Word: ponzi
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Dates: during 1931-1931
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...spectators by the suave and cautious ritual with which he filed his cue-point, sandpapered it, chalked it, then powdered his sharp-fingered hands. Only once was Greenleaf ruffled. That was in his seventh match when he missed his favorite cube of chalk. Puzzled, he asked his opponent, Andrew Ponzi, if he had seen it anywhere. ''I'm not sure!" said Ponzi, then produced it from his pocket where he had slyly secreted it with several scraps...
...beating that Ponzi received thereafter-125 to minus 14-was the most severe on record in the championship. Three nights later, when Frank Taberski lost to him, Greenleaf was assured of a tie. His closest match was against young George Kelly of Philadelphia, nephew of Playwright George Kelly who won the Pulitzer Prize in 1925. Greenleaf's victory -126 to 119-gave him the championship prize of $1,200, in addition to his salary of $6,000 for three weeks' play, and one-sixth of the gate receipts...
...Ponzi from Prison...
...have read your article on "Ponzi Payment in TIME, Jan. 5. Found it interesting, but none too accurate. My hair is neither chestnut nor grey. It's gone. Have never worn lavender pajamas nor pink ribbons on my night shirt. Fur coat and overshoes on extremely cold nights have been my limit...
...TIME told of how Charles Ponzi promised investors a 50% profit in 45 days through his scheme of buying postal reply coupons in countries with depreciated exchange and redeeming them at face value for U. S. stamps. In 1920 he was convicted of using the mails to defraud and sent to Federal penitentiary. In 1924 his term was over but he was then convicted on a State charge, sentenced for seven to nine years. In October he will be eligible for parole. TIME also said that the Ponzi collapse brought down several Boston trust companies. Biggest of the closing institutions...