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Show Notes
What is a Ponzi scheme?
You may have seen the recently released Netflix documentary about the Tinder Swindler, Simon Leviev, or Shimon Hayut to give him his birth name. Between 2017 and 2019s, he conned a series of women out of their money, extorting nearly $10M in total. Leviev’s criminal activity is an example of what’s known as a Ponzi scheme. This form of fraud is named after Charles Ponzi, an Italian conman who operated in North America in the 1920s.
How do these scams work then? Can you tell me more about Charles Ponzi himself? How can I avoid falling victim to a Ponzi scheme then? In under 3 minutes, we answer your questions!
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A podcast written and realised by Joseph Chance.
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