Understanding the Mechanics of a Ponzi Scheme

Listener Kaitlyn was talking to her dad about investments and things strayed into the world of Ponzi schemes. Kaitlyn’s wondering what they are and how they work — good question! Bridget and Ryan want to answer Katilyn’s question but the topic conjures up some bad memories for Ryan. Luckily they get some help from Brenda Hammer, lead investigator from Bridget’s favorite show, “Scam Slammers!” Brenda uses her expertise and investigative skills to help Ryan pick out where he went wrong in the past and give some good tips for avoiding scams our listeners (even young ones!) might encounter in their everyday lives.

If your family is interested in learning more about ponzi schemes, check out the page for this episode at our website. We’ve got discussion questions and tips for learning more!