Pyramid Schemes 101: A Guide to Not Being a Fool

Ch. 5: Trading without a License (a.k.a. Bernard Madoff's Greatest Hits)

Warning: Don't be a Madoff. This section is for entertainment purposes only. Do not attempt to replicate the schemes described herein, as they are likely to land you in a world of legal trouble.

Rule 1: Don't be a Charlatan

Madoff's Ponzi scheme relied heavily on fake returns and fake promises. Don't be a snake oil salesman.

Next: Ponzi Scheme Red Flags

Rule 2: Be a Charlatan

Wait, no, that can't be right. Just kidding. Don't be a charlatan.

Next: No Returns, Please
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