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Charles Ponzi (/ ˈpɒnzi /, Italian: [ˈpontsi]; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian charlatan and con artist who operated in the United States and Canada. His aliases included Charles Ponci, Carlo, and Charles P. Bianchi. [1]
Mar 1, 2023 · It was the largest Ponzi scheme in history in which Madoff defrauded investors out of tens of billions of dollars over the course of at least 17 years. Here are 10 facts about Charles Ponzi, the man whose name became synonymous with fraud.
- Celeste Neill
Feb 28, 2023 · Charles Ponzi invented the Ponzi scheme, an investment scam in which first investors are paid with money obtained from second investors.
- 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 spent 14 years...
Jun 20, 2005 · Ponzi used new investments to pay off earlier investments, all the while trying to devise a legal way to exploit fluctuations in foreign currency to make good his obligations. The scheme cratered under the weight of a Boston Post investigation. So who was Charles Ponzi, and why did so many people give him so much money?
Feb 10, 2020 · In 1920, Charles Ponzi swindled Bostonians out of $15 million in just eight months. His get-rich-quick scheme promised a 50 percent return on investment in just 45 days. But the scam fell apart in spectacular fashion, landing Ponzi in jail and his name in the annals of criminal history.
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Apr 14, 2021 · Borrowing from Peter to pay Paul is a scheme made famous by Charles Ponzi. Who was this crook whose name graces this scam?
