The Ponzi Scheme
What is a Ponzi scheme and who is it named after? Today’s featured article enlightens us on that topic. History is so interesting. The Ponzi mansion was recently listed for sale.
The namesake of the Ponzi scheme lived here.
At the time, Charles Ponzi was quite a celebrity. He bought the Colonial Revival at 19 Slocum Road, Lexington, Massachusetts, in 1920, just months before his arrest for the fraudulent investment operations now commonly associated with his name. With 16 rooms, a carriage house, and a garden spanning nearly an acre, the property is grand — an audacious front for a swindler. Click here to learn more.
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