Part 1/9:
The Legacy of Ponzi Schemes: A Century of Fraud
The evolution of Ponzi schemes over the past century is a stark reminder of how the allure of quick riches can lead to devastating consequences for investors. The name Ponzi is now synonymous with fraudulent practices in financial markets, starting with Charles Ponzi himself in 1920. This article explores the history of Ponzi schemes, their notorious practitioners, and some of the most bizarre schemes that have emerged in recent years.