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Item # 546828

August 3, 1920

THE DETROIT NEWS, Michigan, August 3, 1920

* Charles Ponzi Scheme
* Early day swindler


This 36 page newspaper has a one column headlines on the front page:

* PONZI RESUMES PAYING CLAIMS
* Scalpers Besiege Line at His Office Trying To Buy Out Those Waiting

Other news of the day throughout. Some browning and wear around the margins, otherwise good.

source: wikipedia: Charles Ponzi (March 3, 1882–January 18, 1949) was an Italian immigrant to the United States who became one of the greatest swindlers in American history. His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. Although many people have never heard of Ponzi himself, the term "Ponzi scheme" is a widely known description of a system of fraudulent "make money fast" schemes promoted through the Internet and elsewhere to this day.

Category: The 20th Century

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