The Original Scheming Ponzi

The author of a well-regarded book on Charles Ponzi discusses the rogue’s life
Charles Ponzi

Mug shot of Charles Ponzi (March 3, 1882 – January 18, 1949).
Credit: Wikimedia Commons

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Charles Ponci, Carlo and Charles P. Bianchi were some of the aliases for Charles Ponzi, who lent his name to the infamous pyramid scheme. Mitchell Zuckoff, the author of Ponzi’s Scheme: The True Story of a Financial Legend (Random House, 2005) provides colorful details of the con artist’s doings in a talk at a bookstore in Washington, D.C. The discussion provides compelling historical background for World Bank Chief Economist Kaushik Basu’s article on the economics of Ponzi schemes in the July Scientific American.

This article was originally published with the title "The Ponzi Economy."

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