Tag Archives: Ponzi

President Ulysses S. Grant was nearly…

President Ulysses S. Grant was nearly bankrupted by a Ponzi scheme a year before his death, and was saved from near-destitution by partnering with Mark Twain on his memoirs The post President Ulysses S. Grant was nearly… appeared first on Crazy Facts. Source

Before he was caught, Charles Ponzi…

Before he was caught, Charles Ponzi the namesake of the Ponzi scheme successfully sued a newspaper for libel and won $500,000 in damages after it suggested there was no way Ponzi could legally deliver such high returns in a short period of time. The post Before he was caught, Charles Ponzi… appeared first on Crazy… Read More »