Evening Republican, Volume 23, Number 286, Rensselaer, Jasper County, 1 December 1920 — PONZI PLEADS GUILTY IN UNITED STATES COURT [ARTICLE]

PONZI PLEADS GUILTY IN UNITED STATES COURT

Charles Ponzi of Boston, Mass., the promoter of the get-rich-quick scheme in which thousands of persons invested millions of dollars before it collapsed last August, plead guilty in the federal district court of Boston Tuesday and was sentenced to five years imprisonment in the Plymouth county jail.