What Is a Ponzi Scheme? | Scammed | Real Crime

Make sure you subscribe to get your regular crime fix: youtube.com/c/RealCrime In the early 20th century a man scammed people out of their savings through an elaborate plan that is now referred to as a Ponzi scheme. This scheme is still used today, and in this episode of Scammed, you will find out how a Ponzi scheme works and the devastation and loss it can cause too many innocent people who are manipulated into investing. From Scammed Content licensed from CanaMedia. Any queries, please contact us at: realstories@littledotstudios.com