‘Easy money’: a look at the Ponzi scheme, the pyramid scheme that modernizes over time.

From the infamous fraud perpetrated by Bernie Madoff on Wall Street to schemes such as the' Loom of Plenty' and the reported' Omega Pro', the tantalizing promise of extraordinary profits through supposed financial deals has led numerous people to fall into the trap. Although Ponzi schemes have a long history dating back to the development of the banking system in…