BBC News – Kautilya Pruthi jailed for UK’s biggest Ponzi scam worth £115m: “Ponzi schemes pay returns to investors using further investments, not profits.” Sound familiar? It should do. Social security schemes work in the same way. In fact, they’re worse because entry into them isn’t voluntary. It’s not a crime when someone called a politician sets up a ponzi scheme though. Then, it magically becomes an act of good. Do you believe in magic?