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  • The Typology of Financial Scandals and Ponzi (Pyramid) Schemes  By : Sam Vaknin
    In 1634, tulip bulbs were traded in a special exchange in Amsterdam. People used these bulbs as means of exchange and value store. They traded them and speculated in them. The rare black tulip bulbs were as valuable as a big mansion house. The craze lasted four years and it seemed that it would last forever. But this was not to be.
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