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2min chapter
Charles Ponzi’s Schemes
Stuff You Missed in History Class
Ponsey's Guaranteed Returns
On july fourth, 19 20, the boston post reported that joseph daniels had sued pansey for one million dollars. Although ponsey publicly said this suit had no merit, he started opening bank accounts under false names to try to hide his money in case daniels might be successful. This report also led to some of his customers asking for their money back. But this was temporary, and not long after the news broke of a lawsuit, he was bringing in a million dollars a week.
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