The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal coupons.

The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal coupons.

(WJAR) — Charles Ponzi would have turned 144 years old this week. Bentley University professor and creator of scamicide.com Steve Weisman says, even now – several decades after his death ...

In 1920, Charles Ponzi's "get-rich-quick" scheme started out small and legal. He promised investors a doubling of their investments in 90 days, and fulfilled that promise by buying International ...

Ponzi schemes derive their name from Charles Ponzi, a prominent promoter of such a scheme in the early twentieth century. The U.S. Supreme Court has recounted “the remarkable criminal financial ...

ONE hundred and fifty years after Charles Dickens wrote in Little Dorritt about London investors succumbing to the fraudulent investment schemes of Mr. Merdle’s bank, trusting victims are still ...

What Is a Ponzi Scheme? The phrase Ponzi scheme dates back well before Bernie Madoff defrauded investors out of $65 billion. Between 1882 and 1949, Charles Ponzi, an Italian immigrant, found a ...