Charles Ponzi, Date of Birth, Place of Birth, Date of Death


Charles Ponzi

Italian businessman and con artist

Date of Birth: 03-Mar-1882

Place of Birth: Lugo, Emilia-Romagna, Italy

Date of Death: 18-Jan-1949

Profession: banker, criminal, autobiographer

Nationality: United States, Italy

Zodiac Sign: Pisces

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About Charles Ponzi

  • Charles Ponzi (, Italian: ['pontsi]; 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 United States 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. Ponzi may have been inspired by the scheme of William F.
  • Miller, a Brooklyn bookkeeper who in 1899 used the same scheme to take in $1 million.

Read more at Wikipedia