10 High Profile White Collar Criminals and Their Crime Cases in America

Page 4 of 10

 

8. Charles Ponzi

Prison sentence: 14 years

If you’ve heard the term “Ponzi scheme” before, this is where it came from. Charles Ponzi would buy discounted postage coupons from Canada and other countries and then sell them full price in the US. He would pay his old investors with money from new investors in order to amass a large sum of money. The law caught up to him in 1910.

Page 4 of 10