Show R Ii I n I t Ponzi Wiza Ponzi Wizard d the case of Charles Ponzi Boston money noney wizard who po reached o out t and look took took-so so he sa s s from somebody for his own pocket in eight months to say no nothing hing- hing pf f the money he made d for investors fI First off you have hav i f to admire his cleverness V He bought bought foreign of ign m money n y at d dus us discounts and nd h had it sent back to Ameri Amer- Amer j t ti i in money orders or international reply k coupons pons pon's which he was able to cas cash at par H He turned to his own advantage the failure the of various various' governments to keep pace in Heir money order regulations with the movements move move- ments of exchange Pretty shrewd So Sd he but was was but when you iI have said that you have said about all allf f re is to be said for Charles Ponzi Ponzio Rockefeller Rock Rock- eller t amassed millions but millions but he produced oil il 11 Carnegie amassed millions and turned mountains of steel The list is lon long f Ponzi amassed millions and produced d pp hing He did let a handful of people in inI I his rich quick scheme but aside from 1 se investors and his own shrewd self 1 ti he h has done the world no o good goodS A And Ad d Some debt burdened country or countries n haVe he l e to foot the bill He is the least desirable variety of I mad niad money money-m money ker However the However the s g government which is now frantically 1 Mr Ponzi is at the same tl time tiie e bragging of ha having ving m made de millions by bythe bythe bythe the same general process Uncle Sam has been charging the customers of his postoffice postoffice post post- office plus fee for sending a British post post-I pound worth less than 4 4 to England by international money order These customers could have gone to a bank and bought a pound dr drift draft ft at the prevailing prevailing prevailing pre pre- rate about a a dollar cheaper than thai the postal price Same Sante with French francs Same with Italian money Moreover the people who went to the post postoffice office and sent these postal money orders were people who didn't know much about finance and exchange exchange ex ex- change and who trusted Uncle Sam Why all the investigation gentlemen of the government You OUGHT to know how howit's howit's howit's its it's done |