How A Ponzi Scheme Works
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- čas přidán 5. 09. 2024
- At our staff retreat last year we made this video as part of a challenge we gave ourselves at Epipheo. It's just something fun we made while hanging out and thought we'd share it with you.
If you've never heard of Epiphilympics Ponzi Scheme, now you know how it works, why it's a terrible investment, and how to avoid it.
Let us know what you think of videos like this. It's a different style from what we normally do, so comment and tell us what you think!
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Best explanation and presentation I've ever seen on CZcams, internet was kinda awesome till early 2010's later turned into a clickbait drama garbage.
bhuvan true
I was born on a clickbait year...
a story goes like this , a farmer had a very sick horse, when city bred MBA relative, who visited the farm said , they could make money selling the horse. the farmer was perplexed, he asked who will buy this sick horse.The MBA guy said he will take care of it , but wanted half of the sale money.the farmer agreed. the guy , went around the village and said, there is a raffle happening at the farmers place , buy a ticket for a dollar , if won , they will get a horse. on that particular day 1000's turner up. all bought raffle to try their luck. a draw happened, and one person won the horse. he was given the horse. rest left. after couple of days , the guy who won the horse came back and complained the horse had dies. no problem said the MBA guy. and returned the dollar he had spent on the raffle . the farmer had save the cost of disposing the horse , made money out of the sick horse, the MBA guy got his share and went back to the city to do what he was best at.
+Ashvi consulting i like explanation
very good illustrative explanation, still some will fall victim of the scheme and not know
terrible punctuation. I could barely read this correctly.
I like this analogy...but today's ponzi schemer is a lot colder and heartless than that.
@@jpswerve182 can you explain more? how heartless would they go
So it seems i would have to invest early on in a Ponzi... Hmmm...
Lol
Yes
Only you don’t know if you are early.
Straight to the point I miss this kind of content.
It's always a 5 minute intro for a 1 minute of information.
Jesus Christ this video is explaining everything I needed for business law that actually makes sense
If Ben takes investor money from the first row... how does he make a big return to create the initial buzz which gets the first row recommending clients for the second and so on? And where does this leave Ben for any profit? I never understood
When you love what you do, you would do anything to get it back like your account and your community, it's like a metaphor for being your father and the channel and the community your children doing everything they can to get it back, thank you *decodeexpert* for everything and give us an example that you fight for what you love ❤️❤❤
Hands down the best video about the ponzi scheme in youtube, short, clear, well explained!.
Can you do one explaining the difference between a ponzi scheme and a Multi Level Marketing scheme?
this is the first time ive heard ponzi scheme, and did a little google on it just now. so doesnt the bank also run on a ponzi scheme?
DKzain23 explain
Facts
No?
Auri
I mean most likely not, there’s probably boring government regulations and law stuff that makes this not a ponzi but I can see where he got the idea from, actually kinda feel dumb for not realizing that, the bank earns money by lending out other people’s money and give those people a small bit of their profit when they charge interest to the ones the bank burrows money to
Absolutely fractional reserve banking is a ponzi scheme. What Charles ponzi was doing in the 1920s was small scale compared to what crashed the stock market in 1929
Very illustrative and fun. Well done, guys!
nice and ti the point
Sounds like Amway, Herbalife, and NuSkin.
Primerica
0:10 - 0:22 that’s where I’m lost 🤨. How does he gives returns if the people invest in a compagny that dosen’t exist
That comes from the very first guy who started this chain reaction .... every business requires investment...so he invests some money and earn way more than what he invested
He uses the money from new investor to pay old investors, which makes them THINK they are getting returns...
I like this style...funny, interesting and gets the point across
sounds like the us economy
Not really
Johnny Nockerson yes really lmao. In the 2000 there were the largest number of market schemes and financier criminals in history. And especially with republican presidents deregulating banks and large corporations, they are able to do whatever they please
@@keynight7513 ay you seem cool so here's a CZcams channel: go to your search bar and look up Vaush if you haven't already. 🤙
@@ultimadum7785 no need haha i already consume vaush's content along with destiny's. At least your on the right path as well!
@@keynight7513 aight keep conversion covert then lmao. Subtly is key 🤙
But the 3 dudes that followed Ben got a good sum and didn't go to jail :D
0:29 i swear tht girl under tht girl was a tree!
Long puffy hair lol 🙄😂
“Just ask Ben.” 🤣😂🤣
Are you explaining how the bank works? What's the difference?
Banks are far more trusted... Your money is still your money
@@andyeze9348 amen
At the beginning of the ponzi scheme, where does the money come from to pay the very first investors?
i reckon they only get "high profits" from their own invested money, but they are convinced to keep it "reinvesting" it (as there is no other funds to give them their money back).
RayJayRob every business including ponzi schemes require investment, in this case it's from the the guy who starts the business.
+RayJayRob From the mines of Moria ;-I
magnvsmarcvs
but the mines have been long abandoned
RayJayRob
They´v made a deal with goblins , pork for gold !
What if ben goes back to the bottom and invites more people re invests with them and the next person to the top gets the investment and so turn the piramid into a circle
Not sure if you'll reply to this? Very helpful video! I would love to know who did the character doodles!!! They're amazing.
How is this not what cryptocurrency is?
Exactly!
all I learned is that I have to be at the peak 😂 , anyway great video ❤
Flash to now, where in every CZcams ad a guy is trying to get you to invest in a e-commerce business where you literally “invest” in his products and calls it drop shipping. It’s almost the same thing as this
I can't imagine how hard it would be to decide to take on a moneygetback role of scammed persons. The history needs to be remembered though and the help that was born through such pain and suffering. Mad respect to these *Flamepycrack* that take on these roles. 0:05
Gerald Celente is always talking about Ponzi Schemes. He's pretty much on the ball about his info. Heck I even made a shirt with his face on it and the caption below "You are a Ponzi Scheme"
thanks for the vid i needed this for a class really helpful and quick
The Madoff scheme
Imagine someone named John starts a company claiming to invest in a lucrative opportunity like real estate or foreign currency trading. He promises investors high returns within a short period, say 20% profit in just one month. John convinces the initial investors to put their money into his company.
As the word spreads, more people become interested and invest their money with John. Instead of actually investing the money, John uses the funds from new investors to pay returns to earlier investors, creating the illusion of profitability. Some early investors may even reinvest their returns, further fueling the scheme.
As long as there are new investors coming in, John can continue to pay returns and attract more money. However, since there are no real profits being generated, the scheme eventually collapses when it becomes impossible to recruit enough new investors to sustain the payouts. When the scheme unravels, investors lose their money, and John often disappears with the remaining funds, leaving investors with significant financial losses.
So if Ben asks me to invest I'm gonna ask am I in the top of your Ponzi pyramid.....and if yes I'm gonna invest everything.
just take out the word scheme after "multi level marketing" and their you go thats the difference.
Superb
Excellent I got it now . Made it so simple . Thanks
Ponzi schemer will only ask you to invest in something. You won't be asked to take any more action than handing over money. He or she will claim to take care of the rest and give you your returns later.ONLY Claim
On the other hand, a pyramid schemer will offer you an opportunity to make the money yourself. It requires more work, though: You have to buy the right to start a franchise and start recruiting more people like yourself. The recruits will often pay the recruiter a cut of their profits.
S P Turkhade thank you.
GOOD JOB!
This is a pyramid scheme not a ponzi scheme, in a ponzi scheme there's only two layers, the orchestrator and the investors.
Wait so does the person who starts the scam get money at the end? I still don't understand of redistributing money gets the creator anymore of you're just giving it away
Appreciate the explanation. And such cute drawing! 👍🏽👏🏽
This is cute and easy to understand. Thank you
What an awesome demonstration video of Ponzi scheme guys!👍
Did someone see the tree guy?
Why is this illegal?
Isn't this like any other scam?
He's not exactly stealing, they're giving him all their money.
(Disclaimer: I don't support it, I'm just trying to learn.)
Cough cough Amway
but how does ben get the money to pay the original 3 investors?
You have to invest your own money to make them think there was a profit
banks work exactly like that and they are legal
Explained quite well for those not "in-the-know"... 😉 Nice job indeed. I love this! 😉 💜 🍀 🎶
Thank you *Clockluis8* for the effort you put in helping I and others who have been victim of scam. Your effectiveness, honesty and calmness is astonishing. The world needs more like YOU😊
excellent
Multi level Marketing schemes require the investors to do something. also they aren't always a fraud.
can you do one about the greece situation?
simple and concise ...
the key to enriching urself in a panzi is to invest large sums of $$ in SHORT-TERM investments, so that by the time the panzi collapses, ur long gone with ur orinal invest. PLUS a HUGE interest, but of couse those who did not pull out of the panzi will b left holding the bag!
Hi,
I work for the Evening Standard in London. We would like to use your explainer to illustrate an article on fraudulent financial schemes. We would credit you.
Please get in touch, thanks
"Ponzi Scheme works" is an oxymoron.
Selim Sultan Akbar 🤣🤣🤣🤣 you funny bastard
It DOES WORK ... FOR THE SCHEMER ...
1:08 smart boiz.
It's like needing to explain it using rainbows. One rainbow, double rainbow and triple rainbow. Like a triple rainbow is a psychic internet hybrid technology of forensics, a double rainbow is like autism and a single rainbow is like common sense. Regarding making a 4d map of sending a rainbow to someone using a triple rainbow. Like the Force Field sciences of the double rainbow and triple rainbow explain how they are like a single energy form. Like there is only logically ever a triple rainbow because of reileighs scattering...
Hahaha, sounds exactly like church
💀💀
I was about to get sucked into that! Sounds just like it. Also, same thing w/ CutCo
I want to dubbed this video in Urdu language. Can use this clip
well done
Great demonstration!
Exactly.
How did he make money the first year?
What a perfect explanation
🤔 interesting
the schemer offers the first set of investors a % return on their investments that is cannot be contested by other investments.
Simple and to the point, THANKS!👍🏿
Search emgoldex, they have the same type of investment strategy like the ponzi scheme
Sounds like a bank to me
great video. Thanks!
I still dont get it 😭
same thing
It's the same concept with a different name.
Well not EXACTLY, I suppose, but I'm sticking with it. Term; Ponzi Scheme fits nicely for what I'm describing:)
Missed to inform of how he made money to pay double to the first investors
Dj Envy & Cesar 😂
Ben is now pleasing a lot of men where he is now
Nice video. Thanks !
Nice video, please, let me reupload the video , thx u
Awesome!
so I should probably be first in line to a ponzi scheme investment?
Ben ... Bernanke ?
Im a victim of ponzi scheme 😭😭. They get 44,000 peso from me 😭
SO SORRY YOU WERE TRUSTING AND THEY TOOK YOU DOWN THE RIVER ... HOPE YOU CAN SURVIVE THE HURT AND DISILLUSIONMENT ... HOPE YOU CAN MAKE UP FOR THE LOSS ...
HANG IN THERE ...
*hehehehe*
so scumbag, we gotcha
GOOOO BEN!!!!
Great video thanks :)
How does Social Security work?
So its basically the same as a pyramid scheme
Nah, it's the concept of robbing Peter to pay Paul done on a much larger scale
In our days they do this on Instagram
Trickle up works.
Ben sounds like Elon Musk.
this is the same with video game's the make the same game every yr than say hey it's new and make idk 2 billon$
So if you are the first one to invest you are gonna get rich, sounds great
NFT "games" in a nutshell
I hope been learned his lesson
The housing market explained in 84 seconds!
There was a tree in that group of friends. That must be one heck of an awesome tree to be investing....
Also, what idiot is friends with a tree? Even if it can invest, that means it has money, so steal it! It's not like it'll notice....
6 years, and not a single comment, like or dislike on your comment. 6 YEARS !
But I can see why tho 😂
Thanks for this :)
ive always heard of it being called a pyramid scheme never ponzi. cool stuff.