iPath DJ-UBS Natural Gas TR Sub-Idx (GAZ)

[flemsnopes]

Sorry, I still don't buy it. You are obviously in full possession of the facts about GAZ and, while you can certainly make the argument it is overpriced, you present no evidence for fraud. Without a doubt, GAZ investors may be guilty of naivete, but if naivete is the sole determinate for Ponzi fraud, then virtually all stock market investments are Ponzi schemes as some point in the timeline.