A Brief History of Ponzi Schemes Craig J. Cantoni In 1920, Carlo Ponzi was sentenced to prison for a pyramid scheme that defrauded investors out of an estimated $15 million, or $159 million in today’s inflated dollars.

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Date: 2009-03-02 01:58:09		A Brief History of Ponzi Schemes Craig J. Cantoni In 1920, Carlo Ponzi was sentenced to prison for a pyramid scheme that defrauded investors out of an estimated $15 million, or $159 million in today’s inflated dollars. Add to Reading List Source URL: www.jpands.org Download Document from Source Website File Size: 67,53 KB Share Document on Facebook