His sons ratted him out? He must’ve wrote them out of the will or something. Just goes to show that a secret between 3 people is safe as long as 2 are dead.
I heard of a similar fraud to this but instead of having a 'make believe' investment - the people running the scheme put clients money into a real investment. They told the investors that they had made 7% on their investment whereas it had actually had a 10% return. The people running the scheme pocketed the difference which of course ran into millions.
The excomponent's name for the new investers to add "growth" to is called "bond". And stocks, car titles, and mortgages are popular "bonds" in this math formula. The sad part is, our retirement payments makes the best "new invester's" excomponent in the ponzi scheme math equation. We are forced to put our retirement savings in overvalued bonds. While the previous invester takes the money. We all cannot save for a one star retirement and receive a two star retirement. This is ponzi scheme math. Rich people say its "their money". When the truth is, the only new investers is the money coming from a paycheck. That paycheck saving for a retirement. The new invester in the ponzi scheme math equation is the workers saving for retirement. And the government deficit spending on a profitable government project is the source of the new money. The government employees saving for retirement from deficit spending government funded projects. But these government bonds must have a return on investers. For example. Hoover Damn sells electricity to pay for its self. (Only principal). No interest. That would cause inflation. It would make the electricity too expensive.
You know what is kinda pathetic? That a video by the "leading 'post-cable' network" only gets 105 views in a few days. With that said, the video itself isn't that bad.
I had an ad before this video promising me 1000s of 1000s of $$$ with minimum Investment. And many happy clients. I really don't know how people can still fall for this kind of thing. I guess desperation would be one of the reasons. Same reason you play the lottery. Which probably has a better ROI than one of this Schemes. Great Video.
It really is but a few of your tags probably triggered what this ad was aimed for. But at least, if you shell out the money for an ad, make at least a good one lol.
@@cheddar explain Ponzi Scheme better and that would not happen. Rich people putting their money in expensive art work or baseball trading cards is a harmless Ponzi Scheme, but once they trespass into my residential neighborhood (investing in real estate) or any products I buy (other than Veblen goods) is harmful. Even a Ponzi Scheme can have a legitimate business's name on it. The stocks going up based on new investors coming on. Based on growth. The stocks going up at a different pace than the paying customer's profits. Or even the company not paying dividends at all. It's one thing to invest in a Ponzi Scheme like art work but anything this non Veblen goods shopper needs is another thing. I don't buy name band clothing because I want nothing to do with Veblen goods Ponzi Scheme. I don't believe I should buy overpriced stuff. "Inflation". Ponzi scheme is nicknamed Rob Peter to pay paul and I don't like being Peter. The only name band I get involved in; is because it represents a honest company priding itself in quality. My favorite all American made (the best tools) tool company now has more made in China products. "American job creators". My money tying to go towards quality not Veblen goods Ponzi Scheme. This paying customer is trying to support an all American made tool company based on quality. Not growth.
I feel the same way! People are still getting paid, and I don't know how the schemer makes money if he is continually giving the profits away to the original investors.
Lime Mabean by getting new investors and paying the old ones with the new money and then getting new investors again to pay off the former new investors and so on until it grows so large that he can’t find enough new investors and everything falls apart
Because it's all a lie. He invested nothing..He paid himself and others from the new investors money..He runs out of new investors and the house of cards comes crashing down and his clients lose everything..
The people incharge are at the top of the Ponzi Schemes. On 1/6 I was watching TV T***p doing a coup. On 1/6 T***p was watching TV. Who was t***p watching on TV doing a coup? We elected politicians to do the policing, but the politicians are stock investors. Passing tax incentives to feed their Ponzi Scheme. Who's doing the policing? Cognitive dissonance.
Man this is like those ads that are like do you want to make money when the entire market clopases and I'm like oh ye you just have to be the reason it all colpases
@02:00 was the 64.80B-$$ real (paper) money, or was it just a book value like if u show a net-profit of say a million-$$ but in reality u dont have no money bcz the cash account is dried-up?
Sounds like LITERALLY every cryptocurrency. No exaggeration, this is what nfts are, and this is kinda what Bitcoin is (expect Bitcoin is a really successful one, but still a ponis scheme).
Ok I'm not saying that investment fraud isn't a crime to be punished severely. What I am saying is Murder, Rape, Insurrection? Why are they getting just a slap on the wrist.
well check this out.. is this too good to be true? if you invested $100K beginning this year on a high yield stock average at $17, and stock is currently trading at $11.25.. you are still up $14,700 profit.. price dropped from $17 to $11 and you still profit $14k. is this scam?
I came here after getting a link But Now I think it was worth it👍👍. great job, I know that all of you must be working hard but please try to explain it in a bit more lenient way. I know you can do it.
Thank you *Clockluis8* for the effort you put in helping I and others who have been victim of scam. Your effectiveness, honesty and calmness is astonishing. The world needs more like YOU
Thank you *Clockluis8* for the effort you put in helping I and others who have been victim of scam. Your effectiveness, honesty and calmness is astonishing. The world needs more like YOU
The irony of me getting a gambling ad on this video is hilarious
His sons ratted him out?
He must’ve wrote them out of the will or something.
Just goes to show that a secret between 3 people is safe as long as 2 are dead.
There is some debate that the sons knew all along but this gave them an opportunity to avoid some legal consequences.
Aaaaaand now technically, there are two are dead. So it’s safe!
My dad would rat me out for anything.
Amina R I wouldn't rat you out 😊
I heard of a similar fraud to this but instead of having a 'make believe' investment - the people running the scheme put clients money into a real investment. They told the investors that they had made 7% on their investment whereas it had actually had a 10% return. The people running the scheme pocketed the difference which of course ran into millions.
This wouldn’t be such a bad investment
Sounds like embezzlement.
The excomponent's name for the new investers to add "growth" to is called "bond". And stocks, car titles, and mortgages are popular "bonds" in this math formula.
The sad part is, our retirement payments makes the best "new invester's" excomponent in the ponzi scheme math equation.
We are forced to put our retirement savings in overvalued bonds. While the previous invester takes the money.
We all cannot save for a one star retirement and receive a two star retirement. This is ponzi scheme math.
Rich people say its "their money". When the truth is, the only new investers is the money coming from a paycheck. That paycheck saving for a retirement. The new invester in the ponzi scheme math equation is the workers saving for retirement.
And the government deficit spending on a profitable government project is the source of the new money. The government employees saving for retirement from deficit spending government funded projects.
But these government bonds must have a return on investers. For example. Hoover Damn sells electricity to pay for its self. (Only principal). No interest. That would cause inflation. It would make the electricity too expensive.
That's every fund in the world
That old saw: if it sounds too good to be true, it is too good to be true.
You know what is kinda pathetic? That a video by the "leading 'post-cable' network" only gets 105 views in a few days. With that said, the video itself isn't that bad.
Subscribe! We just started fully programming originals on UA-cam a few weeks ago, but there will be plenty more to come.
I had an ad before this video promising me 1000s of 1000s of $$$ with minimum Investment. And many happy clients. I really don't know how people can still fall for this kind of thing. I guess desperation would be one of the reasons. Same reason you play the lottery. Which probably has a better ROI than one of this Schemes. Great Video.
A Ponzi Scheme ad targeting a video explaining what a Ponzi Scheme is. That is bold.
It really is but a few of your tags probably triggered what this ad was aimed for. But at least, if you shell out the money for an ad, make at least a good one lol.
@@cheddar explain Ponzi Scheme better and that would not happen.
Rich people putting their money in expensive art work or baseball trading cards is a harmless Ponzi Scheme, but once they trespass into my residential neighborhood (investing in real estate) or any products I buy (other than Veblen goods) is harmful.
Even a Ponzi Scheme can have a legitimate business's name on it. The stocks going up based on new investors coming on. Based on growth. The stocks going up at a different pace than the paying customer's profits. Or even the company not paying dividends at all.
It's one thing to invest in a Ponzi Scheme like art work but anything this non Veblen goods shopper needs is another thing. I don't buy name band clothing because I want nothing to do with Veblen goods Ponzi Scheme. I don't believe I should buy overpriced stuff. "Inflation".
Ponzi scheme is nicknamed Rob Peter to pay paul and I don't like being Peter.
The only name band I get involved in; is because it represents a honest company priding itself in quality.
My favorite all American made (the best tools) tool company now has more made in China products. "American job creators". My money tying to go towards quality not Veblen goods Ponzi Scheme.
This paying customer is trying to support an all American made tool company based on quality. Not growth.
Madoff's own sons turned him in... That's the messed up part of the story.
Spencer Rhodes If he was my Dad, I'd be proud.
There is some debate that the sons knew all along but this gave them an opportunity to avoid some legal consequences.
@@JackWhitehead1981 why, for causing a global crisis???
@@JJ-xt2dq If people are stupid enough to be exploited, go for it I say!
@@JJ-xt2dq exactly
The most ironic part about this video is that I just got an ad saying how they invested in a no risk scheme and how I should to lol
New pozi is called multi network marketing
that’s called pyramid scheme not ponzi scheme
It’s a bit different
Thats a pyramid scheme not a ponzi scheme
@@sxes I think he’s comparing. Since pyramid schemes aka multi-level marketing or MLM’s work similar and are shady, he’s calling MLM’s the new Ponzi.
learn to itemize
Must be nice to play monopoly with actual properties
Well he sure MADEOFF with some loot
The worlds most used joke. Still funny however.
1:29 I have a question to ask, if Ponzi was making money from the exchange rate of stamps, why did he need the money of new investors?
02:24 Is the reporter really named Lauren LaPonzina? He, he!
I still don't understand how it works and why it's illegal and how the people doing it are making money...
I feel the same way! People are still getting paid, and I don't know how the schemer makes money if he is continually giving the profits away to the original investors.
Lime Mabean by getting new investors and paying the old ones with the new money and then getting new investors again to pay off the former new investors and so on until it grows so large that he can’t find enough new investors and everything falls apart
Because it's all a lie.
He invested nothing..He paid himself and others from the new investors money..He runs out of new investors and the house of cards comes crashing down and his clients lose everything..
@@Doomslayer0110 damnn
Because its a pyramid scheme. Also he not investing, he just pocketing money. Basically money is changing hands
How do people keep getting away with this how is no one catching this before it gets that far what in the world...........
The people incharge are at the top of the Ponzi Schemes.
On 1/6 I was watching TV T***p doing a coup. On 1/6 T***p was watching TV. Who was t***p watching on TV doing a coup?
We elected politicians to do the policing, but the politicians are stock investors. Passing tax incentives to feed their Ponzi Scheme. Who's doing the policing?
Cognitive dissonance.
Please make video about MLM scam,(ebiz in India's and Amway I'm us)
1:01 420k Dollars?
Nice.
Man this is like those ads that are like do you want to make money when the entire market clopases and I'm like oh ye you just have to be the reason it all colpases
short and sufficient . thanks.
It's now called NFT
thanks for sharing!
0:34 So Bitcoin?
Here after power ghost
Me too
@02:00 was the 64.80B-$$ real (paper) money, or was it just a book value like if u show a net-profit of say a million-$$ but in reality u dont have no money bcz the cash account is dried-up?
Book value
"420,000 dollars." *nice*
Sounds like LITERALLY every cryptocurrency. No exaggeration, this is what nfts are, and this is kinda what Bitcoin is (expect Bitcoin is a really successful one, but still a ponis scheme).
Sounds like something banks would never do… oh wait-
Stock photo sites are a ponzi scheme but with photos.
I know ponzi scheme from Seinfeld 😂😂
Wow...if you want to see a crazier story you know where to go
Thank you! That was a really helpful video.
This is exactly what China is doing. during the coronavirus outbreak they reported 4% growth when they had a reality of -4% to -12% growth.
Im a victim of ponzi scheme 😭😭. They get 44,000 peso from me 😭
That's terrible! Sorry to hear that, I hope things get better for you and stay safe for next time.
@@galaxce8989 thank you 😢😢😢
you knew it and took the risk dont cry about it just stand up and move on lol
Ok I'm not saying that investment fraud isn't a crime to be punished severely. What I am saying is Murder, Rape, Insurrection? Why are they getting just a slap on the wrist.
Basically, if it sounds too good to be true, it usually isn't.
well check this out.. is this too good to be true? if you invested $100K beginning this year on a high yield stock average at $17, and stock is currently trading at $11.25.. you are still up $14,700 profit.. price dropped from $17 to $11 and you still profit $14k. is this scam?
I came here from today I found out to reject an ass. :P
I came here after getting a link But Now I think it was worth it👍👍.
great job, I know that all of you must be working hard but please try to explain it in a bit more lenient way.
I know you can do it.
Who’s here because of DJ Envi? 😂 😊
Cough cough Sam Bankman Fried cough cough
Will u marry me
SAD STORY ,HIS 2 SONS ARE ......😱. 😞
Promises high returns with little risk, doesn’t that describe 99% of UA-cam adverts!
This should be impossible to do south modern technology like SCHUFA in germany for example
AKA SOCIAL SECURITY
Im to shock to know about hot it works historically the Ponzi Scheme.
I’ve just had a family member do this very similar thing to me. Is it possible to get your money back?
Aren't you the guy that does household hacker?
I'm currently in one right now, but I'm gonna cash out, once I get the profit back, which is in 20 days to date.
They know it’s all going up some day. So why do they do it?
Isn’t Social Security based on the same exact principles? Think about it, please!
Yup. SS is literally a Ponzi scheme
Profiting off market uncertainty is pretty smart actually. Exactly what they're doing
@@Psyxic_Crimes It depends on their age and appearance erotically. That's all I have to say.
I finally understand bitcoin
it is same thing but bitcoin is just the same but with product
just raise the volume on your videos.
Shoutout to all of you who got referred from "Earth 2" to this video 😜
Celsius Network brought me here.
So basically credit cards.
Citadel Securities
it is good bet to play rather than many shits we see out there
GRANT CARDONE????
What und think about ai marketing
Thank you *Clockluis8* for the effort you put in helping I and others who have been victim of scam. Your effectiveness, honesty and calmness is astonishing. The world needs more like YOU
Joyce Meyer on doing what’s right
And now there’s bit coin
Man I was born in 2008
Next up: Bitcoin is up 15%!
"They're still present today"
Social Security
BITCONEEEEEECT!!!!
Zadehkicks up next
Bitcoin!
Football index
His own sonnnnnnnssssssssssss
Hey guys if you give me a roller today I can turn it into 5. Hit me up
This sounds like terra
...
2021: 1421
Just learn how the US Social securty system operates these days and you will understand what a pozni scheme is and why it is fatally flawed.
SHUT UP IM GONNA FIND OUT NOW WHAR IT MEANS
Fucking crypto!
Like Crypto Coins?
The U.S dollar is the biggest ponzi scheme of them all 😂 each generation are the "new investors"
Sounds like Bernie was a genius.
This are small kids when you compare them to Russian MMM Мавроди . His piramid had 30-40% procent of the whole country SSSR money.
Ask the above name on ig for help if you been a victim
Thank you *Clockluis8* for the effort you put in helping I and others who have been victim of scam. Your effectiveness, honesty and calmness is astonishing. The world needs more like YOU
BITCONEEEEEECT!!!!