
Ep. 142: Ponzi Schemes
The Seen and the Unseen - hosted by Amit Varma
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The Rise and Fall of a Post-War Ponzi Scheme
This chapter discusses the rise and fall of a Ponzi scheme that originated after World War I, where an Italian immigrant in Boston discovered an arbitrage opportunity with international reply coupons (IRC) and formed a company promising investors a 50% return in 45 days.
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