PONZI'S SCHEME
.MAN WHO .MADE £1,000,000
BORN IN FLORIDA
JACKSONVILLE (1'.5.1, Dee. 27. A lirst dividend lo shareholders ot Olio pr.j- rent. ha.-, been announced by Charles Pon/.i. , The Boston financial wy.nrd, who has been trving to recoup his lost lortnne ever since ho came onl- ol gaol in August last- year, rs now participating in the Florida land boom. He is .selling £2 land lots, and says there is a great, deal of money to be made.
Charles Ponzi served four years in prison for using the mails to aid Ins got-rieh-quick schemes. He was alleged to have defrauded investors ol £1 .IKiO.nOU. While in gaol bis palatial home was sold, and his' v. HA; bad to work to support herself.
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https://paperspast.natlib.govt.nz/newspapers/ESD19260108.2.36
Bibliographic details
Evening Star, Issue 19142, 8 January 1926, Page 3
Word Count
122PONZI'S SCHEME Evening Star, Issue 19142, 8 January 1926, Page 3
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