Giving fraud a bad name: The Ponzi scheme

Charles Ponzi didn’t invent his eponymous pyramid scheme — but he lent star power to one of the oldest scams in the book. He also believed that his plan could have become a legitimate business.
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Charles Ponzi didn’t invent his eponymous pyramid scheme — but he lent star power to one of the oldest scams in the book. He also believed that his plan could have become a legitimate business.

His clients included pro athletes, church goers. Now he’s pleading guilty to fraud.

January 08, 2018 01:00 PM