The Fraudster's Guide to Magic Money
Cautionary Tales with Tim Harford
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Unmasking the 'Hearts' Scheme
This chapter investigates a pyramid scheme disguised as a feminist initiative, revealing the deceptive allure of quick wealth for women entangled in it. Through the story of Sam Israel III and the historical context of the Ladies' Deposit Company, it highlights the fickle nature of financial scams and the consequences for both victims and perpetrators. The narrative serves as a cautionary tale about the intricate web of manipulation in the pursuit of easy money.
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