Ponzi: The Financial Idiot Who Scammed the World

The history of the Ponzi scheme, and the story of Charles Ponzi, the financial fraudster who became rich and infamous with his Ponzi scam that claimed people could get rich quick thanks to the arbitrage of IRCs. Ponzi promised very high returns to investors and soon millions of dollars were being invested by those looking to get rich as fast as possible. Imagine doubling your money with an investment in 90 days, and making money with no work. Well, it sounds too good to be true, because it was...

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