The Ponzi Scheme turns 100 #infographic

The Ponzi Scheme turns 100 #infographic

Imagine reading about an opportunity that has consistently strong returns. So, FOMO (fear of missing out) sets in and your savings are wasted. Your uncle says, "I just got a 50 percent return on an investment in postal coupons." Months later, the investment is exposed as a scam and you lose your initial deposit, along with the assumed revenue.

Will this sound farfetched? Yeah, that happened when in 1920 in Boston, Charles Ponzi defrauded thousands of Americans. Unfortunately, it wasn't the first or the last time this kind of scam occurred. In this article, we explain how a Ponzi Scheme works, countdown 10 of the biggest Ponzi Schemes ever by estimated money taken) and mention how you can find one of these scams!


The Ponzi Scheme turns 100 #infographic

infographic by: www.comparethemarket.com.au

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