But what is a Ponzi scheme? And why does it bear this name? First, you need to know a little bit about its namesake, Charles Ponzi. Anyone can work a simple swindle, but you have ...

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

Robert Kiyosaki is a well-known personal finance guru, famous for being the author of “Rich Dad Poor Dad.” In a recent blog post, Kiyosaki discussed the dangers of Ponzi schemes and how to protect ...

To further reduce public confidence in the system, Musk has tried to diminish service quality through staff reductions and ...

Recently, one of our national dailies reported with a bold headline: "EFCC Exposes 58 Ponzi Scheme Operators in Nigeria." ...

(WJAR) — Charles Ponzi would have turned 144 years old this week. Bentley University professor and creator of scamicide.com Steve Weisman says, even now – several decades after his death ...

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

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 ...