How Ponzi Schemes Work

Stuff You Should Know

iHeartPodcasts

Society & Culture

4.5 • 82.7K Ratings

🗓️ 9 April 2009

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

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Summary

There's been a lot in the news about Ponzi schemes lately. How do they work? And who's Ponzi? Check out this podcast from HowStuffWorks.com to discover how an Italian immigrant created a classic con that's still fleecing investors today.

Transcript

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0:00.0	There's so much news happening around the world that we're somehow supposed to stay on top of.
0:05.7	That's why we launched The Big Take.
0:08.3	It's a daily podcast from Bloomberg and I Heart Radio that turns down the volume a bit
0:14.0	to give you some space to think.
0:16.4	I'm Wes Kosova.
0:17.7	Each weekday I dig into one important story and talk about why it matters.
0:23.6	Listen to The Big Take on The I Heart Radio App, Apple Podcasts or wherever you listen.
0:30.4	Brought to you by the reinvented 2012 Camry.
0:33.3	It's ready for you.
0:35.8	Welcome to Stuff You Should Know from HouseofWorks.com.
0:45.8	Hey and welcome to The Podcast.
0:47.5	I'm Josh Clark.
0:48.6	Chuck, say hi.
0:49.7	Hi, welcome people.
0:51.1	This is Stuff You Should Know.
0:52.8	Indeed.
0:53.8	Chuck's got his little jug of vodka.
0:55.8	I got my fresca and we were ready to go, right Chuck?
0:58.8	No, I don't drink vodka.
1:00.2	Lier Chuck.
1:01.2	Chuck, do you know how we have these web logs now?
1:04.6	There's like a Stuff You Should Know web log?
	...

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