Charles Ponzi didn’t invent his eponymous pyramid scheme — but he lent star power to one of the oldest scams in the book. He also believed that his plan could have become a legitimate business.

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Source:
Post-Madoff, a Greater Awareness of Ponzi Schemes
BEN PROTESS
NYT, November 14, 2011
http://dealbook.nytimes.com/2011/11/14/post-madoff-a-greater-awareness-of-ponzi-schemes/

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Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “Ponzi: Giving Fraud a Bad Name”

  1. The Window Washer says:

    Damn I just started “Ponzi Financial” last week. I guess 100 years isn’t long enough.