Now May Be the Perfect Time
By Jim Bauer
@porwest (94231)
United States
August 4, 2024 8:09am CST
I have to tell you, I have given this considerable thought. I have always been interested in Ponzi schemes and the people behind them. While they are all dirty, rotten, low-down scoundrels, the stories of what they did and how they remained under the radar for decades before getting caught fascinates me.
I always thought, what if they had just a FEW legitimate things going on, maybe they could have somehow closed the gaps and actually gotten away with it.
Maybe some do this and that's why we don't know about the successful actors?
But one thing strikes me about all of these cases, and that is that it took decades for them to get caught. 30-40 years in most cases.
The thing is, they all started young and got caught in their 50s and 60s. Some a little later depending on when they started their Ponzi schemes of course. I think this thought poses an interesting opportunity.
I am 51. If I have at least 30 years before I get caught, that would make me 81. I guess at that point, if I live that long, jail would not be so bad.
I am thinking now might be the perfect time to start my own Ponzi scheme. What do you think? Good idea or bad idea?
5 people like this
2 responses
@2ndchances24 (9608)
• Cloverdale, Indiana
4 Aug
Why in the world would you want to do something like they have
just to see where it takes you in life?? I mean that sounds insane.
1 person likes this
@2ndchances24 (9608)
• Cloverdale, Indiana
4 Aug
@porwest If you had 5 million $ today what would you do with it?
1 person likes this
@LindaOHio (183959)
• United States
4 Aug
Bad idea. I'm not sure I completely know what a Ponzi scheme is. I'm sure you will tell me. Have a good day.
1 person likes this
@LindaOHio (183959)
• United States
8 Aug
@porwest Thank you for the explanation.
1 person likes this
@porwest (94231)
• United States
5 Aug
lol. Well, VERY basically, it is convincing someone to invest in an enterprise that does not exist, and then attracting new investors to pay the returns you promised to the old ones. There is never a real business, you're just using portions of new investors money to pay old investors returns. But new investors become old investors, so you always need new investors. At some point you can no longer attract new investors, old investors become weary when returns dry up and start wanting to cash out—but because you have stolen all the money the whole thing falls apart, and the person doing the scheme gets caught.
1 person likes this