Ponzi Schemes Popping Up All Over

Current conditions are sure smoking out Ponzi schemes. The Dreier case is pretty interesting, but pretty involved. Amazingly brazen. A link to an article is below.

From the article:

There is an unfortunate optical illusion - a variant on the Doppler effect - that besets all frauds. It's unfortunate, because it has the effect of exacerbating the pecuniary losses that fraud victims endure, by unfairly leaving them, like many rape victims, irrationally ashamed of themselves.

The Doppler principle we posit holds that as a victim approaches a swindler, he sees nothing but green lights. But as soon as he realizes that his money is gone, he spins around and beholds, as if by magic, bright red flags as far as the eye can see

Marc Dreier