Why Do We Call It A Ponzi Scheme?

Charles Ponzi conducted a financial fraud so audacious he became the biggest brand name in crime. Yet most people don’t know what he actually did and those who do are often hard-pressed to explain why it was special. So why, more than 100 years later, do we call so many financial scams a Ponzi scheme? Brian tells the story of a poor boy from Italy whose name is still on the lips of everyone worried they’re about to be made a sucker. BROUGHT TO YOU BY: 110.ScamStuff.com Hosted on Acast. See acast.com/privacy for more information.