Analysis of information sources in references of the Wikipedia article "சார்லசு பொன்சி" in Tamil language version.
Ponzi himself was probably inspired by the remarkable success of William "520 percent" Miller, a young Brooklyn bookkeeper who in 1899 fleeced gullible investors to the tune of more than $1 million.
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ignored (help)In 1920 thousands of gullibles had a more ornate picture of him. He was then the shrewd, straight-eyed miracle man of Boston's Hanover Street. He promised his clients a 50% profit in 45 days. ... The essence of his scheme was to buy postal reply coupons in countries with depreciated exchange, redeem them at face value for U. S.
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(help)In Italy, Ponzi got on the good side of Mussolini's Fascists, was sent to Rio de Janeiro as business manager for Italy's LATI airlines. The war ended his job; after that he eked out a meager existence as a translator. Committed to a Rio charity ward, blind in one eye and partly paralyzed, he said not long ago: 'I guess the only news about me that most people want to hear is my death.'
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ignored (help)In 1920 thousands of gullibles had a more ornate picture of him. He was then the shrewd, straight-eyed miracle man of Boston's Hanover Street. He promised his clients a 50% profit in 45 days. ... The essence of his scheme was to buy postal reply coupons in countries with depreciated exchange, redeem them at face value for U. S.
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(help)In Italy, Ponzi got on the good side of Mussolini's Fascists, was sent to Rio de Janeiro as business manager for Italy's LATI airlines. The war ended his job; after that he eked out a meager existence as a translator. Committed to a Rio charity ward, blind in one eye and partly paralyzed, he said not long ago: 'I guess the only news about me that most people want to hear is my death.'
Ponzi himself was probably inspired by the remarkable success of William "520 percent" Miller, a young Brooklyn bookkeeper who in 1899 fleeced gullible investors to the tune of more than $1 million.
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