Charles Ponzi, an Italian, immigrated to the United States in 1903. I have done various jobs in America, including painting. From 19 19, Ponzi came to Boston to hide his history, designed an investment plan and sold it to the American public.

On the one hand, Ponzi is financially mysterious, on the other hand, he has set a huge bait. He claimed that the investment could get a 40% return within 90 days, so "investors" followed suit in large numbers.

1920 In August, Ponzi went bankrupt. The money he received, according to his promise, can buy hundreds of millions of European postal orders. In fact, he only bought two. Since then, "Ponzi scheme" has become a special term.

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The essence of fraud:

Ponzi scheme is also called "robbing Peter to pay Paul" and "empty gloves and white wolves" in China. The essence of Ponzi scheme is to pay the investment of the latter round of investors as investment income to the previous round of investors, and so on, so that more and more people and funds are involved.

After all, investors and funds are limited. When investors and funds are unsustainable, Ponzi scheme will inevitably collapse suddenly. In fact, Ponzi scheme exists widely in human economic activities.