A quick lesson in Ponzi schemes

A quick lesson in Ponzi schemes
Ponzi scheme namesake Charles Ponzi 
with his greatest practitioner, 
Bernie Madoff

What’s a Ponzi scheme? Get a quick intro in this 12-minute colorful blackboard video that shows how the money moves. It’s from Khan Academy, which offers loads of free instructional videos.

Ponzi Schemes

Khan Academy>> 

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