Monday, March 7, 2005

What Charles Ponzi Did

For the historical-minded readers, here is a link to a short article on what Charles Ponzi, whose name is routinely invoked to describe a wide variety of scheme's to fleece investors out of money, actually did to gain such lasting fame.  His fraud involved promises of a 40% return in 90 days for investors, a common thread in investment scams in which what looks too good to be true usually is. (ph)

Fraud | Permalink

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