Ponzi Scheme: How Fraudsters Exploit Trust and Greed
The Ponzi scheme remains one of history’s most seductive financial frauds. Named after Charles Ponzi, who orchestrated a $6 million swindle in 1920s Boston, these schemes lure investors with promises of unusually high returns. Unlike pyramid schemes, Ponzi frauds focus on attracting new investors to pay earlier ones rather than recruiting a large downline. The…