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2min chapter
Charles Ponzi’s Schemes
Stuff You Missed in History Class
Ponsey's Secret Weapon
The international universal postal union established these in 19 o six to make it easier for people in its member countries to correspond with one another. Ponsey rented office pace at tenty seven school street in boston in december 19 19, opening a business that he called the securities exchange company. People would give him their money, and he would give them a promissory note entitling them to their money plus interest when it matured. He guaranteed a 50 per en profit after forty five days, and a 100 % profit after 90 days. But then someone in spain wrote ponsey to ask for a copy of the trader's guide, not realizing that it had already folded. And
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