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    • jimrosecircus-GODFATHER of MODERN FREAKSHOW

      Charles Ponzi, famed for his money frauds in the 1920's

    • Kathy

      Don’t be fooled! People will try to convince you that something is only a Ponzi Scheme if it offers HUGE returns. If you were promised 50% and get zero return or were promised 2% and get zero return… ZERO IS STILL ZERO! Governments should be restricted from promising interest paid on debt; especially, when they have no means to produce a profit. So, there is a big CHECK on indicator #1, no profitable activity. How about using new debt to cover old debt? Yep, 2 out of 3

    • Karen Stephenson

      Charles Ponzi was an Italian businessman & con artist in the U.S. & Canada. He became known in the early 1920s as a swindler for his money making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States. In reality he was paying early investors using the investments of later investors. This type of scheme is now known as a "Ponzi scheme".

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