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Ponzi Gets Busted
Manage episode 499669389 series 3278906
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.
Learn more about your ad choices. Visit podcastchoices.com/adchoices
1111 episodes
Manage episode 499669389 series 3278906
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
1111 episodes
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