History !!! Lesser-Known Ponzi Schemes from History

What do you think of when you hear the phrase “Ponzi scheme”? For most of us, especially in this day and age, the story of Bernie Madoff comes to mind. In even more contemporary times, your mind might run across a story like that of Sam Bankman-Fried, the now-disgraced founder of FTX who bilked billions from unsuspecting investors in a deeply complicated scam. Or perhaps if you’re a history buff, you’ll think back to Italian con artist Charles Ponzi, who was so prolific at scams and schemes back in the 1920s that he lent his name to the phrase we still use a century later. #History #facts #Febspot #Cryptocurrencies