ONE hundred and fifty years after Charles Dickens wrote in Little Dorritt about London investors succumbing to the fraudulent investment schemes of Mr. Merdle’s bank, trusting victims are still ...
Related episodes: Charles Ponzi's scheme For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at plus.npr.org. Fact-checking by Sierra Juarez.
Ponzi schemes derive their name from Charles Ponzi, a prominent promoter of such a scheme in the early twentieth century. The U.S. Supreme Court has recounted “the remarkable criminal financial ...
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