The Seen and the Unseen - hosted by Amit Varma cover image

Ep. 142: Ponzi Schemes

The Seen and the Unseen - hosted by Amit Varma

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app