Archive for August 31st, 2003
WAHM: We have seen the term “Illegal Pyramid” discussed, but the granddaddy of them all is called a “Ponzie”. The term “Ponzi” is derived from Charles Ponzi (nee Ponsi), who was an Italian immigrant and ran his original scams in Montreal. In 1919, he set himself up in an office on the second floor, of [...]
