Charles Ponzi-He gave "THE SCHEME" its permanent moniker, despite stealing millions, he died penniless

Boston Confidential Beantown's True Crime Podcast

Barry J. Maguire

Drama, Whitey, Boston, Boston True Crime, True Crime, South Boston, Charlestown, Fiction, Roxbury, Dorchester

4.7 • 658 Ratings

🗓️ 17 October 2022

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Send us a text Charles Ponzi was always one to take a short cut. Mr Ponzi hoodwinked his way to a Bank manager position in Montreal, he saw that the bank president was using new investment money to fund payments coming due. The problem was that the investors would take the money and run, not reinvest. Ponzi saw the flaw in this game and the bank soon collapsed. After a stint in a Canadian jail, then American prison, Ponzi returned to Boston and set up shop on school street. He developed a sma...

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0:00.0	Welcome to Boston Confidential, Beantown's True Crime podcast.
0:11.6	Boston is a great city, but there's more to it than the Freedom Trail in Fenway Park.
0:16.6	There's a startling underbelly to the city, and Boston Confidential will take you on a guided tour
0:21.6	of the hub of the universe, Boston, Massachusetts.
0:26.4	Hey, everybody, welcome back to Boston Confidential.
0:29.3	My name's Barry McGuire, and I'm your host.
0:32.0	I'm a 20-year private investigator on the streets of Boston,
0:35.5	and I help run a company called Impact Due Diligence
0:38.4	Investigations. If you need anything in terms of investigative services, feel free to contact
0:44.6	me at Impact. If I can't help you personally, I'll certainly direct you to the right person or agency.
0:51.0	All right, guys, let's get to it. Hey, guys, welcome back to Boston Car Financial. Just some
0:56.2	housekeeping stuff as we usually do at the outset of each episode. We got a massive response to our
1:02.8	last episode, and that was Kenneth Seguin, who killed his entire family, his wife and his
1:10.8	five-year-old son and seven-year-old daughter in the most
1:14.9	horrific ways possible.
1:17.1	It just seemed to be a crazy situation where he did try to get away with this on some level,
1:25.1	but it was done so poorly. Man, I don't know what was going on with that cat he had
1:30.9	previously had depression but depression is like the common cold of the mental health field right
1:38.2	everybody gets it and you might have it for a few weeks few months and you don't even know it
1:43.4	but he had taken some prozac or whatever before when he was diagnosed with this depression.
1:51.5	And seemingly got over it.
1:52.9	And his wife stood by his side.
	...

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