Tuesday , 21 September 2021

The Biggest Ponzi Schemes EVER

Ponzi schemes are a type of financial fraud that lures investors by promising abnormally high returns. To help you learn more about these sophisticated crimes, this infographic examines some of the biggest Ponzi schemes in modern history.

The scheme is named after Charles Ponzi, an Italian who became infamous in the 1920s for claiming he could double his clients’ money within 90 days. Since then, numerous Ponzi schemes, in which money brought in by new members is used to pay the scheme’s founders, as well as its earlier investors, have been orchestrated around the globe.

Biggest Ponzi Schemes

 

Editor’s Note:  The original article by Marcus Lu has been edited ([ ]) and abridged (…) above for the sake of clarity and brevity to ensure a fast and easy read.  The author’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.  Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor. Also note that this complete paragraph must be included in any re-posting to avoid copyright infringement.

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