I have an old book in my office with the alarmist title: The Robots Are Among Us. However, I do not feel concerned about robots. They are making us collectively wealthier.
I am worried about the swindlers that live among us. They steal a huge amount of money.
Think of the sensational story of Australian Melissa Caddick.
She allegedly swindled family members, friends, and others out of tens of millions of dollars.
Her alleged scheme is a tried and true one, known as the Ponzi (pronounced pon-zee).
A Ponzi scheme involves promising huge returns on investments, and then providing high returns by giving investors a chunk of their own money back…