Author Topic: Jacksonville's Notorious Con Artist: Charles Ponzi  (Read 176 times)

thelakelander

  • The Jaxson
  • Hero Member
  • *****
  • Posts: 28213
    • Modern Cities
Jacksonville's Notorious Con Artist: Charles Ponzi
« on: August 17, 2018, 08:35:31 AM »
A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. Today, Modern Cities highlights the life of the early 20th century's most notorious swindler, the guy that gave the Ponzi scheme its name: Jacksonville's one-time sign-painter Charles Ponzi.



Full article: https://www.thejaxsonmag.com/article/jacksonvilles-notorious-con-artist-charles-ponzi/
"A man who views the world the same at 50 as he did at 20 has wasted 30 years of his life.” - Muhammad Ali

sanmarcomatt

  • Hero Member
  • *****
  • Posts: 1108
  • Mayor of The Coffee District
Re: Jacksonville's Notorious Con Artist: Charles Ponzi
« Reply #1 on: August 17, 2018, 09:01:46 AM »
For Jax, I think Parker makes Ponzi look like a piker.

Charles Hunter

  • Hero Member
  • *****
  • Posts: 2380
Re: Jacksonville's Notorious Con Artist: Charles Ponzi
« Reply #2 on: August 17, 2018, 11:08:14 AM »
Fascinating article.  Thanks for sharing it.