If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on ...
Speed 00:01 00:00 Network error while downloading (NETWORK_ERROR) Crypto scams are a new twist on the age-old Ponzi scheme. ...
Related episodes: Charles Ponzi's scheme For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez.
Charles Ponzi started a legitimate venture in 1919 related to buying postage stamps in one place and selling them at a higher price in another location. This process was legal. At some point ...
Ponzi schemes derive their name from Charles Ponzi, a prominent promoter of such a scheme in the early twentieth century. The U.S. Supreme Court has recounted “the remarkable criminal financial ...