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Ponzi scheme?
by Ted Rudow III,MA Friday Sep 9th, 2011 1:21 PM
Charles Ponzi was a Boston investor broker who in the early months of 1920 was momentarily famous as a purveyor of foreign postal coupons who promised fabulous rates of return for his investors. Ponzi issued bonds which offered 50% interest in 45 days, or a 100% profit if held for 90 days.