1. Charles Ponzi
... office and pondered his next move. It came to him one day while he was opening his mail in August, 1919. The scheme was called the Ponzi Plan. It used postal reply coupons that were issued by the International Postal Union. Ponzi realized that with so much mail being sent back and forth from country to country that there must be a high demand on ... about it his prior conviction of forgery charges. After Ponzi's empire collapsed, many of his investors admitted that they really didn't have a full understanding of his postal reply scheme. If anyone that would have contacted postal authori...
- Word Count: 2106
- Approx Pages: 8
- Grade Level: High School