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Everything Everywhere Daily

Charles Ponzi and His Scheme

15 min • 2 maj 2022

In January 1920, an Italian American businessman in Boston started a new enterprise. In order to raise money, he took $100 investments from 18 people and offered them a fabulous return on their money in only 45 days, and he delivered on his promise. 


Soon people were lining up to give him their money and everything worked great….


…until it didn’t.


Learn more about Charles Ponzi, the man whose name is synonymous with fraud, on this episode of Everything Everywhere Daily.


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Executive Producer: Darcy Adams

Associate Producers: Peter Bennett & Thor Thomsen

 

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