Charles Ponzi The Documentary

The Rise and Fall of Charles Ponzi. Charles Ponzi The Documentary | History of the Ponzi Scheme. Bernie Madoff who died in prison at the age of 82 is today the most famous Ponzi Schemer, but Charles Ponzi is the man this con was named after.

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Charles Ponzi, was an Italian born con artist based out of the United States and Canada. Born and raised in Lugo Italy, he became internationally famous in the early 1920s as a con man 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 Europe and redeeming them at face value in the United States as a form of financial arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors.

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”. His scheme ran for just under a year before it collapsed, costing his “investors” $20 million.

This history channel style documentary tells the full story of Charles Ponzi, from his childhood in Italy, through to the heights of his fame in Boston Massachusetts, through to his prison sentence, deportation, and his life after the scheme collapsed. In this film the Ponzi scheme is explained along with how it differs from a pyramid scheme.

The film is written and narrated by Patrick Boyle, a fund manager and finance professor at King’s College London.

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Charles Ponzi The Documentary – History of the Ponzi Scheme – The Most Famous Con Artist – True Crime

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  2. Newbury st didn’t have many stores to shop in before 1970. There was only 5 or 6 store on one block at the Boston Public Garden

  3. Economic investigator Frank G Melbourne Australia is following this very informative content WOW ! great telimg of the History cheers Frank

  4. Ponzi had an "insane, deluded confidence in himself."
    That description fits to a T: Donald Trump!

  5. I lost $100 like this from a scam at work. I was new at the radio station, and wanted to be liked by my new co-workers, but I could tell the other DJs rounding up other suckers knew little about what they were doing. None of the other guys ever mentioned it again. My pay was low, so $100 seemed like a lot in 1978. Lucky it was only a hundred. I was greedy and dumb. 15:15 “Robbing Peter” was exactly one of the terms I heard.

  6. I'm sick of the British talking about American history so they can enrich themselves while forcing their archaic and cavemen like grammar system on The Americans truly scumbags one and all

  7. Cant have a Ponzi scheme without the greed of investors who want a 50% return.

  8. What I didn't figure out is why he didn't sell the mail coupons for a profit, if he was able to sell them.

  9. Just as in 2024 the Media (Boston Globe) think they are the Arbiters of Justice when in fact they are the cancer that ha created wars and hardship across the World.

  10. Wonderful story. Sorry he got caught. Was he a Trump forerunner, always get caught😊

  11. Music in the background is horrendous. Ruins an otherwise good video.

  12. Well Joseph Smith was also one of the first con men even with money because he founded an illegal bank. Also, his alleged finding of gold tablets with text and his so-called translation to what became the Book of Mormon is a big scam fraud.

  13. 43:30

    I had been thinking of a specific Seinfeld episode, for the last 20 minutes.

    So when you brought up the show, I figured my earlier thought was on your mind as well.

    Then you mentioned the lie detector and I was surprised because I was actually thinking of the
    One where Kramer and Newman figured out the can return was worth more in New Jersey, than in N.Y. and the scheme was started. Lol

    You'll probably mention it anyway but I figured I'd mention it before I forgot.

    Cheers from Canada.

  14. Nice one. It might be useful to evaluate the influence Edward Bernays – the "Father of [modern] P.R." (and a cousin of a certain S. Freud) had on (creating) the Great Depression…..

  15. Joe Biden beats this!Charles Ponzis is Angel aginst Biden.

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