THE INFAMOUS PONZI SCHEME! LET'S DIVE INTO A BIT OF HISTORY HERE

The Ponzi scheme is named after Charles Ponzi, an Italian immigrant who became notorious for running one of the most well-known financial frauds in the early 20th century. Charles Ponzi, born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi in Italy in 1882, immigrated to the United States and eventually orchestrated a fraudulent investment scheme that promised high returns to investors.

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