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2min chapter
Charles Ponzi’s Schemes
Stuff You Missed in History Class
Ponsey and the Bonco Zorosi Scam
Ponsi's mother was apparently worried that he wasn't being honest with her about the time he had spent in prison. In 19 19, ponsey was arrested for stealing more than five thousand pounds of cheese. But his name was misspelled on the warrant. There was just a ou in place of the n. That mis spelling led to a series of delays and eventually, this whole thing fizzled out. Ponsi then tried to start up an international business directory called traders guide which would make its money through ads. He applied for a start up loan at hanover trust bank, but they turned him down. And so this effort also fizzles out.
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