Quotes About Ponzi

Socialism is the ultimate ponzi scheme.

Our oceans have been the victims of a giant Ponzi scheme, waged with Bernie Madoff-like callousness by the world's fisheries.

The way we pay for the present by liquidating the future truly fits the definition of a Ponzi scheme. Any other forms of Ponzi schemes are outlawed, only the ecological one we seem to ignore or even encourage.

this sounds like a Ponzi scheme it is because it is the mother of all Ponzi schemes. A merry go around of Ponzi Austerity which, interestingly, left both the insolvent banks and the insolvent Greek state a little more… insolvent

Ponzi austerity schemes, just like Ponzi growth schemes, necessitate a constant influx of new capital to support the illusion that bankruptcy has been averted.

Of all the get-rich-quick magnates that have operated, Ponzi is the king.

Desperate, Ponzi sent a cable to Italy appealing to the dictator Benito Mussolini. No help there either, making Ponzi one of the rare topics on which Coolidge and Mussolini agreed. Ponzi was returned to Texas to await extradition, a process

His debts approached three thousand dollars and, as Ponzi liked to say, his only assets were his hopes.

The hitch, Ponzi understood, would be getting cash for the stamps he bought with the coupons. One possibility would be to sell the stamps at a slight discount to businesses that used large amounts of postage, giving them a bargain on a necessary item while still maintaining huge profits for Ponzi. Another hurdle would be figuring out how to buy and transport the enormous numbers of coupons necessary to turn a significant profit. But those crucial details would wait for another day.

To himself, Ponzi rationalized the difference between his Securities Exchange Company and copycat upstarts: "Perhaps my activities were not entirely within the law," he allowed. "But my intent was honest. I was in a critical position and I had fallen into it without any intention to do wrong. Now that I was in it, I was trying my hardest to pull myself out of it, without hurting my investors.

In the remarkable seven months since it had opened for business, the Securities Exchange Company had amassed thirty thousand investors and $9.6 million. All Ponzi had to do to keep them satisfied was to pay them nearly $15 million in return.

You are perhaps the most accomplished confidence man since Charles Ponzi. I'd say you were a carnival barker, but that wouldn't be fair to carnival barkers. to former Enron CEO Keny Lay