Ponzi Schemes: Because Who Needs Integrity, Anyway?
In the immortal words of the great Ponzi himself: "If it sounds too good to be true, it probably is."
Learn about the Tower of Babel, the Ponzi Scheme's evil cousinHere's an example of a Ponzi scheme in action:
- Step 1: Gather a group of gullible investors
- Step 2: Create a convincing presentation with fake returns
- Step 3: Pay off early investors with other people's money
- Step 4: Declare bankruptcy, blame the "system" and move to a villa in the Swiss Alps