You Can't Cheat an Honest Man: How Ponzi Schemes and Pyramid Frauds Work and why They're More Common Than Ever

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Silver Lake Publishing, 1998 - Business & Economics - 354 pages
1 Review
This book takes an investigative look at the reasons why Ponzi schemes and pyramid frauds are thriving today. It closely examines why over 100,000 Americans are suckered into the schemes every year. Using dozens of memorable case studies, from Charles Ponzi's original scam in the 1920s to the elaborate New Era philanthropy fraud of the 1990s, the book scrutinizes the mechanics behind these deceptive plots. It considers the underlying factors, financial and psychological, that pump life into the scams. It also takes a close look at regulatory rules and other legal issues. Most importantly, it describes the modern variations that perpetrators and swindlers use to sell their schemes. Tips are offered to detect schemes and respond when they occur. The book aims to educate consumers and make them aware of how financial scams work.--From publisher description.
  

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Review: You Can't Cheat an Honest Man

User Review  - Nodeer - Goodreads

Really makes you understand how Ponzi schemes work, but it gets awfully repetitive after a while, suffering from an overabundance of case studies and examples. Could've been much better if trimmed down a little. Read full review

Contents

III
19
V
29
VI
39
VII
49
IX
61
XI
71
XIII
87
XV
101
XXIX
203
XXX
217
XXXII
231
XXXIV
243
XXXV
257
XXXVI
273
XXXVII
287
XXXVIII
305

XVII
117
XIX
131
XXI
141
XXIII
155
XXV
167
XXVII
183
XXXIX
319
XL
331
XLI
332
XLII
333
XLIII
334
Copyright

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Page 6 - ... They were all of one class, actuated by the same purpose to save themselves from the effect of Ponzi's insolvency. Whether they sought to rescind, or sought to get their money as by the terms of the contract, they were, in their inability to identify their payments, creditors, and nothing more. It is a case the circumstances of which call strongly for the principle that equality is equity, and this is the spirit of the bankrupt law.

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