How was Ponzi's scheme first discovered?
Tax evasion charges
A sudden drop in postal coupon sales
An investigative journalist's work
A disgruntled investor tip-off
Answer
The exposure of Ponzi's scheme stemmed from the relentless efforts of an investigative journalist named William McMasters from the Boston Post. Through thorough research and interviews, McMasters unraveled the fraudulent nature of Ponzi's investment scheme, revealing the lack of legitimate business activities and exposing the Ponzi scheme to the public. His groundbreaking work brought Ponzi's operation under scrutiny and ultimately led to its collapse.
Ponzi Scheme Prodigy: The Charles Ponzi Quiz
More Questions
What is the key difference between a Ponzi scheme and a Pyramid scheme?
What inspired the name "Ponzi scheme"?
What common phrase is associated with Ponzi schemes and similar activities?
What was the fallout after the collapse of Ponzi's scheme?
Did Charles Ponzi invent the fraudulent investment scheme he used?
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