In Ponzi We Trust- page 6 | People & Places | Smithsonian
Mug shots of Charles Ponzi, Boston financial wizard, taken during his arrest for forgery under the name of Charles Bianchi. (Bettmann / Corbis)

In Ponzi We Trust

Borrowing from Peter to pay Paul is a scheme made famous by Charles Ponzi. Who was this crook whose name graces this scam?

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Mary Darby, a freelance writer in Washington, D.C., invests in mutual funds, and hopes not to lose her shirt.


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