In Search Of History - Charles Ponzi & His Scheme (History Channel Documentary)

  • Published on:  Jun 1, 2018
  • Video full hd 1080 In Search Of History - Charles Ponzi & His Scheme (History Channel Documentary) 42:30:, 720, 480 In Search Of History - Charles Ponzi & His Scheme (History Channel Documentary)
    This episode was converted from an old VHS tape that had considerable wear and tear, resulting in poor audio quality. Unfortunately it's the only copy I've been able to obtain so far.__________________________Narrated by David AckroydCharles 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 United States as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. His scheme ran for over a year before it collapsed, costing his "investors" $20 million.While this type of fraudulent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a Ponzi scheme.____________ Video In Search Of History - Charles Ponzi & His Scheme (History Channel Documentary) upload by channel ago just now with 596.6k views.Rating: %(by users) - What think other users about this videos -

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