Home > Blossary: The Biggest Lies in History
It is important not to repeat the mistakes of the past. For a better understanding of the past, a comprehensive study of the history is necessary. This glossary contains the most famous lies.

Category: History

5 Terms

Created by: anton.chausovskyy

Number of Blossarys: 25

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This classic lie is named after the notorious Charles Ponzi. It works like this: A schemer promises investors great returns, but instead of investing the money, he keeps some for himself and uses the funds from new investments to pay off earlier investors. Bernie Madoff admitted that his investment firm was "just one big lie".

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Esta mentira clásica se llama el famoso Charles Ponzi. Funciona así: una intrigante promete inversionistas grandes ganancias, pero en lugar de invertir el dinero, él guarda algo para sí mismo y utiliza los fondos provenientes de las nuevas inversiones para pagar a los inversores anteriores. Bernie Madoff admitió que su firma de inversiones era "una gran mentira".

Domain: General; Category: 

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