How much profit did Charles Ponzi's scheme promise in 45 days?
25%
35%
45%
50%
Answer
The scheme promised investors a 50% return on their investment in just 45 days, which was significantly higher than the prevailing interest rates at the time. This extraordinary return was achieved through a fraudulent practice known as a "Ponzi scheme," where early investors were paid off with money from new investors, creating an illusion of profitability.
Ponzi Scheme Prodigy: The Charles Ponzi Quiz
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