The history of the financial pyramid is very old, but it was recognized internationally in 1919.
Charles Ponzi, an Italian immigrant, created the first financial pyramid in the United States and became famous under the name “Ponzi.”
Economist Khalid Karimli said that many types of “Ponzi” pyramids have been found in Azerbaijan.
For example, the high-interest operations of commercial banks in the 1990s, hundred-dollar accounts and other networks can be an example of this.
And the scheme is very simple, there is no purchase or sale, the income of the pyramids is formed only at the expense of the funds of the people who join them.
ATV’s “Zona Económica” program prepared a plot on the subject.
More details in the video:
TRAP of the financial pyramid: How do they catch thousands of people?
