
Bonus: The fraudster's guide to magic money with Tim Harford
Unhedged
Uncovering the Deceptive Nature of Investment Schemes
This chapter explores the intricate workings of Ponzi schemes and pyramid schemes, shedding light on the deceptive practices used to lure in investors. From Sarah Howe's experience to the chaos of Sam Israel's scheme, the narrative reveals the inner workings of fraudulent investment activities. It also delves into the challenges of differentiating between legitimate investments and schemes in a capitalist economy, drawing parallels between market bubbles and Ponzi schemes.
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