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Saturday, March 3, 2018

Ah! The Man Steenson Looks Up To - Charles Ponzi

Charles Ponzi
Charles Ponzi.jpg
Ponzi in August 1920
BornCarlo Pietro Giovanni Guglielmo Tebaldo Ponzi
March 3, 1882
LugoItaly
DiedJanuary 18, 1949 (aged 66)
Rio de JaneiroBrazil
NationalityItalian
Other namesCarlo and Charles P. Bianchi
OccupationFinancierconfidence trickster
Known forPonzi scheme
Criminal chargeForgery (Canada), mail fraud(federal), larceny (state)
Criminal penalty3 years in Canada 1908–1911; 5 years federal (served 3 and half years before facing state charge) 1920–1922; 9 years state 1927–1934; deportation in 1934
Spouse(s)Rose Gnecco (1918–1937, divorced)
Parent(s)Oreste and Imelde Ponzi
MotiveFinancial gain
Charles Ponzi, (born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949), was an Italianswindler and con artist in the U.S. and Canada. His aliases include Charles PonciCarlo, and Charles P. Bianchi.[1] Born and raised in Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days, or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the United States as a form of arbitrage.[2][3] In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudlent investment scheme was not originally invented by Ponzi, it became so identified with him that it now is referred to as a Ponzi scheme. His scheme ran for over a year before it collapsed, costing his "investors" $20 million.
Ponzi may have been inspired by the scheme of William F. Miller, a Brooklyn bookkeeper who in 1899 used the same scheme to take in $1 million.[4] In addition, "The Man Who Broke the Bank at Monte Carlo"Charles Deville Wells, had operated a very similar scheme in France in 1910–11, when – under the alias "Lucien Rivier" – he had set up a phony bank, to the detriment of his 6,000 victims.[5]


14 comments:

  1. Glenda has got a mad on, people have been talking about her lover ole Jeffreys boy. PECAN CIRCLE, CHEAP CIGARS, Y’ALL ARE GOING TOO GET CAUGHT, PATRICK IS GOING TO BE JEALOUS, YOUR HOME IS A MOLD INFESTED TURD, PAY YOUR BILLS, $77,000 LIEN, BANKRUPT GLENDA AND BANKRUPT HAROLD!!!!

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  2. Glenda you are a fool. You know when you put some garbage out like this article you are going to get your shot run through the mud for days. I am beginning to think you get your rocks off by having people put you down. A real puzzler !!!!

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  3. She does, it’s called starving for attention.

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    1. Of course she knows what she is doing. She is starving for attention, and only gets it from Jeffreys and the people who slam her on this site. You need professional help Glenda, not just some local counselor, I am talking real help. Maybe look into shock therapy or something. Right now you are a miserable waste of space. People gave you some good advice earlier this week, you should seriously consider taking it. Honey, you are nutty.

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  4. Glenda I believe you are on too something. But I think in order to have a Ponzi scheme some people are suppose to get paid. In the Performance Auto Sales debacle the only people that got paid were Jeffreys and those criminal kids of his. He really should have paid some other investors to keep it legit.

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    1. Apparently you are a major dumb ass. Check out Pacer to get the real story then run your big mouth. If you think Jeffreys is the only pos in the bankruptcy you need to educate yourself. Or, maybe you should keep you head in the sand, or maybe you should smoke some more wacky weed.

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  5. I hear that Glenda and Jeffreys are planning a little afternoon ride out through Lawrence county today. Of course Glenda will have to drive because Jeffreys hasn’t fully got his bearings back. But the good news is, he has graduated from diapers and moved on up to depends. I personally think y’all should pick up Slick Rick and Jerry Knight, you 4 geniuses might re-invent the wheel. What do you do with husband Harold while you are out catting around Glenda, put him in a cage??

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  6. Ah another stupid ass story, while Glenda husband sits at home suffering. Glenda probably hopes ge will check out so she can spend more time getting all excited saying Ana, Steenson name.

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  7. Glenda doesn't care about her poor husband or family. Glenda only cares for herself, hoping to be famous one day. Kinda like Pee Wee Sherman.

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  8. All Glenda wants is to be part of the in crowd. All of the people she talks about with the exception of the Jeffreys family wouldn’t give her the time of day. She is a miserable ole witch that is begging for attention, Glenda you should seek help.

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    1. That's absolute truth. No one likes her, so the only way to have anyone say her name is by posting old outdated information, that no one cares about anymore. Ana decided not to seek re election now all the whoop la is over, Glenda is going nuts trying to figure out how to make people think she's important.

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    2. I am loving it. You guys are going to the big house. Real soon. Yet you claim Glenda craves attention. Are you for real. Damn she has been blogging about you dirty bastards for two years. The Bankruptcy Attorney just verified everything she said about your sorry asses. Good luck scum bags.

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    3. Your right, she has been repeating the same ole shit for two years. Where are the lawsuits in the Jeffreys Glenda? Let’s see those 10 days too late.

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  9. She may be crazy buy she clipped the corrupt sherriffs wings and brought her and the other corrupt pigs to a thrashing like they ain't never seen. Go big G

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