________ held many different jobs over the course of the next several months, including one for his father- in- law, while always coming up with company concepts.
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Charles P Bianchi
________ was one of Ponzi's numerous identities during the time.
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Hanover Trust Bank
Ponzi put the money in the ________ in Boston.
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Tom Petters
2010: ________ '$ 3.65 billion (£2.5 billion) scheme falls apart because an employee blows the whistle.
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Lucien Rivier
1910: A man named ________ opens a bank in Paris and cheats 6, 000 investors out of about 2 million francs (£6.5 million today)
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Ponzi
________ bought an asset at a low price and sold it on a different market for a high price, which was not against the law, but he had no clue how to turn the coupons into cash.
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Ponzi
________ had a persistent business drive and a burning desire to become well- known despite his financial situation.
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Ponzi
________ received a loan and delivered the money to his family in Italy after seeing the possibilities for a business enterprise.
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Ponzi
________ schemes hurt investors 'finances and the economy as a whole because they take money away from constructive and legal investments.
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Ponzi
________ does not seem to have started out with evil motives, unlike several of his fraudulent successors.
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Ponzi
________ was arrested for deception and given a one- year prison sentence, but he was released after an appeal.
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Ponzi
________ started his own business, the Security Exchange Company, to make his scheme look more legitimate.
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Ponzi
________ discovered he could make money by purchasing the coupons in Italy, where they were reasonably priced, and exchanging them for more costly stamps in the US.
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1899
William "520 Percent" Miller runs a ponzi scheme in New York
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1910
A man named Lucien Rivier opens a bank in Paris and cheats 6,000 investors out of about 2 million francs (£6.5 million today)
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2010
Tom Petters' $3.65 billion (£2.5 billion) scheme falls apart because an employee blows the whistle
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1991-2009
Allen Stanford of Texas runs a 20-year plan that costs $7 billion (£5 billion) through his bank in Antigua
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Charles Ponzi
Large-scale financial scam of \____ started imploding in July 1920.
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Boston office
Panicked investors gathered in front of his \____, demanding their money back while the authorities followed his every step.
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District of Massachusetts
He distributed coffee and doughnuts in addition to the cash to reassure investors that they had nothing to be concerned about. - But the US Attorney for the \_______ was alerted by Ponzi's obnoxious behavior.
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Charles P. Bianchi
was one of Ponzi's numerous identities during the time. He had a variety of temporary occupations, including waiter and interpreter.
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Bank Zarossi
Ponzi relocated to Montreal in 1907, where he worked at the \____ and eventually rose to the position of manager.
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Montreal
He faked a check in the hopes of raising enough money to go back to the US, but was found and sentenced to three years in a depressing jail on the outskirts of \____.
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Rose Maria Gnecco
In 1918, he wed \____, a stenographer.
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Internal reply coupon (IRC)
which resembled a self-addressed stamped envelope, seemed to be money but served as a mechanism for paying for foreign postage in advance.
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costly stamps
Ponzi discovered he could make money by purchasing the coupons in Italy, where they were reasonably priced, and exchanging them for more \____ in the US.
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Security Exchange Company
Ponzi started his own business, the \____, to make his scheme look more legitimate.
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cash
It's not clear if Ponzi's scheme was a scam from the start or if he planned to pay the shareholders once he figured out how to turn the coupons into \_____, but he made no effort to make real money.
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June 1920
By \_______, Ponzi had taken money from about \______ people for a total of $2.5 million (£19 million).
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February 1920
In \____, Ponzi told people who invested that they would get back 50% of their money in 45 days.
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Hanover Trust Bank
Ponzi put the money in the \_________ in Boston. He also bought a controlling stake in the bank.
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Boston Post
The \__________ answered with a series of articles that asked tough questions about Ponzi's money machine and pointed out that he didn't invest in his own company.
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US Post Office
In July, Ponzi got another blow when the \_____ confirmed that he couldn't make the returns he said he could on the international postal vouchers because there weren't enough of them in circulation.
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August 2, 1920
On \_____, newspapers said that Ponzi was bankrupt.
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August 9, 1920
On \_______, his primary bank account was overdrawn, so the district attorney froze it.
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August 12, 1920
Ponzi turned himself in to federal officials on \____, because he knew he was about to be arrested.
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Charpon Land Syndicate
There, he started the "\_____," another Ponzi scheme that sold swampland to investors and promised them big returns on their money.
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1899
William "520 Percent" Miller runs a ponzi scheme in New York. He scams shareholders out of $1 million (£19 million today) by telling them they will get 10% interest every week on their money.
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1910
A man named Lucien Rivier opens a bank in Paris and cheats 6,000 investors out of about 2 million francs (£6.5 million today).
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40
2010
Tom Petters' $3.65 billion (£2.5 billion) scheme falls apart because an employee blows the whistle.
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41
1991–2009
Allen Stanford of Texas runs a 20-year plan that costs $7 billion (£5 billion) through his bank in Antigua.
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42
William "520 Percent" Miller
runs a ponzi scheme in New York. He scams shareholders out of $1 million (£19 million today) by telling them they will get 10% interest every week on their money.
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43
Lucien Rivier
A man named \____ opens a bank in Paris and cheats 6,000 investors out of about 2 million francs (£6.5 million today).
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44
Tom Petters
His $3.65 billion (£2.5 billion) scheme falls apart because an employee blows the whistle.
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45
Allen Stanford
runs a 20-year plan that costs $7 billion (£5 billion) through his bank in Antigua.
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