The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal coupons.

The term originated with Charles Ponzi, a Boston swindler who conned investors out of millions of dollars in 1920 by promising returns of up to 100% in 90 days on investments in foreign postal ...

(WJAR) — Charles Ponzi would have turned 144 years old this week. Bentley University professor and creator of scamicide.com Steve Weisman says, even now – several decades after his death ...

Named after Charles Ponzi — an Italian immigrant who, in the roaring 1920s, promised investors massive returns through ...

In 1920, Charles Ponzi's "get-rich-quick" scheme started out small and legal. He promised investors a doubling of their investments in 90 days, and fulfilled that promise by buying International ...

The phrase Ponzi scheme dates back well before Bernie Madoff defrauded investors out of $65 billion. Between 1882 and 1949, Charles Ponzi, an Italian immigrant, found a loophole in currency exchanges.