|Ponzi in 1920 (Photo credit: Wikipedia)|
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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