Parcast Classic: Charles Ponzi Pt. 1

In the late 1840s in Western New York, two preteen girls tricked their parents into thinking their house was haunted. Their trick grew to include their hometown, and eventually the world, as their little prank became a religious movement known as Modern Spiritualism. Learn more a ...  Show more

In the late 1840s in Western New York, two preteen girls tricked their parents into thinking their house was haunted. Their trick grew to include their hometown, and eventually the world, as their little prank became a religious movement known as Modern Spiritualism. Learn more a ...  Show more

Due to the unfortunate spread of COVID-19, Parcast has decided to halt recording for the time-being. This is a precautionary measure taken to ensure the safety of our hosts and staff. In the meantime, we're excited to share one of our classic episodes that we know you'll enjoy! T ...  Show more

Due to the unfortunate spread of COVID-19, Parcast has decided to halt recording for the time-being. This is a precautionary measure taken to ensure the safety of our hosts and staff. In the meantime, we're excited to share one of our classic episodes that we know you'll enjoy! I ...  Show more

He’s synonymous with fraud today, but the most famous scheme Charles Ponzi pulled in his lifetime was surprisingly short-lived. 

Research:

In the late 1870s, a woman named Sarah Howe started a bank just for single women called the Ladies’ Deposit Company. She asked new customers to tell their friends about the bank rather than advertising in newspapers, and she promised she could almost double their money. Today, th ...  Show more