No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run. Download Download Share on Facebook Share on Twitter Rotate quotes money people ponzi
We've suffered a 'Ponzification' of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time. Mitchell Zuckoff actbubblebuild Change image and share on social
My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam. Mitchell Zuckoff favoriteinvestorlam share on social
Sending a book out into the world is a lot like sending your child to the first day of kindergarten. You hope the other kids play nice and that she makes friends. Mitchell Zuckoff bookchildday Change image and share on social
You make your first album, you make some money, and you feel like you still have to show face, like 'I still go to the projects.' I'm like, why? Your job is to inspire people from your neighborhood to get out. You grew up there. What makes you think it's so cool? Jay-Z albumcoolface share on social
A typical Ponzi scheme involves taking money from investors, then paying them off with money taken from new investors, rather than paying them from actual earnings. Amy Goodman actualearningsinvestor Change image and share on social