10.17.2022 - By Barry J. Maguire
Send us a Text Message.Charles Ponzi was always one to take a short cut. Mr Ponzi hoodwinked his way to a Bank manager position in Montreal, he saw that the bank president was using new investment money to fund payments coming due. The problem was that the investors would take the money and run, not reinvest. Ponzi saw the flaw in this game and the bank soon collapsed. After a stint in a Canadian jail, then American prison, Ponzi returned to Boston and set up shop on school street. He develop...