The Publicist Who Dropped a Dime on Charles Ponzi
Fifty percent return on investment in 45 days, the Bernie Madoff of the day promised his clients in 1920. It was so deviously clever, the sham was given a name, the Ponzi Scheme. The New York Times has a story today about Charles Ponzi and the man who brought him down, his publicist William H. McMasters.
McMasters’ memoir “The Ponzi Story” was recently acquired and catalogued by the John Jay College of Criminal Justice and reveals the details of Ponzi’s undoing by McMasters, and the publicist’s bitterness that he didn’t receive bigger credit in the case.
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in