Is SwissCash payout sustainable?

There were comments that SwissCash's payout cannot be viable.
SwissCash was referred to as a Ponzi scheme.

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A Ponzi scheme is a fraudulent investment operation that involves paying abnormally high returns ("profits") to investors out of the money paid in by subsequent investors, rather than from net revenues generated by any real business
Ponzi scheme. Wikipedia.com. http://en.wikipedia.org/wiki/Ponzi_scheme
(accessed: November 16, 2006).

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I made a calculation into whether SwissCash's payout, which is 200% profits in 15 month, is sustainable.

Look at the spreadsheet:

If indeed Swiss Mutual Fund is able to achieve an average of 25% to 45% returns per month

It could possibly explain why this "Ponzi scheme" has lasted for more than 1 year, and that I've seen David's SC account that made money.

But then, it could also mean SwissCash is very good at recruiting investor A, and then using investor B and C's moneys to pay off A, and it finally turns out to be another good'o money game scam.... :P

But until evidence from either side comes into the picture, the verdict is still out on SC