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    14 minEpisode 665

    Charles Ponzi and His Scheme

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    In January 1920, an Italian American businessman in Boston started a new enterprise. In order to raise money, he took $100 investments from 18 people and offered them a fabulous return on their money in only 45 days, and he delivered on his promise.

    Soon people were lining up to give him their money and everything worked great….

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    © Gary ArndtLength 14 min2 May 2022Episode 665HistoryGeographyFactsCultureUSAEpisodic

    The Empire That Never Existed

    The Empire That Never Existed

    This is an episodic podcast, so you can listen to it in any order, but episode one is a great place to start.

    Listen to episode one here
    11+HistoryGeographyFactsCultureUSAEpisodic2 May 2022© Gary Arndt

    In January 1920, an Italian American businessman in Boston started a new enterprise. In order to raise money, he took $100 investments from 18 people and offered them a fabulous return on their money in only 45 days, and he delivered on his promise.

    Soon people were lining up to give him their money and everything worked great….

    …until it didn’t.

    Learn more about Charles Ponzi, the man whose name is synonymous with fraud, on this episode of Everything Everywhere Daily.

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