Ponzi's Scheme_ The True Story of a Financial Legend - Mitchell Zuckoff [157]
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“Ponzi or anyone else”: Ibid.
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“From the several articles”: Ibid.
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the temperature approaching eighty degrees; Ponzi stepped outside: “May Enter Politics,” Boston Post, July 31, 1920, p. 5; “Ponzi Gives Aid to Federal Agents,” New York Times, August 1, 1920, p. 10. The temperature comes from a chart on the front page of the Boston Post, July 31, 1920.
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gleefully told reporters: “Federal Officials Begin Ponzi Inquiry,” New York Times, July 31, 1920, p. 2; “May Enter Politics,” Boston Post, July 31, 1920, p. 5.
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“I am not a Red”: “Ponzi Gives Aid to Federal Agents,” New York Times, August 1, 1920, p. 10.
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Pelletier withdrew from the probe: “Allen Guiding Ponzi Inquiry,” Boston Daily Globe, July 31, 1920, p. 1; “Federal Officials Scout Ponzi Claims,” Boston Post, July 31, 1920, p. 1; “Ponzi Sues C. W. Barron for $5,000,000; Pelletier Drops Case; U.S. Audit Begins,” Boston Herald, July 31, 1920, p. 1; “Federal Officials Begin Ponzi Inquiry,” New York Times, July 31, 1920, p. 2; “Ponzi Gives Aid to Federal Agents,” New York Times, August 1, 1920, p. 10.
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a meek-looking fellow named Edwin L. Pride: “Starts Audit of Ponzi’s Books,” Boston Evening Globe, July 30, 1920, p. 1; “Audit on Ponzi Accounts,” Boston Traveler, July 31, 1920, p. 1; “Federal Officials Scout Ponzi Claims,” Boston Post, July 31, 1920, p. 1.
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Ponzi joined Pride for a meeting: “Federal Officials Scout Ponzi Claims,” Boston Post, July 31, 1920, p. 1.
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“There can be but one result.”: Ibid.
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impossible for Ponzi to have made a fortune: “Washington Authorities State He Could Not Possibly Have Made Huge Fortune Dealing in Reply Coupons,” Boston Post, July 31, 1920, p. 1.
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scolded Attorney General Allen: “New Hampshire Taking a Hand in Ponzi Case,” Boston Sunday Post, August 1, 1920, p. 1.
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tapping Ponzi’s telephones: Albert Hurwitz, “The Ponzi Bubble,” Boston Sunday Herald Magazine, August 30, 1970, p. 13. As an assistant attorney general on the Ponzi case, Hurwitz had firsthand knowledge of the telephone taps.
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Allen also sent one of his assistants: “Atty Gen Allen Trying to Get Interview with Ponzi,” Boston Globe, August 2, 1920, p. 2; Albert Hurwitz, “The Ponzi Bubble,” Boston Sunday Herald Magazine, August 30, 1970, p. 13.
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Barron seconded the Post’s conclusion: “Dazzling Future with Limousines Rolling on Coupon Carpet,” Boston Herald, August 1, 1920, p. 8. Reprinted from the Boston News Bureau, which used the headline “ ‘Ponzied’ Finance.”
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Boston American was crowing: “Wife Tells of Ponzi’s Plans,” Boston American, July 1, 1920, p. 1.
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Mr. and Mrs. Charles Ponzi: “Ponzi Promises $100,000 to Home for Children,” Boston Herald, August 1, 1920, p. 1; “New Hampshire Taking a Hand in Ponzi Probe,” Boston Sunday Post, August 1, 1920, p. 1.
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Ponzi got more good publicity: “Ponzi the New Emancipator,” Boston Herald, August 1, 1920, p. 8.
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Ponzi spent a relatively quiet Sunday: “Ponzi Investigation Goes on Day and Night,” New York Times, August 2, 1920, p. 3; “Film Men Keep Ponzi Busy; Ponzi Home Mecca of Curious; Ponzi Takes Flight,” Boston Post, August 2, 1920, p. 6.
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With the cameras rolling: Muriel Caswall, “Ponzi Enjoys Himself Before the Camera,” Boston Sunday Post, August 8, 1920, p. 39. Although the story was published on August 8, it describes a scene that took place a week earlier.
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Ponzi had an inspiration: “Film Men Keep Ponzi Busy; Ponzi Home Mecca of Curious; Ponzi Takes Flight,” Boston Post, August 2, 1920, p. 6.
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He was forty-six, with a young wife: 1920 U.S. Census data on William McMasters and family.
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He called Richard Grozier: “McMasters Loses Both the Ponzi Suits,” Boston Globe, February 11, 1921.
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Grozier offered McMasters the fabulous sum: Kenny, p. 196; “McMasters Loses Both the Ponzi Suits,” Boston Globe, February 11, 1921.
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The story, under McMasters’s byline: “Declares Ponzi Is Now Hopelessly Insolvent,” Boston