1882 - 1949
Charles Ponzi Italian Criminal
01
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Charles Ponzi is a member of the following lists: People deported from the United States, 1949 deaths and 1882 births.
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Details
| First Name |
Charles
|
| Last Name |
Ponzi
|
| Birthday |
3rd March, 1882
|
| Birthplace |
Lugo, Emilia-Romagna
|
| Died |
18th January, 1949
|
| Place of Death |
Rio de Janeiro, Brazil
|
| Buried |
Cemitério do Cajú, Município de Rio de Janeiro, Rio de Janeiro, Brazil
|
| Zodiac Sign |
Pisces
|
| Nationality |
Italian
|
| Occupation Text |
Confidence trickster
|
| Occupation |
Criminal
|
Charles Ponzi (, born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian swindler and con artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo, and Charles P. Bianchi. Born and raised in Italy, he became known in the early 1920s as a swindler in North America 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 other countries and redeeming them at face value in the U.S. as a form of 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 over a year before it collapsed, costing his "investors" $20 million ($250 million as of 2020).
