Did Ponzi live a lavish lifestyle while running his scheme?
Yes, he lived an extravagant lifestyle
No, he lived frugally
He lived a middle-class lifestyle
His lifestyle is not well-documented
Answer
Ponzi indeed lived a lavish lifestyle funded by the money he acquired through his fraudulent scheme. He frequently flaunted his wealth through extravagant parties, luxurious purchases, and a grand lifestyle. This conspicuous spending served as a means to attract new investors and maintain the illusion of success, further perpetuating his deceptive pyramid scheme.
Ponzi Scheme Prodigy: The Charles Ponzi Quiz
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