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2min chapter
Charles Ponzi’s Schemes
Stuff You Missed in History Class
Ponsey's Offices in Boston and Other Cities and States Started Closing Down as Well
Ponsey agreed not to take any more money until audits and investigations into his business were done. He also agreed that he would keep offices open so that he could pay people whose notes had matured, or to re fund money to people who wanted to get their money back. Since december last the us. Was reportedly using only about 200 thousand stamps a year, which sold for six cents each. So it just didn't add up that ponsey was using them to bring in millions of dollars. On july 20, eighth, after these and other news reports, there was a huge run on ponsey's offices in boston as worried people tried to get theirmoney back.
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