PREVIEW

... mployed an incredible investment technique that promised consistent, high returns. The method? Using the money from new investors to pay the old ones.

Of course, Ponzi wasn’t the first to pull off the trick of robbing Peter to pay Paul. But his brilliance lay in systematizing and modernizing the scheme—transforming it into something scalable.

Everyone learned the technique named after him and came to love it. Even now, decades later.

But there was one problem with it: tho ...

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