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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 in...
Mar 1, 2023 · Charles Ponzi (1882-1949) was a notorious con artist who went on to become one of the first financial criminals of modern times. Ponzi committed what became known as the ‘fraud of the century’ in 1920 in the United States when he secured some $15 million in a matter of months by persuading local Bostonians to invest in a fake investment scheme.
Apr 14, 2021 · Mary Darby. Updated: April 14, 2021. Originally Published: December 1998. Mug shots of Charles Ponzi, Boston financial wizard, taken during his arrest for forgery under the name of Charles...
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...
Jul 24, 2022 · Charles Ponzi spent 3-1/2 years in federal prison, then faced state charges after he was released. He was convicted, but appealed his conviction and fled to Florida, where he sold swampland. He promised investors 200 percent returns in 60 days. Ponzi soon got caught, tried and convicted again.
Jun 20, 2005 · Charles Ponzi offered his investors the opportunity to double their investment in three months. Most Bostonians exposed to the idea early on took a pass. So how did Ponzi eventually convince thousands of people (including many members of the Boston Police Department) to invest millions of dollars over a three-month run in the spring and summer ...
Jul 24, 2015 · July 24, 1920—95 years ago—the Boston Post took the first steps in taking down Charles Ponzi and his fraud scheme through a series of articles that won the paper its first Pulitzer Prize.
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