FLOP No. 37 – Boston Office Frenzy: Ponzi I (1920)
GatheringPoint.new: The 50 Biggest Flops in History
To View the Entire List Click here
The Promise: Charles Ponzi promised a 50% return in 45 days. Crowds lined up outside his Boston office. It became a carnival of money-making energy.
What Happened: There was no investment—just redistribution. When the press exposed it, the crowds became a mob. Ponzi was arrested. The scheme’s name lives on.
What Failed: N…
Keep reading with a 7-day free trial
Subscribe to Gathering Point News to keep reading this post and get 7 days of free access to the full post archives.