Letter: Greatest Ponzi scheme ever is bilking of taxpayers, he says
TO THE EDITOR:
International Reply Coupons.
If you are not familiar with that term, you should educate yourself. These coupons, known as IRCs, were the basis of the original Ponzi scheme.
Charles Ponzi figured out how to build upon the age-old pyramid scam to bilk investors. Even though Ponzi went to jail for his crime, he left us the legacy known as the "Ponzi Scheme."