Another famous scam was the Ponzi scheme which was taking place for a years but the original Ponzi scheme was happened in 1920. American Charles Ponzi discovered that he could purchase postal vouchers in his country, ship them abroad and make five percent profit out of it. However, when selling to investors he over overpriced the margin and promised a fifty percent profit thus investors flown at the opportunity line up to give him their money. Ponzi paid his early investors back with the money from his newer more recent ones. When scam was finally exposed, Ponzi had made 10 million dollars and had escaped the
