What is a Ponzi Scheme? - Cheddar Explains

Investment fraud has been present throughout Wall Street history starting with Charles Ponzi himself. In more recent years you have heard the name, Bernie Madoff, for running one of the biggest ponzi schemes in recent history. Learn what a ponzi scheme is and more on Cheddar Explains.

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[alidasoo]

The irony of me getting a gambling ad on this video is hilarious

[The_A_Cast]

His sons ratted him out?
He must’ve wrote them out of the will or something.
Just goes to show that a secret between 3 people is safe as long as 2 are dead.

[JP]

I heard of a similar fraud to this but instead of having a 'make believe' investment - the people running the scheme put clients money into a real investment. They told the investors that they had made 7% on their investment whereas it had actually had a 10% return. The people running the scheme pocketed the difference which of course ran into millions.

[donhulbert]

That old saw: if it sounds too good to be true, it is too good to be true.

[knightwing]

You know what is kinda pathetic? That a video by the "leading 'post-cable' network" only gets 105 views in a few days. With that said, the video itself isn't that bad.

[spencerrhodes]

Madoff's own sons turned him in... That's the messed up part of the story.

[alittleolder]

I had an ad before this video promising me 1000s of 1000s of $$$ with minimum Investment. And many happy clients. I really don't know how people can still fall for this kind of thing. I guess desperation would be one of the reasons. Same reason you play the lottery. Which probably has a better ROI than one of this Schemes. Great Video.

[Kenz]

New pozi is called multi network marketing

[jamescrowley]

Must be nice to play monopoly with actual properties

[waspwrap]

1:29 I have a question to ask, if Ponzi was making money from the exchange rate of stamps, why did he need the money of new investors?

[willgoat]

The most ironic part about this video is that I just got an ad saying how they invested in a no risk scheme and how I should to lol

[johannesahlback]

02:24 Is the reporter really named Lauren LaPonzina? He, he!

[emilieloveskiwi]

I still don't understand how it works and why it's illegal and how the people doing it are making money...

[ivornworrell]

@02:00 was the 64.80B-$$ real (paper) money, or was it just a book value like if u show a net-profit of say a million-$$ but in reality u dont have no money bcz the cash account is dried-up?

[avirei]

How do people keep getting away with this how is no one catching this before it gets that far what in the

[suprithAnCom]

Please make video about MLM scam, (ebiz in India's and Amway I'm us)

[scootdingerman]

Sounds like LITERALLY every cryptocurrency. No exaggeration, this is what nfts are, and this is kinda what Bitcoin is (expect Bitcoin is a really successful one, but still a ponis scheme).

[ozthebeeman]

Man this is like those ads that are like do you want to make money when the entire market clopases and I'm like oh ye you just have to be the reason it all colpases

[camcappe]

Stock photo sites are a ponzi scheme but with photos.

[LeadTheMartyrs]

I’ve just had a family member do this very similar thing to me. Is it possible to get your money back?