Ponzi for a Purpose

Everybody knows what a Ponzi is – robbing Peter to pay Paul. This pyramid system of fraud, which offers quick and often generous returns to investors using the money of other investors remains recent, both in history and memory, with Bernie Madoff’s US$50 billion Ponzi scheme and the widespread global shocks and aftershocks it generated. The idea is not new. In 1857, Charles Dickens set … Continue reading Ponzi for a Purpose