Question
Answer some questions about Ponzi schemes in the former Eastern Bloc after the Cold War. For 10 points each:
[10h] This Russian Ponzi scheme, named for its founders’ initials, sold shares resembling banknotes and swindled over 5 million people in the 1990s. This scheme’s “Global” version launched in 2011, targeting the Global South.
ANSWER: MMM [or MMM Global]
[10m] The collapse of this country’s VEFA and Populli schemes triggered an economic crisis and civil war against its president Sali Berisha in 1997. Anti-government rebels hid out in this country’s many bunkers during the unrest.
ANSWER: Albania [or Republic of Albania]
[10e] This country’s Caritas scheme was backed by nationalist mayor Gheorghe Funar and involved up to half this country’s households. The scheme began three years after the overthrow of its former leader Nicolae Ceaușescu.
ANSWER: Romania
<Benjamin McAvoy-Bickford, European History>
Summary
| 2024 Penn Bowl Berkeley | 11/02/2024 | Y | 2 | 20.00 | 100% | 100% | 0% |
| 2024 Penn Bowl CWRU | 11/02/2024 | Y | 4 | 17.50 | 100% | 75% | 0% |
| 2024 Penn Bowl Chicago | 11/02/2024 | Y | 8 | 18.75 | 100% | 88% | 0% |
| 2024 Penn Bowl Florida | 10/26/2024 | Y | 2 | 20.00 | 100% | 100% | 0% |
| 2024 Penn Bowl Mainsite | 11/02/2024 | Y | 3 | 20.00 | 100% | 100% | 0% |
| 2024 Penn Bowl Texas | 11/02/2024 | Y | 2 | 15.00 | 100% | 50% | 0% |
| 2024 Penn Bowl UK | 10/26/2024 | Y | 5 | 20.00 | 100% | 100% | 0% |
| 2024 Penn Bowl UNC | 10/26/2024 | Y | 3 | 16.67 | 100% | 67% | 0% |