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Ep 33: Getting rich quick always works: The story of Charles Ponzi

Author
Farz Sokhansanj, Taylor Pineiro
Published
Mon 24 Jul 2023
Episode Link
https://doomed-to-fail.simplecast.com/episodes/ep-33-getting-rich-quick-always-works-the-story-of-charles-ponzi-Mv4Mm_nX

We start off this week with the story of the man whose scam was so good they named it after him - the infamous Charles Ponzi. If it’s too good to be true, it’s probably not true unless you can get in and get out really quickly - then you might benefit! 

Farz also notes that the first “Ponzi Scheme” was actually committed by Sarah Howe in Boston in 1879 - but a Howe Scheme doesn’t have the same ring to it. 

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