1/4
Interestingly enough, when the Massachusetts Bank Commissioner first went after Charles Ponzi’s scheme in August 1920 (only 8 months after it started), many of his investors blamed their subsequent losses on highly biased meddling by the...
ft.com/content/4916c4…
Interestingly enough, when the Massachusetts Bank Commissioner first went after Charles Ponzi’s scheme in August 1920 (only 8 months after it started), many of his investors blamed their subsequent losses on highly biased meddling by the...
ft.com/content/4916c4…
2/4
authorities, and angrily accused the financial elites of trying to destroy an operation that was bringing the secrets of Wall Street to the masses. Ponzi, they said, was trying to help ordinary people in their struggle with the bankers, and the bankers had decided to...
authorities, and angrily accused the financial elites of trying to destroy an operation that was bringing the secrets of Wall Street to the masses. Ponzi, they said, was trying to help ordinary people in their struggle with the bankers, and the bankers had decided to...
3/4
go after him only because his financial operations had been so successful .
One way to be a successful con man, it seems, is to tap into the legitimate resentment of the aggrieved and convince them (and perhaps yourself) that you are their champion. By the way at least...
go after him only because his financial operations had been so successful .
One way to be a successful con man, it seems, is to tap into the legitimate resentment of the aggrieved and convince them (and perhaps yourself) that you are their champion. By the way at least...
4/4
six banks in Boston, including one he ended up controlling, went under once Ponzi’s scheme unraveled. He was able to do an enormous amount of damage in only eight months of operation.
six banks in Boston, including one he ended up controlling, went under once Ponzi’s scheme unraveled. He was able to do an enormous amount of damage in only eight months of operation.
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