Loading
As Seen in The Wall Street Journal and Harvard Business Review
Charles Ponzi - Failure Museum

In 1920, Charles Ponzi promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. His scheme ran for over a year before it collapsed, costing his “investors” $20 million (or $207 million in 2022 dollars)

Picture of Sean Jacobsohn

Sean Jacobsohn

Shopping Basket