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Ponzi Gets Busted

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Manage episode 499669389 series 3278906
Content provided by The Retrospectors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Retrospectors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The ‘Get Rich Quick’ scheme pioneered by scamster Charles Ponzi came to an end with his arrest on 12th August, 1920 - but ‘Ponzi schemes’ remain a popular form of swindling to this day.

After promising his victims he could double their money in 90 days, Ponzi was charged with 86 counts of mail-fraud - yet he may not have even initially realized his scheme was illegal.

In this episode, Arion, Rebecca and Olly consider whether Cryptocurrency is the modern-day Ponzi scheme; explain the difference between a Ponzi scheme and a Pyramid scheme; and reveal the ingenious way Ponzi told his Mum he was in prison…

This episode first aired in 2021

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The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.

Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Ollie Peart

Copyright: Rethink Audio / Olly Mann 2025.

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1111 episodes

Artwork
iconShare
 
Manage episode 499669389 series 3278906
Content provided by The Retrospectors. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by The Retrospectors or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

The ‘Get Rich Quick’ scheme pioneered by scamster Charles Ponzi came to an end with his arrest on 12th August, 1920 - but ‘Ponzi schemes’ remain a popular form of swindling to this day.

After promising his victims he could double their money in 90 days, Ponzi was charged with 86 counts of mail-fraud - yet he may not have even initially realized his scheme was illegal.

In this episode, Arion, Rebecca and Olly consider whether Cryptocurrency is the modern-day Ponzi scheme; explain the difference between a Ponzi scheme and a Pyramid scheme; and reveal the ingenious way Ponzi told his Mum he was in prison…

This episode first aired in 2021

Love the show? Support us!

Join 🌴CLUB RETROSPECTORS🌴to DITCH THE ADS and get an additional full-length episode each SUNDAY…

… Plus, get weekly bonus bits, and unlock over 100 bits of extra content.

Join now with a free trial on Apple Podcasts or Patreon and support our show ❤️

The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill.

Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Ollie Peart

Copyright: Rethink Audio / Olly Mann 2025.

Learn more about your ad choices. Visit podcastchoices.com/adchoices

  continue reading

1111 episodes

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