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Is the ponzi scheme named after Charles ponzi or carl ponzi?

In: Companies, Ponzi Schemes [Edit categories]

Answer:

Charles Ponzi. He invented the pyramidal system in the 20ies in Boston.

The concept is to pay the interests to the first investors with the money the new gives you. It actually works until there are not enough new investors to pay the interests.

Ponzi promised a 50 % interest for a 3 months investment.

First answer by Crisdean. Last edit by Crisdean. Contributor trust: 114 [recommend contributor ]. Question popularity: 4 [recommend question].

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