

Charles Ponzi and the 50 Percent in 45 Days Scam That Built Modern Fraud
In the summer of 1920, people queued in Boston to hand their savings to a man who promised something no ordinary bank could touch: 50% profit in 45 days. Not in years. Not even in months. In a month and a half. Charles Ponzi looked like proof that the impossible had become practical. Early investors received their money back with the promised profit. Newspapers printed his name. Crowds grew. The scheme seemed to be powered by some clever crack in the world economy, a trick in


Jesse Livermore The Trader Who Shorted Crashes and Lost It All
Jesse Livermore became famous for doing the thing most people cannot bear to do. When markets were euphoric, he sold. When crowds believed prices could only rise, he watched for weakness. Twice, in 1907 and 1929, he stood on the wrong side of public optimism and the right side of history. The rewards were staggering. Livermore made fortunes from crashes, including a reported fortune of around $100 million after the 1929 collapse, a sum worth vastly more in modern terms. He wa




























