Charles Ponzi - the father of Ponzi schemes - redux

Ponzi schemes are one of the most famous types of financial fraud, promising big returns but often leaving investors with huge losses. But where did the term “Ponzi scheme” come from, and how do these scams work? Skip Montreux and Samantha Vega discuss the history of the Ponzi scheme and its infamous founder, Charles Ponzi. They explore how Ponzi scammed investors in the early 1920s with promises of guaranteed returns using international postal reply coupons. Skip explains how Ponzi’s business plan quickly fell apart when the press and authorities began investigating, causing panic among investors.  D2B 342 offers a fascinating look at how Ponzi schemes started and how they work, shedding light on one of the biggest financial scams in history. It’s an essential episode for anyone who wants to understand how to spot these kinds of frauds and avoid falling victim to similar scams in today’s world. Do you like what you hear? Become a D2B Member today for to access to member-only episodes, our --NEW!!! -- INTERACTIVE AUDIO SCRIPTS, PDF Audio Script Library, Bonus Vocabulary episodes, and D2B Member-only episodes. Visit d2benglish.com/membership for more information.