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The Original Con: How Charles Ponzi Invented Modern Fraud - Part 4: The Collapse Begins
Season 7
Episode 4
Published 1 week, 4 days ago
Description
The unraveling did not begin with sirens. It began with pressure. Too many claims. Too much cash demanded. Too many questions about the supposed coupon supply.In the summer of nineteen twenty, Charles Ponzi’s operation started meeting the one thing every confidence scheme fears most. Scrutiny. According to contemporary accounts and later investigations, the Boston Post and other outlets began pressing on the logic of the returns. That mattered because Ponzi had prospered not only on arithmetic but on reputation.Learn more at: https://thefraudarchive.com/fraud/charles-ponzi
The Fraud Archive is part of The Archive Network by Jonkai Ventures, a collection of podcasts dedicated to exploring history's greatest cons, scams, and financial crimes.
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