Avoid A Ponzi Scheme

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Manage episode 250176990 series 1019986
By Jim Ingersoll. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Ponzi schemes are a form of investment fraud that date back to 1919 (and maybe longer ago). What is a Ponzi scheme? How does a Ponzi scheme work and why does it fail every time? How do you identify steps to take? What happens if you begin to find yourself inside a Ponzi scheme? How to Avoid a Ponzi scheme. We discuss this topic with Rich Lennon and share perspectives and opinions but we do not provide legal advice. If you find yourself in a Ponzi scheme you should find a great lawyer to help you.

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145 episodes