Ponzi's Scheme_ The True Story of a Financial Legend - Mitchell Zuckoff [156]
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the swarm of people: “Ponzi Puts Wealth at $24,000,000; Pays Out $750,000 More,” Boston Herald, July 29, 1920, p. 1.
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“Bankers and businessmen can easily understand: “Exchange ‘Wizard’ to Fight Bankers,” New York Times, July 29, 1920, p. 15.
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Ponzi upped his estimate: “Ponzi Puts Wealth at $24,000,000; Pays Out $750,000 More,” Boston Herald, July 29, 1920, p. 1.
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“Now please don’t think that I’m boasting”: “Exchange ‘Wizard’ to Fight Bankers,” New York Times, July 29, 1920, p. 15.
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“As I told Ponzi the other day”: “Uncle Sam to Get the Facts of Ponzi’s Case,” Boston Post, July 29, 1920, p. 1.
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Ponzi relieved the tedium, hunger, and thirst: “Exchange ‘Wizard’ to Fight Bankers,” New York Times, July 29, 1920, p. 15.
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James Francis Morelli: “Receivers Searched Bank Officers’ Boxes,” Boston Globe, September 4, 1920. Also, copies of several of Morelli’s poems were preserved in the library files of the Boston Globe.
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an association called the Ponzi Alliance: “Exchange ‘Wizard’ to Fight Bankers,” New York Times, July 29, 1920, p. 15.
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half to three-quarters of a million dollars: “Uncle Sam to Get the Facts of Ponzi’s Case,” Boston Post, July 29, 1920, p. 1.
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sign written cheerily in crayon: “Ponzi Makes Big Profits from ‘Run,’ ” Boston Daily Globe, July 29, 1920, p. 1.
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company outing at a resort: “Mass of Ponzi’s Papers Found on Junk Heap May Give New Clue to Assets,” Boston Herald, September 2, 1920, p. 1.
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banquet where he was the guest of honor: “McNary Hailed Ponzi as ‘Financial Genius,’ ” Boston Post, August 15, 1920, p. 12.
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William McNary: Congressional biography, found online at http://bioguide.congress.gov/scripts/biodisplay.pl?index=M000584.
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Calvin Coolidge: “Uncle Sam to Get the Facts of Ponzi’s Case,” Boston Post, July 29, 1920, p. 1.
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the Post’s first editorial on Ponzi: “It Cannot Last,” Boston Post, July 29, 1920, editorial page. Editorials were unsigned, but this was clearly the work of Richard Grozier, who wrote it either himself or in collaboration with another writer. Regardless, it was fully his responsibility as the paper’s acting editor and publisher, and he certainly knew that any resulting cost would be borne by him.
Chapter Fourteen: “Even his cows couldn’t give milk.”
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The door to the Bell-in-Hand: “Ponzi to Start ‘Bank’ in New York,” New York Times, July 30, 1920, p. 1.
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time with his new lawyer: “Pelletier Begins to Audit Ponzi’s Books,” Boston Herald, July 30, 1920, p. 1.
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a large revolver lying menacingly: Ibid.
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One young man, sweat dripping: Ibid.
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Just after the four o’clock closing time: “Ponzi to Start ‘Bank’ in New York,” New York Times, July 30, 1920, p. 1.
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When the inevitable question arose: Ibid.
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“And then I found my inspiration”: “Exchange ‘Wizard’ to Fight Bankers,” New York Times, July 29, 1920, p. 1.
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McMasters seemed intent on antagonizing them: “Officials Balked by Ponzi Puzzle,” Boston Post, July 30, 1920, p. 1.
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his old nemesis: “Governor Acts in Ponzi Case,” Boston Evening Globe, July 29, 1920, p. 1.
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an investigation of Ponzi’s rival: “Officials Balked by Ponzi Puzzle,” Boston Post, July 30, 1920, p. 1.
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a tantalizing bit of information: Ibid. Ponzi, pp. 161–62.
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EXTRA: “Coupon Plan Is Exploded,” Boston Post, July 30, 1920, p. 1.
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The Post also turned to ridicule: “Plenty of Opportunity,” editorial cartoon printed in the Boston Post, July 30, 1920, p. 11.
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The Boston Traveler ran a sports column: “Old Scout Jim Compares Babe Ruth with Financier Ponzi,” Boston Traveler, July 30, 1920.
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quoted a North End banker: “Ponzi Pays $1,450,000 in 3 Days,” Boston American, July 30, 1920, p. 1.
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Ponzi’s secret formula for wealth: “N.Y. Man Tells How Ponzi May Get His Millions,” Boston American, July 30, 1920, p. 2.
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In the Friday edition: