What is a Ponzi Scheme?

[HenryBelcaster]

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[mohammedfurqan]

bro literally doubled it and gave it to the next person

[razorsaber]

In another life, he’d have been a banker

[Lolo_]

Actually pretty smart, if he didn’t get reported no one would’ve figured it out.

[snaky_beaky]

Similar thing is with banks. If all people would like to take their money at the same time. Banks couldn't give you your money, cause they use it to give credits etc. to other people

[theelectrix]

I was involved in a Ponzi scheme, and I lost a lot.

[fluidsuspect]

if he'd just been more greedy and only promised a couple percent back per year, he'd have been a bank

[LaughingOrange]

Imagine scheming so hard your name becomes cemented as the name of a whole genre of schemes.

[Alpatrixx]

Him: "Have you ever been in a ponzi scheme?"
Me: "Yes..."
Him: "Me too"
Me: "Hold on a minute..."

[Hellolihfe]

Few things. I heard that the Boston post also stated that Ponzi was a "financial genius", this was before they caught him. 2. He wasn't the first person to pull a Ponzi scheme, but how much money he earnt made the scheme bear his name

[gabyygomez]

Him: "Have you ever been involved in a Ponzi scheme?"

Me: *says nothing*

Him: "Me too, so-"

[samuraibat]

Yeah, I'm involved in one right now. I have to pay into social security even though I'll never see it.

[SciHeartJourney]

Tom Selleck is doing the same thing selling old people on the idea of reverse mortgages. 😡

[riddhirajbhattacharjya]

I wonder who was the first one to actually believe him and give him money

[thetimecapsuleproject]

So its basically “double it and give it to the next person”

[genericyoutuber]

And that's why banks depend on the government to bail them out when everyone withdraws their money.

[Mike--YT]

"As it turns out, Dr. Li's ponzi scheme is actually quite illegal" - ytp outie innie algae by CS188

[ГлебВонгай-пг]

Bro invented "double it or give it to the next person"

[hguvdgshguvzdgs-ziux]

Home: " have you even been involved in a Ponzi scheme? " Me: " no. " Home: " me too "

[LuisAnimate]

Henry: Have you ever been involved in a Ponzi Scheme?

Me: Yes, it involves Lunchables Pizzas.

Henry: Me too...