1.0SimTrade bloghttps://www.simtrade.fr/blog_simtradeLouis VIALLARDhttps://www.simtrade.fr/blog_simtrade/author/lviallard/rich600338<blockquote class="wp-embedded-content" data-secret="XpK5X4wub4"><a href="https://www.simtrade.fr/blog_simtrade/ponzi-scheme/">Ponzi scheme</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.simtrade.fr/blog_simtrade/ponzi-scheme/embed/#?secret=XpK5X4wub4" width="600" height="338" title="“Ponzi scheme” — SimTrade blog" data-secret="XpK5X4wub4" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script> /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); //# sourceURL=https://www.simtrade.fr/blog_simtrade/wp-includes/js/wp-embed.min.js </script> This article written by Louis Viallard (ESSEC Business School, Master in Management – Economic Tracks, 2020-2022) presents the basics of a fraudulent financial scheme: the Ponzi scheme. The famous and recent Madoff Affaire is used to illustrate this financial fraud. In the Letter 142 of The Persian Letters, Montesquieu tells us the mythological tale of ... Read morehttps://www.simtrade.fr/blog_simtrade/wp-content/uploads/2021/02/img_Photo1_Louis_Viallard.jpg