Loading...
You are here:  Home  >  Fraud News America Articles  >  Current Article

PONZI: Source of the Scam

By   /   March 3, 2014  /   No Comments

    Print       Email
Carlo Ponzi (March 3, 1882 – January 18, 1949). Photo: Biography.com

Carlo Ponzi (March 3, 1882 – January 18, 1949). Photo: Biography.com

In the spring of 1920, if you lived in the Boston metropolitan area, and someone had approached you about a potential “Ponzi” investment, you likely would have considered yourself a very fortunate person. It is also likely that you would put everything you had (and what you could borrow) into Ponzi’s plan.

The man, whose name is eponymous with the fraudulent scheme he refined, was a real person, and during that sweet spring of 1920, very much a household hero in the Boston area.

“He was a fascinating crook — the ultimate con man,” writes Ponzi biographer, Donald Dunn.

Pages: 1 2 3 4 5

    Print       Email

Leave a Reply

Your email address will not be published. Required fields are marked *