Forever associated with fraudulent trading, Charles Ponzi's infamous early 20th century scheme was focused on what entity?

Basically, what Ponzi did was create a company that he called Securities Exchange Company, and then he promised returns of 50% in 45 days or 100% in 90 days to his investors from money he was investing into postal reply coupons. What he was actually doing was taking the money people invested and redistributed it into other investments, but he never actually received any profit to return to his investors.

Asked by Tom Cohen · Last updated 5 years ago · 735 views