Charles Ponzi was a charming, dapper Italian immigrant who became the world’s most famous investment swindler. At his peak in the summer of 1920, when you could buy a house by mail from Sears for $495 and hire skilled labor to assemble it for $1 and hour, Ponzi pulled in a million dollars a week with his “postal reply coupon” investment scheme.
Charles Ponzi and the New Economy
Charles Ponzi and the New Economy
Charles Ponzi and the New Economy
Charles Ponzi was a charming, dapper Italian immigrant who became the world’s most famous investment swindler. At his peak in the summer of 1920, when you could buy a house by mail from Sears for $495 and hire skilled labor to assemble it for $1 and hour, Ponzi pulled in a million dollars a week with his “postal reply coupon” investment scheme.