Cautionary Tales with Tim Harford cover image

The Fraudster's Guide to Magic Money

Cautionary Tales with Tim Harford

CHAPTER

The Pitfalls of Financial Scams

This chapter explores the operation of the Ladies' Deposit Company and the mechanics of financial scams, highlighting the 'snowball effect' that leads to their inevitable collapse. Through the lens of stories like Sarah Howe's and Julia's, it reveals the emotional turmoil faced by perpetrators and the dangerous allure of pyramid schemes.

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