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A jury discovered him bad to your securities charges, and the court sentenced him to help you annually in the Florida State Jail. He had been attempted an additional time for the four of one’s remaining costs, and also the jury deadlocked. In addition, it ruled you to definitely Ponzi wasn’t against twice jeopardy while the Massachusetts is charging him having larceny because the government recharged him having mail fraud, as the fees accused an identical unlawful operation. To the 27 February 1922, the brand new Finest Courtroom governed you to definitely government plea bargains don’t have any position out of county charge. In comparison, Bernie Madoff's comparable plan you to folded inside 2008 prices his investors in the $18 billion, 53 times the newest losings of Ponzi's strategy. Ponzi's traders had been almost damaged, finding less than 29 cents to your buck.
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- His scheme ran for over a year before it folded, charging their "investors" $20 million (equal to $237 million within the 2024).
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