Ponzi vs. Pyramid Scheme: What’s The Difference?

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While con-artist sound like they belong in the past, many modern charlatans trick victims with ponzi schemes. So what is a ponzi scheme?

Learn More:
NPR: Defining ‘Ponzi Scheme’
http://www.npr.org/sections/money/2008/12/defining_ponzi_scheme.html

Investopedia: What is a ‘Ponzi Scheme’
http://www.investopedia.com/terms/p/ponzischeme.asp

The New Yorker: Donald Trump, Con Artist?
http://www.newyorker.com/science/maria-konnikova/donald-trump-con-artist

Business Insider: 5 Years Ago Bernie Madoff Was Sentenced to 150 Years In Prison – Here’s How His Scheme Worked
http://www.businessinsider.com/how-bernie-madoffs-ponzi-scheme-worked-2014-7

Music Track Courtesy of APM Music: “Ephimeral”

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