In addition, Ponzi scheme may also cause social problems, such as family breakdown and economic crisis. Therefore, investors should be vigilant when choosing investment projects, do not be confused by the promise of high returns, and choose legal and standard financial institutions for investment.