It seems the art of the Ponzi scheme is universal. A French woman has just been busted for bilking thousands of South Americans out of their cash in return for...magic cheese?
Posing as a beauty industry supplier, she traveled across the countryside, convincing villagers to make a cheese that could then be sold to cosmetics companies for use as a secret ingredient
in three years of running con games in South America, she may have
scammed as many as
27,000 people out of up to $300 million
The racket was incredibly simple. Basically, Van Erpe charged her Chilean customers €300 ($388) for a cheese-making kit that contained cheese-making equipment, lab tools, and
Yo Flex, a commercially-available yogurt culture
Using the kits and locally-harvested milk, the villagers produced cheese, which Van Erpe agreed to collect and resell
Van Erpe initially
honored her contract. Buying the cheese for thousands of dollars, she poured money into the villages, inspiring more and more people to get involved