Charles Ponzi: Hype, and the Financial Illusion in the 1920s
In 1920, a dapper, fast-talking immigrant in Boston promised a golden opportunity: invest with him and earn a 50% return in just 45 days. Like any offer that sounds too good to be true, it has not been true. However, thousands of people across social classes eagerly handed over their life savings to Charles Ponzi. In just a few months, Ponzi amassed millions of dollars and achieved a level of fame comparable to that of celebrities and politicians. But by year's end, his empire would fall in one of the worst financial frauds in US history.
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