Tag: con artists

  • Ponzi Schemes and Pyramid Schemes: What’s the Difference?

    On this date in 2008, Bernard Madoff was arrested and charged with running a $50 billion Ponzi scheme. Here are some facts about Ponzi schemes, their history and how they work. A Ponzi scheme is a scam where a person or organization pays returns to investors using funds from new investors, rather than from profit […]