• Ponzi Schemes

  • Politics, Law & Business
  • By: iMinds
  • Narrated by: David Whiteley
  • Length: 8 mins
  • Unabridged Audiobook
  • Release date: 16-10-09
  • Language: English
  • Publisher: iMinds
  • 3 out of 5 stars 3.0 (1 rating)

Editor reviews

A helpful introduction to Ponzi schemes and associated types of fraudulent investment operations. In clear, matter-of-fact tones, performer David Whiteley outlines the origins of the term in Carlo Ponzi's schemes of the 1920s, and then explains how such operations work today, as well as their fatal flaws. Listeners also learn about Bernard Madoff, who ran the biggest Ponzi scheme ever seen, and examine confidence schemes of the digital age, such as phishing. Overall, this is a useful short backgrounder for business students and others interested in learning more about these scams.
Show More Show Less

Summary

Learn about investment traps with an insight into fraudulent Ponzi Schemes with iMinds insightful audio knowledge series.
A Ponzi scheme is an illegal business practice. Investors are recruited into a Ponzi scheme and offered excellent returns over time for little or no risk. The operator of a Ponzi scheme relies on further recruitment of investors to accumulate funds. Earlier investors are repaid with later investor’s money. They have also been described as Pyramid Schemes.
Ponzi schemes get their name from Carlo Ponzi, an Italian who immigrated to the US in 1903. He fled Italy to avoid gambling debts and criminal charges. For several years he travelled through the United States and Canada. During this time he was convicted of theft and served jail sentences in both countries. In 1919, at the age of 37, Carlo Ponzi devised the confidence scam that would come to bear his name.
Perfect to listen to while commuting, exercising, shopping or cleaning the house.. iMinds brings knowledge to your MP3 with 8 minute information segments to whet your mental appetite and broaden your mind.
iMinds offers 12 main categories, become a Generalist by increasing your knowledge of Business, Politics, People, History, Pop Culture, Mystery, Crime, Culture, Religion, Concepts, Science and Sport.. Clean and concise, crisp and engaging, discover what you never knew you were missing. Make your MP3 smarter with iMinds MindTracks, intersperse with music and enjoy learning a little about a lot.. knowledge of your own choice and in your own time.
©2009 iMinds Pty Ltd; (P)2009 iMinds Pty Ltd
Show More Show Less

Critic reviews

"I'm learning all sorts of stuff about stuff I didn't even know I didn't know. And it sticks. In a nutshell: wonderful." (Jonathon Margolis, Financial Times)
Show More Show Less

Regular price: £0.69

Membership details Membership details
  • A 30-day trial plus your first audiobook, free
  • 1 credit/month after trial – choose any book, any price
  • Easy exchanges – swap any book you don’t love
  • Keep your audiobooks, even if you cancel
  • Free, unlimited access to Audio Shows
  • After your trial, Audible is just £7.99/month
Select or Add a new payment method

Buy Now with 1 Credit

By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Buy Now for £0.69

Pay using card ending in
By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

By completing your purchase, you agree to Audible's Conditions of Use and authorise Audible to charge your designated card or any other card on file. Please see our Privacy Notice, Cookies Notice and Interest-based Ads Notice.

Customer Reviews

Most Helpful
3 out of 5 stars
By AshaMem on 02-02-12

This is really a good book and i recommend it !!

This is really a Good book and the narrator is really good who depicted the story very well .

Read more Hide me
See all reviews

Customer Reviews

Most Helpful
5 out of 5 stars
By Balathayaparan Thayaparan on 18-03-16

Good

Good informations about Ponzi schemes.
Clearly explanations about the schemes.
His voice is so cool. Thank you so much.

Read more Hide me
See all reviews