Tis Hot Mess History
@tishotmesshistory·199K subscribers·327 videos
The 1870’s Lesbian Who Ran The World’s FIRST Ponzi Scheme | Adele Spitzeder
Posted
November 9, 2024
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Even if you don’t know who Ponzi is, you know the scheme that bears his name. The Ponzi scheme. Ponzi con artists promise to invest your money and generate HIGH returns with little to no risk.
And if we didn’t know any better, we’d believe that Charles Ponzi invented this masterfully deceptive plan. But the first “PONZI’ scheme was carried out by a woman in 1869. 13 years before Charles Ponzi was even born.
Her name was Adele Spitzeder. She was an actress by trade, but not a very good one. Her best acting was done off the stage when she was pretending to be the friendly neighborhood banker.
This is the story of a gilded age grifter who crippled the German economy all because she wanted more than she could afford and she refused to act her wage. This is the story of Adele Spitzeder. Female con artist and total hot mess.
It’s another Hot Mess History scandal from Ti. Your source for the hottest scandals from 1870 - 1940. Whether you are looking for scandals from The Gilded Age, The Titanic, or The Great Depression…you can find them on this channel.
Enjoy!
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