The Original Ponzi Scheme

It takes a special art to get something named after you, positive or negative. Such is the case with the Ponzi scheme - one of the largest and most successful scams of all time. Charles Ponzi orchestrated this scam in the early 1920s, suckering thousands of people, and swindling $20 million. This is the story of the original Ponzi scheme. Sponsor Go to factormeals.com/dispatchespod50off to get 50 percent off and free breakfast for a year. New subscribers only, varies by plan. 1 free breakfast item per box for 1 year while subscription is active. Sources https://www.ebsco.com/research-starters/law/ponzi-schemes https://www.deanmead.com/wp-content/uploads/2013/01/Substantive-Consolidation-Issues-Arising-in-Ponzi-Scheme-Bankruptcy-Cases.pdf https://postalmuseum.si.edu/exhibition/behind-the-badge-case-histories-scams-and-schemes/ponzi-scheme Image: https://commons.wikimedia.org/wiki/File:Ponzi1920.jpg History Dispatches is part of the Airwave Media Network: www.airwavemedia.com Interested in advertising on History Dispatches? Email us at [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices