1920 headline display newspaper THE Original PONZI SCHEME is UNCOVERED in BOSTON

Description: 1920 headline display newspaper THE Original PONZI SCHEME is UNCOVERED in BOSTON Best 1920 headline display newspaper THE Original PONZI SCHEME is UNCOVERED in BOSTON - inv # 1Q-416 Please visit our EBAY STORE for THOUSANDS MORE HISTORICAL NEWSPAPERS for SALE or at auction SEE PHOTO(s) - COMPLETE ORIGINAL NEWSPAPER, the Lowell Courier Citizen (MA) dated July 31, 1920. This original newspaper contains local Boston area coverage of the public exposure of the ORIGINAL PONZI SCHEME perpetrated by Charles Ponzi in Boston, MA.Charles Ponzi (born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian swindler and con artist who operated in the U.S. and Canada. His aliases included Charles Ponci, Carlo, and Charles P. Bianchi.A Ponzi scheme is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. Named after Italian businessman Charles Ponzi, this scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own.Born in Lugo, Italy, Ponzi became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". His scheme ran for over a year before it collapsed, costing his "investors" $20 million.Ponzi may have been inspired by the scheme of William W. Miller (also known as "520% Miller"), a Brooklyn book-keeper who in 1899 used a similar deception to take in $1 million (approximately $35 million in 2022).Good-Very good condition. This listing includes the complete entire original newspaper, NOT just a clipping or a page of it. STEPHEN A. GOLDMAN HISTORICAL NEWSPAPERS stands behind all of the items that we sell with a no questions asked, money back guarantee. Every item we sell is an original newspaper printed on the date indicated at the beginning of its description. U.S. buyers pay USPS media mail postage. International postage is quoted when we are informed as to where the package is to be sent. We do combine postage (to reduce postage costs) for multiple purchases sent in the same package. We list thousands of rare newspapers with dates from 1570 through 2004 on Ebay each week. This is truly SIX CENTURIES OF HISTORY that YOU CAN OWN! Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale. Stephen A. Goldman Historical Newspapers has been in the business of buying and selling historical newspapers for over 50 years. We are located in the charming Maryland Eastern Shore town of OXFORD, Maryland. Dr. Goldman is a consultant to the Freedom Forum Newseum and a member of the American Antiquarian Society. You can buy with confidence from us, knowing that we stand behind all of our historical items with a 100% money back guarantee. Let our 50+ years of experience work for YOU ! We have hundreds of thousands of historical newspapers (and their very early precursors) for sale.We invite customer requests for historical newspapers that are not yet located in our extensive Ebay listing of items. With an inventory of nearly a million historical newspapers (and their early precursors) we are likely have just the one YOU are searching for.WE ARE ALSO ACTIVE BUYERS OF HISTORICAL NEWSPAPERS, including large and small personal collections, bound volumes, significant individual issues, or deaccessions from libraries and historical societies. IF YOU WANT TO SELL, WE WANT TO BUY !!! Powered by SixBit's eCommerce Solution

Price: 85 USD

Location: Oxford, Maryland

End Time: 2025-01-07T21:06:38.000Z

Shipping Cost: 8.08 USD