10 Worst Lies in History

lies
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The Ponzi scheme

Charles Ponzi was an Italian immigrant who made a fortune out of lying to people. Even more, he was so good at it, that the government decided to name the type of fraud he invented: the Ponzi scheme.

Back in 1920, Ponzi managed to trick thousands of New England residents into putting their money in a postage stamp speculation scheme. He promised all his investors that he is able to provide a whopping 50 percent return in only 90 days.

Every time a new investor gave him money, he would use those funds to pay off earlier investors, which created an illusion that they were profiting from a legitimate business. He raked in $250,000 every day, which was about $3 million now.

5 thoughts on “10 Worst Lies in History”

  1. Aunt's friend Of Mine

    Daniel, knows many through the Seven Hills in Aurora.
    As threading pulled from a jacket seam curly quicker wit.

    :Mundane plains drifter.
    :status:

  2. EXCELLENT ARTICLE. I HAVE HEARD OF MANY OF THESE DURING MY LIFE AS FAR BACK AS I CAN REMEMBER. THE WORST ONES ARE THE POLITICAL LIES THAT PROBABLY INFLICT MORE DAMAGE AND SUFFERING TO ALL MANKIND THAT ALL THE OTHER CATEGORIES COMBINED. MY FATHER TOLD ME OVER SIXTY FIVE YEARS AGO THAT NO MATTER HOW MUCH YOU LIKE ANY GIVEN POLITICAL FIGURE, YOU CAN NEVER TRUST ANYTHING THAT COMES OUT OF THEIR MOUTHS. HE SHOULD HAVE KNOWN AS HE WAS DEEPLY INVOLVED IN LOCAL POLITICS AT THE LOCAL AND STATE LEVEL AND WAS PRETTY MUCH DISGUSTED WITH THE SYSTEM IN HIS LATER YEARS.

  3. HItler was right! Jews were and still are the enemy of society and now globally. They own every centural bank in the world, news stations, Hollywood, TV shows and all to control and manipulate the world.

  4. I am having trouble understanding how the 1919 Black Sox scandal qualifies as a “lie,” or the Cuban missile crisis.
    That’s two of the first three: time to quit.

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