Ponzi scheme

Ponzi schemes, it appears, can pop out of anywhere. From the owner of a baseball team, perhaps? The Securities and Exchange Commission (SEC) has charged the Chattanooga Lookouts baseball team owner with “running a massive … Owner of Chattanooga Lookouts accused of running ‘massive Ponzi scheme’ Read More »

Review: Madoff and the Scamming of America – do you want to get a glimpse at the biggest #Ponzi scheme ever? A fun video to watch (in an obtuse way) – Book Review

Let's give the devils their due. Yeah, they've screwed over thousands of innocent people. But some of them had balls the size of hot air balloons and for that, we must salute them. 5 Charles Ponzi Charles 'The Ponz' Ponzi is, quite simply, one of the greate

Zach Horwitz came to Los Angeles hoping to make it in the movies. He ended up running a seven-hundred-million-dollar scam, defrauding a sprawling group of investors, starting with his best friends. Evan Osnos reports.

Stop depending on the stock market and take control of your money with these investment alternatives.

The office door bore an impressive name—the Securities Exchange Company—and during the first seven months of 1920, it made the Niles Building at 27 School Street one of the busiest addresses in Bos…

What is a Ponzi scheme? It's an investment scam that pays returns to investors using their own money or money supplied by later participants, rather than profit produced by the person or company executing the program. Ponzis are called after Charles Ponzi, who made a reputation for himself in the 1920s by employing the method.

A Ponzi scheme is an investment scam where existing investors generate returns via money collected from new investors. The scam was named after Charles Ponzi, an Italian con artist who promised a 50% return within 45 days or a 100% return within 90 days on postal coupons in the 1920s. When something changes hands without a core underlying product or service, it might fall under a Ponzi scheme, thus requiring caution from potential investors.