Open AccessLessons learned from a Ponzi game in Congo
Author(s) -
Jean Anaclet
Publication year - 2021
Publication title -
international journal of social science and economics invention
Language(s) - English
Resource type - Journals
ISSN - 2455-6289
DOI - 10.23958/ijssei/vol07-i04/293
Subject(s) - constraint (computer aided design) , debt , mathematical economics , horizon , economics , computer science , microeconomics , finance , engineering , mathematics , mechanical engineering , geometry
To last, a Ponzi game requires a permanent flow of new lenders who get inserted into the system endlessly. In this paper, we show that, unlike Carlo Ponzi in Boston and Bindo Bolembé in Kinshasa (DRC), in the Salu Humberto Brada case in Congo Brazzaville, the debt of the borrower agent was also backed on real assets. This subdues the infinite horizon constraint of the scheme he implemented and shows how his Ponzi game could have gone on infinitely.