How to Recognize a Ponzi Scheme


Ponzi schemes have been with us since time began. They did not earn that name until Charles Ponzi decided that defrauding people was easier than working for a living. In January 1920 he set up company that offered to double a customer’s money in 90 days. As with all Ponzi schemes the early “investors” were [...]

How to Recognize a Ponzi Scheme2019-12-19T23:14:41+00:00

Lost in the Fraud Triangle


Basketball player and coach Bill Cartwright once said “The triangle is the foundation to an offense”. He meant that as a comment on playing basketball but it is also a way to describe how people turn to fraud. Donald Cressey, a criminologist, wrote about the causes of embezzlement in a 1951 article. His description eventually [...]

Lost in the Fraud Triangle2020-01-15T21:55:46+00:00