Early Life
Parts of Charles Ponzi's life are somewhat difficult to determine and understand, owing to his propensity to fabricate and embellish facts. He was born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi in Lugo in 1882. He told The New York Times that he had come from a well-to-do family in Parma, Italy. He took a job as a postal worker early on, but soon was accepted into the University of Rome La Sapienza. His friends considered the university a "four-year vacation," and he was inclined to follow them around to bars, cafés, and the opera.
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