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| | The "Ponzi Scheme" |
 | | In 1909, Ponzi was convicted of forgery in events surrounding the collapse of the Montreal banking firm of Zrossi and Co., of which he was a member. |
| | Although Ponzi never realized any profits from dealings in postal reply coupons, much of the debate prior to his 1920 arrest involved questions about whether it was possible to make enormous profits trading in such coupons, and even if it were possible, whether he was actually doing so. |
| | [Ponzi's] account with the trust company indicated that he was not employing the money received from the enterprise, but was using it, without interest, for the purpose of paying his notes as or before they matured, and that such was the fact was, or should have been, known to the officials of the trust company. |
| www.mark-knutson.com /Ponzi/theScheme.html (3468 words) |
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