Edit Entry — Media Tracker

Summary

The Rise and Fall of Charles Ponzi. Charles Ponzi The Documentary | History of the Ponzi Scheme.  Bernie Madoff who died in prison at the age of 82 is today the most famous Ponzi Schemer, but Charles Ponzi is the man this con was named after.

Ways To Support The Channel
Patreon: https://www.patreon.com/PatrickBoyleOnFinance
Buy Me A Coffee: buymeacoffee.com/patrickboyle

To learn more about this story, the best book is by Mitchell Zuckoff https://amzn.to/3c9D7Vd

Patrick's Books:
Statistics For Traders:  https://amzn.to/3eerLA0
Financial Derivatives:  https://amzn.to/3cjsyPF
Corporate Finance:  https://amzn.to/3fn3rvC

Visit our website: https://www.onfinance.org
Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Charles Ponzi,  was an Italian born con artist based out of the United States and Canada. Born and raised in Lugo Italy, he became internationally famous in the early 1920s as a con man  for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in Europe and redeeming them at face value in the United States as a form of financial arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors.

While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". His scheme ran for just under a year before it collapsed, costing his "investors" $20 million.

This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme.

The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King's College London.

Patrick Boyle Books on Amazon:  https://amzn.to/2I1tdH6 and https://amzn.to/2Vo18ln

Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle

Financial History
Financial Documentary
Charles Ponzi The Documentary - History of the Ponzi Scheme - The Most Famous Con Artist - True Crime

Edit

Image