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Who Was Charles Ponzi? The Man Behind Original Scheme.
Entrepreneur Network Podcast
English - April 27, 2023 07:08 - 35 minutes - 48.4 MB - ★★★★ - 58 ratingsCareers Business business entrepreneurship entrepreneur leadership selfhelp growth health fitness performance Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Previous Episode: Shawn Walchef of Cali BBQ Media talks Toast and Digital Hospitality
We’ve all heard of Ponzi schemes, but who was the guy they were named after? This is the amazing story of the original swindler Charles Ponzi, a dapper, five-foot-two Italian immigrant who in 1920 raked in an estimated $15 million (now $225 million) in less that year. Ponzi lured over 20,000 Bostonians to invest in his securities with promises of 50 percent profits in 45 days. Back in the day, he was a hero of people—until a newspaper brought him and his now infamous scheme crashing down.