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Enduring Lure of Ponzi Schemes

The 21-year-old claimed to be expert at trading on the complex foreign currency market. He guaranteed potential investors that through him they would quickly double their money. In the end, he enriched himself with jewels and a stable of luxury cars while frittering his customers' fortunes.
 

While the information can include potentially anything about the individual's employment, credit, or past history, the most common usage of background checks refers to criminal records.