The Rise and Fall of Charles Ponzi. Charles Ponzi The Documentary | History of the Ponzi Scheme. Bernie Madoff who died in prison at the age of 82 is today the most famous Ponzi Schemer, but Charles Ponzi is the man this con was named after.
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Charles Ponzi, was an Italian born con artist based out of the United States and Canada. Born and raised in Lugo Italy, he became internationally famous in the early 1920s as a con man for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in Europe and redeeming them at face value in the United States as a form of financial arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors.
While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a “Ponzi scheme”. His scheme ran for just under a year before it collapsed, costing his “investors” $20 million.
This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme.
The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King’s College London.
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Used to do doubling money on runesscape.
Thank you very much for taking the time to create such interesting content. I really enjoyed it.
Phillip.
1:10:58 maybe PayPal would sue if the sceeme would stay named like that, although:)
Exactly same scam happened in Russia after collapse of Soviet Union in 1990's. It ruined lives of millions of russians. In Russia after this scam it got "MMM scam" name, because company "MMM" took peoples money and promised huge returns. It all went well for a few years, until it all crashed and burned. Russian people at that time were extremely economically under-educated and unexperienced, because of communist upbringing.
Content nft game lot in Philippines scam games
You could be like the editor of the Boston Post by exposing the current crypto currency fraud.
The furniture dealer who shook Ponzi down with his claim of "…owning half of the business" ended up coughing up all of his ill-gotten gains because of the claim. That's poetic justice!
In the end, the only Asset he ever had was his wife!
I can't respect the hustle but I can respect him
Thank you, very well put. This is the most extending documentary I have seen on Charles Ponzi.
Most interesting, thanks
The reason this story is interesting is there will always be a fool that will invest in your bs and people never learn.
Thank you for telling his story. Humans are complex creatures.
I wonder how many banks are currently able to pay out the money deposited by their clients?
I watched this from start to end, great documentary!!
This is an excellently told story. Better than any story or documentary I have watched. I can tell you really did your research and took your time with this piece. Or maybe you're just a natural at storytelling. Either way, thanks for your insight!
Rose, the model wife
Wow. 75 minutes of TV that beats even Netflix. Thank you <3
Man If he had only…. Given 49% stake in the company to the furniture guy he'd been off the hook.
This guy single-handedly ruined the word m̶o̶t̶h̶e̶r̶f** Ponzi
Wow I’m blown away by the loyalty of Rose. He should have just lived a normal life happily married to her., eh.
In 1920, the western world changed. In that year, a culture changing event happened. Something that has never happened in human history. Something that isn't universal for all people in this world. Some people are staunchly against it. But it happened here. And it's also self defeating. Just like Ponzi.
Have you ever done a history and analysis of Donald Trump? There are many similarities, but many differences as well. I’d have to say that tRump’s most recent dupes have been most GOP members of Congress, and his base, who continue to send him money. Just amazing.
Nice work. Hugely is not a word though
Apparently, he influenced the EU Nazi project.
You sir are one most brilliant historians on charles Ponzi, excellent excellent documentary. 🙏🙏🙏🙏🙏🙏
Yeah he was a great conman.. but no match for Donald Trump who’s a greatest conman of our time !
I did not realize until the end that this was a YouTube movie. It's fascinating. I agree with the person who suggested making a movie out of it with Leo in the starting role. I think perhaps he may be a little old for the part. Let's try to think of someone a little younger. And I do think Scorsese would be a good director of our little movie that we're planning to have made.
Fascinating video! Very well done, and kept my interest to the very end.
Thank you for sharing.
looks like his plan was working until a few people started hating and slandering his name…..hell,he made more money than most people….the newspaper ruined him just like they did Nikola Tesla.
I AGREE.