Famous Ponzi Schemes

A Ponzi scheme is a system of investment in which older investors are paid returns with the investments of newer investors. Because there is no real business behind the model, Ponzi schemes collapse when there are not enough new investors to pay the returns. This is a look at some of the post famous Ponzi schemes in history. Hat tip: Neatorama

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List added by magellan on 12/22/2008
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