273: The Biggest Ponzi Schemes of All-Time

After both watching the new Netflix docuseries on Bernie Madoff, Sam and Derek decide to dive deeper into the art of the Ponzi Scheme. They discuss how they came about and go over some of the biggest financial fraud cases in history. This is part one of a two episode run on financial fraud and ponzi schemes. ILAB 274 will feature an expert with tips on how to spot fraud in your investments.

 

Discussed: 

Watch Madoff: Monster of Wall Street on Netflix

Where we are:

Johnny FD – Phuket, Thailand / IG @johnnyfdj Sam Marks – Bangkok, Thailand / IG @imsammarks Derek – Los Angeles / IG @DerekRadio

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Time Stamp:

06:49 - What's Considered a Ponzi Scheme? 08:11 - Charles Ponzi 12:11 - Enron 20:15 - Tom Petters 27:54 - Allen Stanford 31:25 - Bernie Madoff

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