"Shares but Ponzi shook shook his head. He wanted all of it. He wanted the entire company. Who'll loft loft? He couldn't comprehend the idea of his former Clark. Coming out of the blue to take over his business. Pool skeptically told Pudsey exactly how much it would take to buy. The company Ponzi took out his checkbook and started writing pool ooh shocked. He accused Ponzi of bluffing. Ponzi simply replied Jr.. I never love after some negotiations Ponzi board the JR Pool Company for two hundred and forty thousand dollars approximately three million dollars today. But he didn't stop there. He was building an empire after all he wanted wanted to control a bank controlling a financial institution gave him a safety net in the form of a huge pile of cash in other words leads. If he owned a bank he would become too big to fail but once again Ponzi made his business dealings personal. He didn't want just any bank. He decided he was going to buy the Hanover. Trust a smaller scale Boston Austin Bank and not so coincidentally. The bank had repeatedly refused to give Ponzi alone for his past business. Ventures the the embodiment of that rejection was Henry Schimmel Linski the bank's president and the man who had personally refused ponzis previous loan applications nations. He was an imposing and refined gentlemen a perfect representative of the elites the Pudsey so desperately wanted to be a part of Hanover. was his white whale. ponzis plan to buy out Szymanski's bank required significantly more strategy than his takeover takeover of the JR Pool Company. Over the course of a few months. He began buying the bank's stock as much and as quickly as he could next he became the biggest. Client slowly depositing two point seven million dollars. Nearly fourteen million dollars is today in the bank's coffers. It was a strategic amount. The institution itself was only valued at five million dollars colors. Eventually he met with Schimmel Linski and revealed his hand. Ponzi told him that he wanted enough stock to control the bank. When Schimmel Linski balked Pudsey used the weight of his financial power and threatened to withdraw all at once the millions he had deposited into their accounts counts Schimmel Linski knowing how disastrous this individual withdrawal would be had to make a deal? He agreed read to a middle ground. Fifteen hundred shares. Not Quite enough to control the entire bank. Hornsea took the deal smacking. Has He shook Szymanski's hack. He had no idea that Ponzi had already met and Schmooze with the banks Italian immigrants stockholders with this support. He was sure to make up the difference in shares and in effect still control the bank shimmer. Alinsky didn't know it but he had just sold his bank to a scam amortised. Everything was going huffily. FA- Charles Ponzi. His ownership of the Hanover Trust Bank and assorted other companies ensured him a constant influx of money to keep his pyramid funded. It also transformed him into a respected Estonian businessman. Osman it wasn't long before he was invited into the inner circle of wealthy elites. It was the perfect time for a figure from ponzis shadowy post to reenter his life and threaten everything he had built coming up. Charles Ponzi encounters. A man hell bent on exposing Ponzi for what he truly is Now back to the story by one thousand nine hundred thirty eight year old Charles Ponzi had gone from low class Italian immigrant to the toast of Boston. A financial wizard whose miracle investments game had made him a millionaire. Ah His scheme was of course a massive pyramid scam that paid all investors with new investors money but the plan would continue to work as long as new investors kept streaming in and those at the top of the pyramid kept raking in money. But it was at this time the height of his power that an old acquaintance arrived in Boston and threatened to expose lows Ponzi as a criminal. Louis Kasulo was exactly the sort of man that Charles Ponzi did not want to be associated associated with also Italian Emigrant. Kasulo was a low class criminal who stole from the poor drunk and infirm. Uh The two Meta cellmates at the Saint Vincent Depaul Penitentiary where they spent that time crushing rocks and surviving the brutal cold. The two simply tolerated each other's presence Hornsey looked down on Kasulo and casula resented pansies unearned elitism twelve years later in nineteen twenty. Kasulo arrived in Boston and discovered that his former cellmate was now a successful and respected respected businessman. It made him the perfect target for blackmail. In the spring of Nineteen Twenty casula visited visited Ponzis offices at twenty seven school street pushed past the line of aspiring investors and walked straight into ponzis office. Ponzi didn't recognize him at first thinking he was just another Investa. He gave the man a friendly greeting and offered him a seat. Kasulo Soula smirked. As he sat down then taking off his hat he asked if Ponzi recognized him. The color drained from ponzis face as he realized who the man sitting across his desk was he couldn't bring himself to say a word so Kasulo talked instead. He acted like an old friend asking after his mother's health and inquiring about his business but Ponzi knew what was happening. Even if Kasulo did an outright say it he was being threatened attend both Ponzi and Kasulo knew that if the truth came out about ponzis criminal past his reputation would be destroyed destroyed. The whole pyramid would come tumbling down so to keep him quiet. Honsi offered Kasulo money any but he wasn't going to just pay him Kasulo to work for it. Kasulo enthusiastically accepted shaking his hand. The greatest threat to pansies empire became his newest employee. Honsi did his best to insulate Kasulo from the inner workings of his company sending him on meaningless tasks or occasionally ones meant to get him arrested like sending him to buy bootleg whiskey and Kasulo of course took advantage of any opportunities. He had to skim off. The top of ponzis cash often brazenly thinly stealing in front of other employees because of what he knew he was untouchable he even took to forging ponzis investors his nose and getting strangers to cash them out but Ponzi was forced to do anything to keep Kasulo satisfied and quiet that included buying Kasulo and his wife and newly renovated house by the coast and ignoring his blatant company. Theft this pressure from Kasulo made Ponzi confront some hard truths his scam would eventually reach a tipping point. Either they would run out of new investors or Kasulo would follow through on his blackmail threats or someone else would figure out the truth about his business and have him arrested eventually. Ponzi would have to make a decision flee with his cash Asia or face the authorities if all else failed he reasoned he could take whatever money he could grab and return and Italy with his wife for the time being however Ponzi was still riding high in June of Nineteen Twenty He. He got his first taste of wide publicity. The Boston traveler a major newspaper published an article about his investment firm. The peace focused on the incredible returns. It was paying investors and intrigued readers. Sort Ponzi out cash in hand mall all money meant Ponzi. Wanted More for himself. Honsi paid off his wife's family's debts and bought a custom build limousine according to psychologist. Maria CONACO VER- large-scale. Con Artists like Ponzi. A motivated by appearances and driven and by Narcissism Honsi always believed that he deserved to be a millionaire and didn't care if he took shortcuts to get."