After both watching the new Netflix docuseries on Bernie Madoff, Sam and Derek decide to dive deeper into the art of the Ponzi Scheme. They discuss how they came about and go over some of the biggest financial fraud cases in history. This is part one of a two episode run on financial fraud and ponzi schemes. ILAB 274 will feature an expert with tips on how to spot fraud in your investments.
Discussed:
Where we are:
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Time Stamp:
- 06:49 - What's Considered a Ponzi Scheme?
- 08:11 - Charles Ponzi
- 12:11 - Enron
- 20:15 - Tom Petters
- 27:54 - Allen Stanford
- 31:25 - Bernie Madoff
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