Boston, MA – August 14, 1920 – Charles Ponzi, a smooth-talking entrepreneur, was taken into custody by authorities in Boston, marking the end of a meteoric rise to infamy. The 38-year-old Italian immigrant’s Ponzi scheme, which promised investors unusually high returns on their investments, had been unraveling in the days leading up to his arrest.
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Key Facts
- State: National
- Category: White Collar Crime
- Era: Historical
- Source: Library of Congress — Chronicling America ↗
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