Incredible con-artists, liars, cheats, fraudsters, scammers and more: each week we will take you through a different true case of deception from how the lie began to how they managed to pull it off, and how (or if) they were eventually caught. Twitter: @connedcast Instagram: @connedcast Website: connedcast.com
'Ponzi Schemes' are sadly not uncommon. They are one of the biggest and most serious forms of corporate fraud, but what are they? And who is 'Ponzi' that they have come to be named after?
In the early 1900s Charles Ponzi was a charasmatic Italian desparate to get rich by any means possible.
After a few failed businesses (and a few stays in prison) Ponzi discovered a genuinely clever way to make money but allowed anyone and everyone to invest. His company grew quickly and rapidly out of control, until eventually the bubble burst.
Filetype: MP3 - Size: 30.77MB - Duration: 22:06 m (192 kbps 48000 Hz)
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