Our Fake History

In this Bonus Episode Sebastian takes questions from listeners about the series on the original Ponzi Scheme. The host investigates the history of the expression "robbing Peter to pay Paul", locates early usages of the phrase "getting Ponzied", and muses about whether all expansionist empires are actually just big Ponzi Schemes. Sebastian also throws out a possible replacement for "Watergate" as the go-to synonym for a scandal. Tune-in and find out how cheeky bank ads, skin grafts, and Atilla the Hun all play role in the story.
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Charles Ponzi's remarkable rise and fall played out over the course of a wild eight month period. He went from being a failed importer-exporter mired in debt to Boston's most talked about self-made millionaire in a matter of weeks. After rebranding his company as the Securities Exchange Company, Ponzi started offering remarkable 50% returns to investors after only 90 days. But almost immediately Ponzi's plan to use postal coupons to game international exchange rates became impractical. But, instead of grabbing as much cash as he could and making a dash, Ponzi believed he could transform his scam into a legitimate business. Was Ponzi ever really serious about going straight? Tune-in and find out how the America's nation menace, Babe Ruth, and guy named Get-Rich-Quick Wallingford all play a role in the story.
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The name Charles Ponzi has become synonymous with financial frauds. In 1920 the formerly obscure Italian immigrant suddenly became one of the most famous men in Boston when his Securities Exchange Company started offering investors remarkable returns. Ponzi claimed that he had discovered an ingenious method of using postal coupons to profit off international exchange rates. However, before the year was out his scheme had totally unraveled. What many Bostonians did not know was that Ponzi was a two-time ex-convict with a history as fraudster. Still, there may have been more to Ponzi than his dishonest reputation would lead you to believe. Ponzi claimed that he was a misunderstood genius. Should we believe him? Tune-in and find out how wasted undergrads, Canadian scammers, and the Hawk Tuah Girl all play a role in the story.
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In this Bonus Episode Sebastian takes questions about the recent series on Buffalo Bill and the Wild West Show. He unpacks Bill's influence on the cowboy hero archetype, dives into the contentious history of scalping, and learns some fun facts about Bill's legacy in Belgium. Tune-in and find out how historical reenactors, P.T Barnum, and questionable mascots all play a role in the story!
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Buffalo Bill's Wild West first started touring outdoor arenas in 1883. What started as a western themed circus soon grew in ambition. In the quest to appeal to respectable middle-class family audiences Buffalo Bill was soon promoting his show as an educational experience. The Wild West was supposedly an authentic exhibition of Western American history and culture. Elaborate historical reenactments became key parts of the program. However, these reenactments were rarely accurate and were often totally fictional. What kind of a story was Buffalo Bill trying to tell about America? Tune-in and find out how tiny sharp-shooters, signed pictures of Sitting Bull, and a bow from Queen Victoria all play a role in the story.
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