Ponzi schemes, tricks and scams!

Million Bazillion

Marketplace

News, Kids & Family

4.5 • 2.6K Ratings

🗓️ 26 September 2023

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Listener Kaitlyn was talking to her dad about investments and things strayed into the world of Ponzi schemes. Kaitlyn’s wondering what they are and how they work — good question! Bridget and Ryan want to answer Katilyn’s question but the topic conjures up some bad memories for Ryan. Luckily they get some help from Brenda Hammer, lead investigator from Bridget’s favorite show, “Scam Slammers!” Brenda uses her expertise and investigative skills to help Ryan pick out where he went wrong in the past and give some good tips for avoiding scams our listeners (even young ones!) might encounter in their everyday lives.

If your family is interested in learning more about ponzi schemes, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more!

This episode is sponsored by Greenlight. (For a limited time, get $10 when you sign up for a Greenlight account at greenlight.com/MILLION).

Transcript

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0:00.0	Hey, bazillionaires, welcome back.
0:04.7	Today we'll be exploring the shadier side of money.
0:07.4	Scams, frauds, and the dreaded Ponzi scheme.
0:10.4	Time to brush up on some tips for our financial safety.
0:14.5	This season is presented in partnership with Greenlight,
0:17.0	the debit card and money app for kids and teens.
0:19.6	Greenlight helps young people develop healthy financial habits
0:22.4	by learning to earn, save, build credit, and invest.
0:25.8	For a limited time, our million bazillion listeners
0:28.0	can get $10 when they sign up today
0:29.8	for a Greenlight account.
0:31.1	At greenlight.com slash million.
0:33.2	That's greenlight.com slash million.
0:38.4	Hey, Bridget, what you watching?
0:40.0	Oh, just my favorite show, Scam Slammers.
0:42.5	Scam Slammers, what's it about?
0:45.2	Okay, so every week on Scam Slammers,
0:47.4	consumer advocate Brenda Hammer investigates frauds,
0:50.4	malfeasants, rip-offs, which he finds a scam, she slams it.
0:54.2	These unfortunate motorists thought they were buying brand new toys,
0:57.6	but they got scammed.
0:59.5	Turns out these tires weren't made of rubber.
	...

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