Ponzi Schemes Explained: How They Work and How to Spot Them

A Ponzi scheme is a fake investment program that pays earlier investors using money from new ones. Ryan traces the history from Charles Ponzi in the early 1900s through Bernie Madoff, explaining why these scams look legitimate, at least at first, and why they always collapse once new money stops flowing in.Ryan covers the warning signs to watch for: returns that seem too high or too consistent, pressure to get in quickly, and no independent third-party custodian holding the assets. He explains how to verify an advisor on FINRA BrokerCheck or the SEC website and why insisting on a real custodian is one of the most reliable protections you have. Knowing the red flags before you see them is the best defense.Find "Your Fiscal Physical" the book on AmazonIf you have suggestions or feedback, please email us at: [email protected], as always, Stay the Course!