Ponzi Gets Busted

The ‘Get Rich Quick’ scheme pioneered by scamster Charles Ponzi came to an end with his arrest on 12th August, 1920 - but ‘Ponzi schemes’ remain a popular form of swindling to this day. After promising his victims he could double their money in 90 days, Ponzi was charged with 86 counts of mail-fraud - yet he may not have even initially realized his scheme was illegal. In this episode, Arion, Rebecca and Olly consider whether Cryptocurrency is the modern-day Ponzi scheme; explain the difference between a Ponzi scheme and a Pyramid scheme; and reveal the ingenious way Ponzi told his Mum he was in prison… This episode first aired in 2021 Love the show? Support us! Join 🌴CLUB RETROSPECTORS🌴to DITCH THE ADS and get an additional full-length episode each SUNDAY… … Plus, get weekly bonus bits, and unlock over 100 bits of extra content. Join now with a free trial on Apple Podcasts or Patreon and support our show ❤️ The Retrospectors are Olly Mann, Rebecca Messina & Arion McNicoll, with Matt Hill. Theme Music: Pass The Peas. Announcer: Bob Ravelli. Graphic Design: Terry Saunders. Edit Producer: Ollie Peart Copyright: Rethink Audio / Olly Mann 2025. Learn more about your ad choices. Visit podcastchoices.com/adchoices