Ponzi schemes are investment strategies where individuals help facilitate other like-minded individuals by purchasing or acquiring an idea or product with the hopes of an economic safety and security outcomes. These elaborate schemes take time to manifest and mature. Those that refuse or suspicious are usually labeled as missing an opportunity of a lifetime or misanthropic. Once the moment of collapse of Ponzi schemes unravels then does the distrust of those that invested harming families, security, public trust, and overall accountability.
The most massive Ponzi scheme that America has been selling for decades is the sex offender registry. It too has a pyramid scheme that allows investment in public policy and administrative oversight. Individuals such as John Walsh have raked in over $42M for his charities and amassed a net worth of $20M. States receive over $200M annually from the Edward R. Byrne grant program that helps fund offender registries nationwide. All while Walsh increases his rhetoric and scare tactics to increase funding and additional non-compliance penalties, states are struggling to keep up the pace where jails are beginning to fill up because of Ponzi styled policies backed by law enforcement agencies seeking to cash in on the opportunity.
