Business Engagement and Transformation

Ponzi and the Red Pill

The Ponzi scheme was named after the world’s first (probably not) great fraudster, Charles Ponzi, and his ‘Mail Reply Coupon’ fraud from the 1920s. An incredible scheme that provides the opportunity for new investors’ money to be used to pay the dividends for the early investors, thus perpetuating the myth of exponential growth. The trick to winning with a Ponzi scheme is to be the one who starts it, but of course that is illegal. Many things in this world that look too good to be true, are often Ponzi schemes. (more…)