Ponzi Scheme

Lou Pearlman was a name once associated with the rise of boy bands like *NSYNC and the Backstreet Boys, but his legacy is far more notorious for orchestrating one of the largest Ponzi schemes in history. The scope of his financial fraud left thousands of investors, companies, and banks reeling from devastating losses. What followed […]

A Ponzi scheme is a type of investment scam where returns are paid to earlier investors using the capital of newer investors rather than from profit earned by the operation of a legitimate business. Named after Charles Ponzi, who orchestrated such a scam in the early 20th century, Ponzi schemes create the illusion of a […]