My swanky padlet by Jayden Silver _ Student - WakefieldHS

The Ponzi Scheme

jasilver — 2024-05-28 11:56:46 UTC

What is was

jasilver — 2024-05-29 01:20:19 UTC

The Ponzi scheme was a investment scheme that involved investors being paid with money from new investors. The person who started this type of scheme was Charles Ponzi in the early 20th century in the U.S. He payed his investors early using the money he would get from future investors creating the illusion of easy profit.

Marketing and Media

jasilver — 2024-05-29 01:27:32 UTC

Ponzi and others who have scams like these often use word of mouth to market there scheme,often having the people already in it spread the info to there friends with the goal of getting as many people as possible. The also market it as a easy way to guarantee lots of money in order to attract more people. Some schemes my even try to pressure people into making a quick decision creating a since of scarcity in the moment clouding peoples judgment. Media coverage is the best things these scammers could ask for as it creates free promotion and credibility.

Fraud

jasilver — 2024-05-29 02:25:12 UTC

Ponzi faberacted the true value of what his stocks where really worth y saying they could earn things like real estate or foreign exchange. He also had falsified financial statements the exaggerated how much Ponzi was actually earning.

Protection for the Futuer

jasilver — 2024-05-29 02:53:43 UTC

I think that a scam like this would be very unlikely to happen in the future mainly due to a few reasons. For one more people are educated on investments and how they work as well as potential scams like this one. There have also been more organizations like the FCA and the SEC that have been created to regulate and insure that things like this dont happen. There is also the fact the the government has also made asset recovery plans.