logo
episode-header-image
Jun 2022
3m 44s

05 - Charles Ponzi, the pioneer - Legend...

STUDIO MINUIT
About this episode

We often hear the term Ponzi scheme without knowing exactly where it comes from. A Ponzi scheme - named after its inventor in 1920s Boston - is a financial arrangement that attracts customers whose investments are used to pay the originators and first members, thus creating a fraudulent cycle. As long as subscriptions increase, the deception is covered, but as soon as the income from the new victims is not enough to pay back the clients, the system collapses...

Learn more about your ad choices. Visit megaphone.fm/adchoices

Up next
Jun 2022
06 - Bernard Madoff, the master - Legendary Crooks, True Stories
On April 14, 2021, in the federal prison in Butner, North Carolina, an 82-year-old inmate died. This man is Bernard Madoff, one of the greatest swindlers in history, the mastermind of the most elaborate Ponzi scheme. The businessman was at the head of one of the main investment c ... Show More
3m 52s
Jun 2022
07 - The Enron scandal, water in the gas - Legendary Crooks, True Stories
An American company specializing in the production and transportation of gas, it was founded in 1985 by Kenneth Lay, a former member of the Reagan administration and close to Republican Party heavyweights like Bush, father and son. In the 1990s, deregulation of the energy market ... Show More
4m 51s
Jun 2022
08 - Frank Abagnale Jr, catch me if you can - Legendary Crooks, True Stories
Made famous in the eyes of the general public thanks to his interpretation by Leonardo Di Caprio in the film "Catch me if you can" directed by Spielberg, Frank Abagnale is a genius imposter. Moreover, he has the particularity to have reconverted himself in the anti-fraud council! ... Show More
4m 49s
Recommended Episodes
Dec 2023
Lights, Camera, no Action: Netflix Scammers
Join us for the tale of two men who soaked the streamers for projects that just didn't exist. But hey, the movie business is built on dreams, hype, and money. Con artists thrive on dreams, hype, and money. A match made in Hollywood!See omnystudio.com/listener for privacy informat ... Show More
55m 51s
Jan 2025
CLASSIC: Conspiracies and Crime: The World's Biggest Heists
Everyone loves a good heist film -- but how accurate are they? Join Ben and Matt as they delve into the stories of modern history's biggest heists, actual criminal conspiracies carried out across the world to steal millions of dollars' worth of loot. Who got caught? Who got shot? ... Show More
1h 4m
Jul 2019
Welcome to Con Artists!
Parcast’s Original Show, Con Artists, peeks behind the masks of hustlers, swindlers, and Nigerian Princes. We’ll dive into their psychology, and teach listeners how to spot a con. Every week tells the story of a different scammer, someone like Gregor MacGregor, who sold investmen ... Show More
3m 26s
Aug 2017
How Do Con Artists Keep Fooling Us?
<p>America has a soft spot for scoundrels. From the (evil) genius who kept selling the Brooklyn Bridge to foreigners to the original snake oil salesman, we race through history's most legendary cons and discover why Denver was the Florence of the Con-Man Renaissance. Featuring Ma ... Show More
46m 12s
Oct 2022
Real House Burglars of the UK: The Heist
This is the true story of five strangers picked to target a mark, work together, and have their lives taped to find out what happens when people stop criming in secret...and start getting loot for the sake of entertainment.See omnystudio.com/listener for privacy information. 
55m 55s