Charles Ponzi

Charles Ponzi was an Italian immigrant who became infamous for his role in creating the Ponzi scheme. Born in 1882 in Italy, Ponzi moved to the United States in the early 1900s and worked as a financier and businessman. He is known for his scheme, which promised investors high returns using international postal reply coupons. Ponzi's scheme quickly fell apart, and he was eventually arrested and convicted of fraud. He died in prison in 1949.