What is a Ponzi Scheme?
Update: 2021-04-16
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This week’s episode: What is a Ponzi Scheme? We look at how an Italian immigrant became the namesake for one of the most deceiving investment practices in history; and he did all with stamps. How do these scenarios play out in real life?
Plus-this week the master of all Ponzi Schemes, Bernie Madoff, passed away. We’ll get into how his scheme worked, who it hit the hardest, and how he got caught. Also, this week in the markets, vaccines are not the only shot in the arm the US government is using to boost the economy.
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