The Wizard of School Street: The True Story of Charles Ponzi
Fireside chat with Cage by Bill Muise
Episode notes
In 1920, an Italian immigrant with $2.50 turned a postage stamp loophole into the biggest financial fraud in US history. This is how Charles Ponzi sold 50% profit in 45 days, built a line around City Hall, and lost it all. The real story behind the name "Ponzi Scheme."
Keywords
Charles Ponzi, Ponzi Scheme, financial fraud, Boston history, true crime podcast, Securities Exchange Company, IRC coupons, 1920s, investment scam,