In fact, it is the most common form of scam where people are deceived with promises of big winnings. “Ponzi scheme” It is known as. In short, a Ponzi scheme is a fraud method in which money is taken from new investors and distributed as dividends to old investors.

In this system There are no real investments or profits involved and the sustainability of the system depends on the continued inclusion of new investors into the system.

It gets its name from the people who used this method in the 1920s. By Charles Ponzi Let’s take a quick look at the most notable fraud stories using this method.

Let’s start by examining the beginning of the legend with Charles Ponzi.

In 1920, Charles Ponzi attracted investors who dreamed of getting rich quick by promising high profits through reply coupons in the mail. millions of dollars he had collected.

Although people entrust all their assets to Ponzi, believing that their money will double in a few months, Ponzi’s scheme is actually money from new investors to old investors It was nothing but payment.

This scam didn’t last long and the fake empire that Ponzi built It collapsed in a short time.

However, this short-lived fraud made the Ponzi name history and similar frauds followed. be called by name as long as.

Bernard Madoff followed in Ponzi’s footsteps and nearly 90 years later committed one of the biggest frauds in history.

Bernard Madoff Another named scammer pulled off one of the largest Ponzi schemes in history.

Madoff has been one of his investors over the years. billions of dollars raised and gained their confidence in the process.

But in reality, what Madoff did was righteous was to distribute the new money among old investors and this massive fraud turned the lives of hundreds of thousands of people upside down, and Madoff went down in history as one of the greatest fraudsters in history.

Ant farms in China are also one of the most notable!

In this incident in China Wang Zhendong The said person convinced investors that they could make huge profits by breeding ants and promised that people could easily become rich by purchasing ant breeding kits.

Cheek with this fraud billions of dollars raised However, this plan was eventually exposed and Wang was brought to justice.

In summary, Ponzi scheme This method of fraud, also known as fraud, is a method that has caused great losses to people throughout history by taking advantage of their dreams of becoming rich easily.

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