Ponzi / Pyramid

The Ferrari was leased. The gold was a story. The investors were the inventory.

Warith Deen Muhammad sold a precious metals trade that paid 5 to 10 percent in thirty days. Federal prosecutors say the gold was a story and the investors were the inventory. On Wednesday he was sentenced to four years and two months.

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Pump & Dump

The headline moved the gold. The pitch moved the retiree.

A Reuters wire moves a market by half a percent. In a strip-mall office a thousand miles from the news, a closer reads the same headline and dials the next number on the list. This is how a geopolitical story becomes a sales script.

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See the pitch they're running today.

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