A Ponzi scheme "is a fraud intended to mislead investors," said Christina C. Benson, an Elon University associate professor ...

A Ponzi scheme “is a fraud intended to mislead investors,” said Christina C. Benson, an Elon University associate professor ...

Unlike Ponzi schemes, Social Security relies on a real asset, the taxing authority of the government, which in turn relies on ...

If there’s one thing Elon Musk loves more than disrupting industries, it’s disrupting facts. During his recent appearance on ...

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 ...

The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions of dollars in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal ...

In 1920, Charles Ponzi's "get-rich-quick" scheme started out small and legal. He promised investors a doubling of their investments in 90 days, and fulfilled that promise by buying International ...