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Library Journal
Reviewed on February 15, 2005
In 1920 Boston, men and women responded to newspaper ads placed by Charles Ponzi guaranteeing investors 50 percent interest on their investments in only 45 days. Ponzi devised a classic "robbing Peter to pay Paul" swindle, paying off early investors with the millions of dollars raised from later ones. Before the year ended, Richard Grozier, owner-editor of the...Log In or Sign Up to Read More