ELI5 Ponzi Schemes - how do they work?

What this episode covers

What’s the difference between a pyramid scheme and a Ponzi scheme? Why is it called a Ponzi scheme? What are some of the most famous Ponzi schemes in history? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in particular the following users whose questions and comments formed the basis of this discussion: brentrs89, megatron_mclargehuge, eyeheartboobs, fifth_down, rodneymunch11, lazydracula and kevlarbuns To the ELI5 community that has supported us so far, thanks for all your feedback and comments. Join us on Twitter: https://www.twitter.com/eli5ThePodcast/ or send us an e-mail: [email protected]

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How long is this episode of ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast?

This episode is 8 minutes long.

When was this ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast episode published?

This episode was published on November 11, 2022.

What is this episode about?

What’s the difference between a pyramid scheme and a Ponzi scheme? Why is it called a Ponzi scheme? What are some of the most famous Ponzi schemes in history? ... we explain like I'm five Thank you to the r/explainlikeimfive community and in...

Can I download this ELI5 Explain Like I'm 5: Bite sized answers to stuff you should know about - in a mini podcast episode?

Yes, you can download this episode by clicking the download button on the episode player, or subscribe to the podcast in your preferred podcast app for automatic downloads.