Charles Ponzi Biography

The first letters will come very soon. Make sure they will not get into spam. The profitability of the response coupons, of course, is fabulous, but risks the theoretical, on paper. And the reason for this is the most that there is no banal - money. Pondsi did not have them, and never. They are not even on the bills that he ordered, but never bought it from the printing house. The release of not wealthy bills on behalf of his company is another confirmation that Pondsi is decisively tuned and that he went to Va-Bank.

He is going to distribute bills to investors who want to invest in his business with response coupons. The scheme is very simple and understandable: the investor gives money, Ponzi writes a bill. Which guarantees a refund, after 90 days, "plus 50 percent" and this despite the fact that the annual rate of that time is 5 percent. What time is the difference at ten? As if not so, Ponztsi promises 50 percent for 90 days, which means the difference is one at a time!

And his greed is able to work miracles. And one of these miracles is a shutdown of the brain. So it was before, this is happening now. I don’t have this phenomenon: “I hear the promise of large and quick money - I turn off my brains”, there would be no pyramids, trading shoulders in Forex, binary options, cashbacks, cryptocurrences with their own crypta, no one would sell trading signals, etc.

And here is an example of such a brain, neatly dressed, with the same, with the same, with the same Smiling hair, a smiling Ponzi enters the vegetable shop of his compatriot - Ettore Dziberty. No, he came not to borrow money, he came to hold his first sale. In short, having told about the response system, Ponzi begins to beat from the "heavy artillery": to talk about the incredible profit that you can get with their help.

Always cautious, does not ask for details. Ponzi understands that he saddled and not stop him. And here is the first partner in the first pyramid! Jiberty beats chills - a very difficult, incredibly difficult test of money, subjected him to Ponzi. And he does not stand this test! In early January, Jiberty entered the Ponzi office with the US dollars - investments that acquaintances and relatives entrusted him in the hope of good returns.

Exactly a year to this event, but nothing has changed. And today, with a greed turned off, thousands and thousands bring their money, hoping for quick and fabulous income. And without stopping on the "achieved", through partnerships, they involve their inner circle in the pyramids. However, back to Ponzi. Having received his first income, he finally takes the printed bills in the printing house.

Not a single dollar crosses the sea, not a single response coupon is bought. And to serve these first investors, he needs 53 response coupons.

But even if he boughts them, he can only exchange it for postage stamps, and he has a debt in dollars on bills. However, in the first pyramid, as in all subsequent ones, the main thing is to blind a snowball and scream it. And then he will already roll himself: already investors will involve new investors in the pyramid, and they, in turn, involve others. So it was with Ponzi, evenly, this is happening to this day.

The schematic image of the Ponzi pyramid attracting investors with a promise of unprecedented high incomes, Pondsi plans to pay the money of new investors. The money of those obligations in relation to which have not yet come, with those who have time to receive the promised income have already come. Ponzi is in a constant dilemma: to find and attract more and more new investors.

This search cannot be interrupted. By the end of each circle, new investors must bring investments in an amount not lower than the obligations to pay income. Otherwise, the chain will be interrupted and the pyramid will fall apart. And as it always happens: the latter will not receive anything. Nothing at all, even your investments. Share: Under number 5, on the above scheme, it is written that by the end of the Ponzi circle it will need a group of x new investors, and by the end of the Circle in TI thousand newcomers.

It doesn’t look at all, to attract a quarter of a million new investors once, however, as we will see next, the task, for Ponzi, turned out to be quite feasible. The fabulously rich and successful and successful and adjusted to the obligations of the payment of first income, Ponzi processes his closest friends and acquaintances. That is how it was a hundred years ago, this is how this happens today: all dubious proposals, all invitations to participate in dubious enterprises, we get from our close environment.

Well, we ourselves carry out dubious proposals and we invite you to participate in dubious enterprises not at all a stranger to us people. He talks about a certain Lionello Sarty, a steward on the ocean liner, who allegedly brought a batch of response coupons from Italy. No one knows Sarty, but no one once asked him. Instead, they pass the story of the reciprocal coupons brought from the mouth to the mouth, about what income this promises them.In February, Ponzi receives, from new investors of dollars, a month later almost $ 25.

He pays the promised interest to his first investors, whom he was brought by the seller of Dianberti vegetables. It produced the effect! They did not just talk about him. We can say that now they were talking about him alone. What do you think have done with their investments and with the income received these first sustainers? Ponzi was spoke outside the Italian community. Sellers in stores - customers, driver of the tram - passengers, hotel porter - guests, everyone talks about unprecedented earnings.

Even the Boston police, after Ponzi sacrificed the wads and orphans of the defenders of law and order, carry their "blood" ponds earned in the office. In April, Ponzi already had an investor and he raised dollars from them. Even today, after a hundred years, this is an impressive amount, and at that time a whole fortune. His office is literally stuffed with money.

Money is everywhere: they are neatly folded into boxes, they lie in the stacks on the floor, ultimately they were thrown into the garbage baskets. Having moved overnight from the "Dirt to the Principles", Pondsi begins to demonstrate his wealth. In May, for the family, and this is he and his young wife, he buys the villa. Having settled in Lexington, a suburbs of Boston, it costs Ponzi $ 36, 30 of which he paid by the SEC bills.

Yes, it is precisely those bills by which he guarantees to double the investment for six months and which, in essence, are just pieces of paper. A very similar situation can be observed today, when cryptocurrency is accepted for goods and services as a payment. Nothing and, the worst thing that is not a single state, as a calculation means, not recognized. And well, the payment would have been in Bitcoin, often it is some kind of a la Dogkoin or Buzkoin, which is even worse.

Ponzi spent the next dollars on a new kitchen, at $ 15 it will cost him a supply to the villa, buying furniture, bears and tigers, a table from Mahagoni, at which all relatives can be simultaneously seated. And like a real Italian Figlio son, he also calls his mother. Madre Imelda swims on the ocean liner, the first class, accompanied by servants. In conclusion, she estimated his fortune at $ 8.5 million.

Readers, literally as fascinated, line up in line to give their money to Ponzi. Ponzi buys everything that falls into his field of vision: a room villa, a pair of expensive cars, the best clothes trimmed with gold, a malakka-will for a rose. In different parts of Boston, industrial and residential buildings. It is not clear why, but he bought Poole, on which he worked in the past. The presence of money has already stopped caring him: they are, there are a lot of them and they are constantly arriving.

More and more new shareholders trust him with their money. In June, Ponzi had new investors and they brought $ 2.5 million. Finally, the state draws attention to his business model: the postal ministry in Washington. In early July, it adopts the law prohibiting "exchange in some hands of the response coupons for the amount exceeding 50 cents." If Ponzi had his business was really built on the conversion of the response coupons, then this law would have to destroy it, but he had a pyramid.

There is no activity in it, there is no need to buy, bring and exchange response coupons, which means that Ponzi will not suffer from the adoption of this law. The adoption of the law and its customers is not concerned. They are alcohol in their desire for quick wealth and blind in Vera Ponzi. After the law, Ponzi collects one million dollars per week. He understands that the business does not create added value sooner or later will fall apart.

Now, if he had his own bank, then he could continue to deceive investors. And by the end of the month he becomes the owner of the Hanover Trust bank, in which there is part of his money. But this was not determined by his choice. The thing is that literally last year, at Hanover Trust, the Ponzi banking banking on dollars for the release of his directory “Guide to International Trade”.

The loan was refused, trampling his pride in the mud. They did not see the potential in him, they did not even give money to pay for the printing house, they will pay expensive for this. Ponzi wanted revenge. Over the next months, the money of his investors, Ponzi bought up the bank assets and thus became its largest shareholder.