How Ponzi Schemes disguise themselves

Ponzi in 1920 (Photo credit: Wikipedia)

Ponzi schemes have plagued human existence for nearly 100 years, and it proliferated ever since due to better communications. They have managed to survive due to disguises they adopted thus avoiding detection until it's too late for the victims.

Just in April 2012, the self-proclaimed "youngest black CEO in publicly traded company", Ephren Taylor III, was charged by SEC as peddling a ponzi scheme to black churches and black investors.

And who can forget Bernard Madoff's "largest Ponzi in US history", involving 170 BILLION dollars over 20+ years.

Every day you hear about even more Ponzis, from small ones (a couple guys got cheated out of a few hundred thousand) to big ones like Alan Stanford who may have bribed an entire island.

What makes Ponzi schemes so resistent to detection?

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