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How Does A Ponzi Scheme Lure So Many Victims?

FYI: It’s a shocking statistic. According to industrial psychologist, Paul Babiak and criminal psychologist, Robert D. Hare, about one percent of men are bona fide psychopaths.* The authors of Snakes in Suits, When Psychopaths Go to Work say most psychopaths aren’t Hannibal Lecter-types. Unlike the killer in Silence of the Lambs, most of them don’t stuff people in their freezers. But they lack empathy for other people.

Some leave social carnage in their wake. They might be married, yet sleep with multiple women without feelings of remorse. Others scale corporate ladders without caring about the hands they crush while climbing to the top. Others steal people’s money–without a shred of guilt.

In 2017, Maria Konnikova published the New York Times bestseller, The Confidence Game: Why We Fall for It…Every Time. It’s one of the most fascinating books I’ve ever read, showing (among other things) how almost anyone can fall for a Ponzi scheme. These are fraudulent investment schemes that promise high investment returns for little or no risk. But such profits aren’t real.
Regards,
Ted
https://assetbuilder.com/knowledge-center/articles/how-does-a-ponzi-scheme-lure-so-many-victims

Comments

  • GREED !!
    Derf
  • "According to industrial psychologist, Paul Babiak and criminal psychologist, Robert D. Hare, about one percent of men are bona fide psychopaths."

    What a great example of English as a second language. Whoever wrote that should stay away from commas until they understand how to use them.

    Whoever posts a mess like that should be ashamed.
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