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Apr. 30, 2002
Ponzi Scheme Victims May Be Able to Mitigate Losses with Tax Deduction
Focus Column - By Dennis Brager - In the 1920s, Charles Ponzi swindled between 15,000 and 20,000 investors out of almost $10,000,000 by promising them a 50 percent return on their investment in just 90 days. He convinced them that he was buying international postal coupons in foreign countries and selling them in other countries at 100 percent profit.
By Dennis Brager
In the 1920s, Charles Ponzi swindled between 15,000 and 20,000 investors out of almost $10,000,000 by promising them a 50 percent return on their investment in just...
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