You Won't Believe This Scam! The Original Ponzi Scheme #pyramidscheme #antimoneylaundering

In the 1920s, Charles Ponzi convinced people he could get rich quick with discounted postage coupons. But what was his secret?
#ponzischeme #scams #history
Have you ever heard of a Ponzi scheme? It's a scam where early investors are paid with money from later investors. But where did this term even come from?Well, it all started with a guy named Charles Ponzi. In the 1920s, Ponzi promised investors a crazy high return on their money. He claimed he could buy discounted postage coupons in Europe and redeem them for more in the US.But here's the twist: there were no coupons! Ponzi was just using money from new investors to pay off the old ones. It was a house of cards, and eventually it came crashing down.Ponzi's scheme ran for over a year, but it all fell apart when people stopped investing. Investors lost millions of dollars. So how do you avoid becoming a Ponzi scheme victim? If something sounds too good to be true, it probably is. Do your research and never invest in something you don't understand.Subscribe for more.

Welcome to "How Well You Know," the ultimate destination for trivia enthusiasts and knowledge seekers! 🧠🌟

🔍 Dive into a world of mind-boggling facts and captivating insights with our trivia-packed YouTube channel. We're your go-to source for intriguing, fun, and thought-provoking nuggets of information that will leave you amazed.

🌐 Explore a wide array of topics, from history and science to pop culture and the bizarre, all brought to life with engaging visuals and expert storytelling.

🤯 Did you know that honey never spoils? 🍯 Or that the Great Wall of China is not visible from space? 🚀 We uncover such hidden gems and debunk myths that will challenge what you thought you knew.

🤓 Whether you're a trivia whiz or just looking for conversation starters, our videos are designed to inform, entertain, and spark curiosity. You'll be the life of the party with our amazing trivia tidbits!

🎯 Key Features:
✨ Mind-Blowing Facts
✨ Frequent Uploads
✨ Topical Playlists
✨ Quizzes and Challenges
✨ Interactive Community

🔔 Hit that notification bell to stay updated on our latest discoveries and join our growing community of trivia aficionados.

🔗 Don't forget to like, share, and subscribe to "Fascinating Facts Unleashed" for your daily dose of knowledge that's bound to impress your friends and make you the trivia champion you were born to be!

[TURTLEoooo]

Ive heard of one. Its called social security