Prosecutors Bring Charges Over Massive Ponzi Scheme
A police mug shot of Italian-born American swindler Charles Ponzi (1882 – 1949) after his arrest for forgery under the name of Charles Bianchi, Montreal, Canada, 1909. Ponzi later served 14 years in jail in the US after the collapse of his fraudulent investment scheme, whereby early investors were paid from the investments of later…