24 April 2013

Question Of The Day #46: Confidence Trickster

Weekly Theme: Finance

Connect to a person,  This scheme is named after him.

Answer: (Please highlight the text below)

Charles Ponzi, an Italian businessman and con artist in the U.S. and Canada. He promised clients a 50% profit within 45 days, or 100% profit within 90 days. This type of scheme is now known as a "Ponzi scheme".