Episode #243 - What Was Ponzi's Scheme? (Part II)

Charles Ponzi's remarkable rise and fall played out over the course of a wild eight month period. He went from being a failed importer-exporter mired in debt to Boston's most talked about self-made millionaire in a matter of weeks. After rebranding his company as the Securities Exchange Company, Ponzi started offering remarkable 50% returns to investors after only 90 days. But almost immediately…