Jacksonville's Notorious Con Artist: Charles Ponzi

[Metro Jacksonville]

Jacksonville's Notorious Con Artist: Charles Ponzi



A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors, rather than from profit earned by the individual or organization running the operation. Today, Metro Jacksonville briefly highlights the life of the early 20th century's most notorious swindler, the guy that gave the Ponzi scheme its name: Jacksonville's one-time sign-painter Charles Ponzi.

Full Article
http://www.metrojacksonville.com/article/2013-jan-jacksonvilles-notorious-con-artist-charles-ponzi

[Noone]

Thank you for the history of our city.

[BrooklynSouth]

Ponzi was part of the Florida Land Boom too? Wow, that's great to know! Thanks for the article.

[Charles Hunter]

"That clever American, Ponzi" was mentioned in a recent episode of "Downton Abbey" - as a possible way for a struggling manse owner to turn his fortunes around.

[LibertyV]

Since the city adjusted the addresses by -200 in 1938, the 1300 block of main is now the 1100 block, the last picture in the story, shows the modern 1300 block not the 1926 1300 block that was between 1st and 2nd.

[ricker]

Quick take