Pyramid Schemes Are as American as Apple Pie - WSJ.com

The Madoff fraud has many looking back at past Ponzi Schemes. The best history that I have seen is frm the WSJ (and John Gordon Steele). It is on US Grant and the pyramid scheme that used his name back in the 1880's.Pyramid Schemes Are as American as Apple Pie - WSJ.com: "Ponzi schemes, where early investors are paid dividends out of the money put in by later investors, usually last only a few