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A Ponzi scheme is a fraudulent investment operation that pays returns to investors from money paid in by subsequent investors. This web page lists historical and recent examples of Ponzi schemes, from the 19th century to the 21st century, with brief descriptions and links to more information.
Learn about the largest Ponzi scheme in history, orchestrated by Bernie Madoff, a former Nasdaq chairman and stock broker. Find out how he defrauded thousands of investors, how he was caught and sentenced, and how his fraud affected the financial world.
A scam, or a confidence trick, is an attempt to defraud a person or group after first gaining their trust. Learn about the terminology, history, stages, and vulnerability factors of scams, as well as the difference between a short con and a long con.
“Personal taxes would remain stable, with corporate taxes possibly dropping from the current 21% to as low as 15%.” Lower taxes mean more money in people’s pockets. But there’s a catch.
Vector Marketing is a company that sells Cutco cutlery via person-to-person demonstrations, mainly to young customers. It has faced criticism and lawsuits for its business practices, such as deceptive recruiting, low pay, and labor violations.
The Inflation Reduction Act of 2022 is a U.S. federal law that aims to lower deficit, drug prices, and promote clean energy. It was passed by Congress and signed by President Biden in August 2022, after negotiations with Senator Manchin.
After the early success of the 15 Percent Pledge initiative, the 15 Percent Pledge Foundation was created as a non-profit organization [7] to urge major retailers to commit 15% of their shelf-space to Black-owned businesses [6] [11] and to build generational wealth in Black communities. [12]
Learn about the types, methods and examples of cybercrime related to cryptocurrencies, such as theft, laundering and terrorism financing. Find out the latest statistics, trends and notable incidents of cryptocurrency theft from exchanges and platforms.