Ponzi Scheme
topic on 3 shows · 3 statements across 3 episodes
Founders 
My First Million 
Top Founders
3 statements about Ponzi Scheme, every show
Kreuger's Downfall Was Pure Fraud, Not a Flawed Business Model
“Listen, this plan would and did work. It was only the lying, the falsifying of his financial statements, and being overextended that caused his downfall. That, that's why I said it's like, it's not a clear Ponzi scheme. It was working.”
Coogan: Fraud operations must rapidly churn staff before employees expose scams
“It's the same thing with, like, a pyramid scheme or a Ponzi scheme. Like, you gotta, like, you gotta, like, you know, get out anyone who knows the truth and keep the blinders on everyone who's there, because as soon as one person figures it out, they're gonna …”