Ponzi's Scheme: True Story of a Financial Legend
2,681 views · Published 6 May 2014 · 36:51 · Indexed 31 October 2026
Channel: GBH Forum Network · 2014 · Education
Mitchell Zuckoff discusses Charles Ponzi's mercurial rise and fall as he conjured up one get-rich-quick scheme after another. Zuckoff reveals how The Boston Post uncovered this "robbing Peter to pay Paul" system (as it was then known), and how Ponzi's life unraveled. Before Charles Ponzi (1882-1949) sailed from Italy to the shores of America in 1903, his father assured him that the streets were really paved with gold and that Ponzi would be able to get a piece. Ponzi learned as soon as he disembarked that though the streets were often cobblestone, he could still make a fortune in a culture caught in the throes of the Gilded Age.
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