27 March

Judge Robert W. Tayler sentences her to ten years in the Ohio Penitentiary.

Cassie Chadwick Convicted

A Cleveland doctor's wife hinted she was Andrew Carnegie's secret daughter. Banks lent her millions on notes no one dared check.

The Supreme Court rules in Ponzi v. Fessenden that Massachusetts may try him on state charges.

Charles Ponzi Convicted

Boston, 1920: an Italian immigrant promised 50% in 45 days on postage coupons. Eight months later his name was a byword for fraud.