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Learn about the life and crimes of Charles Ponzi, who swindled millions of investors with his fraudulent postal reply coupon scheme in the 1920s. Find out how he was caught, convicted, and deported, and how his name became synonymous with a type of financial fraud.
Feb 28, 2023 · Learn about the life and crimes of Charles Ponzi, the notorious Italian-American con artist who invented the Ponzi scheme. Find out how he used international reply coupons, postage stamps, and mail fraud to amass and lose a fortune.
- Jim Probasco
Apr 2, 2014 · Charles Ponzi was arrested on August 12, 1920, and charged with 86 counts of mail fraud. Owing an estimated $7 million, he pleaded guilty to mail fraud, and subsequently...
Mar 1, 2023 · Learn about the life and crimes of Charles Ponzi, the Italian immigrant who swindled millions of investors in 1920 with a fake investment scheme. Discover how his name became synonymous with fraud and how his scheme changed the face of finance forever.
- Celeste Neill
Apr 14, 2021 · Learn how Charles Ponzi, an Italian immigrant, became a notorious swindler by running a pyramid scheme that promised high returns to investors. Discover how his name became synonymous with fraud and how he was caught and imprisoned.
- Mary Darby
Jan 21, 2023 · This is the story of the man behind the eponymous Ponzi scheme — a tale of financial fraud that lives up to its linguistic legacy. And we have a Planet Money guide on how to avoid being scammed...
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Aug 12, 2020 · I n the century since his arrest on Aug. 12, 1920, Charles Ponzi’s name has been linked to the scam that led to his eventual conviction and imprisonment. At its essence, a Ponzi scheme...
