UK True Crime Podcast cover image

The South Coast Ponzi Fraud: Episode 02

UK True Crime Podcast

00:00

Wilson's Ponzai Scheme

Ponzai schemes had been around since the 18th century, but a named after Charles Ponzi. He collected more than $8 million for about 30,000 investors in just 7 months before the scheme collapsed. As long as people continue to invest, their detection can be difficult and take time. However, when future investment dries up, the whole charade quickly collapses.

Play episode from 04:56
Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app