Abstract

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.