Chapter
High-yield Investment Programs: AKA Ponzi Schemes
01:26 - 04:13 (02:47)
High-yield investment programs, advertised as a means to deliver unusually high returns on investments, are actually fraudulent schemes that operate as Ponzi schemes, according to Investopedia. These programs are designed to trick investors into investing large sums of money that are ultimately stolen by the organizers.
Clips
In this podcast, the topic of con men during times of chaos is discussed, as well as the host's affinity for movies about grifters and his own personal grifting tendencies.
01:26 - 02:39 (01:13)
Summary
In this podcast, the topic of con men during times of chaos is discussed, as well as the host's affinity for movies about grifters and his own personal grifting tendencies.
ChapterHigh-yield Investment Programs: AKA Ponzi Schemes
EpisodeJacob Wohl And The Krassensteins: A Tale of Several Grifters
PodcastBehind the Bastards
High-yield investment programs, also known as Ponzi schemes, falsely promise extremely high returns on investment, but ultimately end up stealing investors' money.
02:39 - 04:13 (01:33)
Summary
High-yield investment programs, also known as Ponzi schemes, falsely promise extremely high returns on investment, but ultimately end up stealing investors' money. The Krasenstein brothers promoted these schemes through their websites, which were unsuccessful and damaging to investors.