606 spotting a money scam with lessons from the Netflix documentary: The Monster of Wall Street
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How to Spot a Ponzi Scheme Fraud?
Ponzi scheme is named after a dude in the 1920s called Charles Ponzi, an Italian dude. He had tens of thousands of investors and he took billions of dollars from them. These are very highly technical scams that put you in a position where you do trust them. So what I want to talk about today is some of the ways that you can spot a financial fraud. They're not as common as they were but I feel like they're far more intelligent.
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