Three Key Ingredients of Charles Ponzi’s Scheme
Lecture no. 5 from the course: Crashes and Crises: Lessons from a History of Financial Disasters
Taught by Professor Connel Fullenkamp | 12 min | Categories: The Great Courses Plus Online Economics & Finance Courses
Analyze the three ingredients that the Ponzi scheme introduced and are common among investing scams: a very charismatic, or intelligent—and often both—leader; an overlooked opportunity; and proof that other people seem to have made lots of money by investing with this person.