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The historical past of the Ponzi scheme, and the story of Charles Ponzi, the monetary fraudster who grew to become wealthy and notorious along with his Ponzi rip-off that claimed individuals might get wealthy fast due to the arbitrage of IRCs. Ponzi promised very excessive returns to buyers and shortly thousands and thousands of {dollars} have been being invested by these trying to get wealthy as quick as potential. Think about doubling your cash with an funding in 90 days, and getting cash with no work. Properly, it sounds too good to be true, as a result of it was…
However there was a time when the monetary world marvelled on the monetary genius of Charles Ponzi, the person who was answerable for one of the profitable enterprise investments in America. He had thousands and thousands of {dollars} at his disposal and crowds of individuals lining up actually begging him to take their cash. Little did everybody know that Ponziâs enterprise was constructed on nothing however lies. The entire thing was an outrageous rip-off, one which turned Ponzi into a really wealthy man, however ruined the lives of 1000’s of harmless individuals. Ponziâs deception was so surprising and notorious that even now, 100 years later, the rip-off nonetheless shares his identify – the Ponzi scheme.
This video is the untold reality of the person behind the rip-off, Charles Ponzi – and how one can make thousands and thousands of {dollars} with nothing however lies. That is a part of MagnatesMedia’s sequence on monetary fraudsters and get wealthy fast schemes – try my video on Jho Low: The person who robbed a whole nation for the primary episode! #cash #wealthy #rip-off #documentary #ponzi #finance #enterprise #wealth #getrichquick #makemoney
00:00 Intro to The Ponzi Story
00:48 Chapter 1: Residing Past His Means
02:24 Chapter 2: A Wake-up Name
05:17 Chapter 3: Again in America
10:06 Chapter 4: The Ponzi Scheme
14:13 Chapter 5: Highs and Lows
17:55 Chapter 6: The Dream Is Over
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