Money & SavingsRecently we have heard about the biggest ponzi schemes in history. Bernard Madoff has become a household name but these types of scams have been happening for years. In fact, they are named after Charles Ponzi who envisioned and created a massive money making scheme in the early 1920s. Here’s how they work: Investors are lured with promises of unique opportunities producing high returns, and for awhile they may get those returns. But what they don’t know is that their …