Mon, Jun 22, 2020
Ponzi schemes employ a robbing Peter to pay Paul strategy to enrich the schemes operator. Charles Ponzi didn't invent the ponzi scheme but his was sufficiently wide spread that it gained enough notoriety to be branded with his name. By today's standards it is fairly small time as these ten examples illustrate.
Wed, Oct 20, 2021
Despite conspiracy theories about Gamestop stock trading in January 2021 the Security and Exchange Commission report finds nothing particularly out of the ordinary. Short selling of GameStop had been occurring for several years and the was no evidence of illegal naked shorting. The subsequent stock rise was due to long term investors rather than hedge funds.