The basics of the Ponzi scheme 9 Articles

by Andrew Murphy

In 1920, an immigrant named Charles Ponzi living in Boston promised investors that he could increase their money by 50% in 45 days or double it in 90 days. To the astonishment of many, he delivered on his promise. He had s...read more

by Katherine Wells

In essence a Ponzi scheme is an investment scam. This con was named after Carl Ponzi, who collected almost $10 million and paid out nearly $8 million in 8 months in 1920s Boston by offering profits of 50% every 45 days. ...read more

by Bob Younce

No, a Ponzi scheme isn't a wacky solution to a difficult situation proposed by two of the main characters on the TV show Happy Days. When you are looking through the various work-at-home opportunities, there is no doubt th...read more

by Paddy K

If this is what it is meant: Some details about PONZI scheme: 1.Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp...read more

by Roberrific

An old sales adage reads if people can be made to believe, they can be sold anything.' A Ponzi (or Pozzi) scheme is a simple investment scam that hides behind the disguise of a new or poorly understood investment instr...read more

by Mike Perry

I like to normally dwell on positive things with money making but it is important that we take care when considering various, so called, investment opportunities and hyped up money making claims. Many frauds and cons ar...read more

by Juan Leer

Assuming that this is a Ponzi Scheme, there are some things that are basic about it and show how it works, and how to know it's fraudulent: - Offers abnormally high returns in a short period of time. This looks great to...read more

by Lady Demure

Have you ever heard of a really great home-based business opportunity?...and all you had to do was pay $19.95 for a "Get Started Packet"? If you ordered such a packet, then you probably found materials which...read more

by Martin W. Schwartz

A Ponzi scheme is an ILLEGAL pyramid scheme desigend to fleece the investor and enrich the person who started it. The U.S. Sceurities and Exchange Commission (SEC) definition is the one used by prosecutors and regulators ...read more