East Boston's immigration station
Charles Ponzi -- for whom the Ponzi scheme is named -- passed through the immigration station. Here, he's seen in 1934. Ponzi gained fame in 1920 in Boston on a simple promise: Double your money in 90 days. He claimed that he had discovered a secret profit recipe involving foreign exchange rates, using obscure financial instruments called International Reply Coupons. His promises were a scam, and police arrested Ponzi and sent him to jail. After his release, Ponzi was deported back to Italy.