Live Breaking News & Updates on Bayano River Syndicate

Stay updated with breaking news from Bayano river syndicate. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Flashback: Leo Koretz was Chicago's very own Ponzi

Leo Koretz got burned by a sham investment, which clued him in to the fast track to illicit wealth: Dupe investors with phony land deals, then sustain the charade by recruiting more investors and robbing Peter to pay Paul. He was Chicago's very own Charles Ponzi. ....

New York , United States , Cook County , Nova Scotia , Czech Republic , Lakeview High School , Etta Speyer , Lou Keyte , Halifax Herald , Leo Koretz , Genevieve Forbes Herrick , Rudolph Valentino , Charles Ponzi , Kent College Of Law , Pinehurst Lodge In Nova Scotia , Bayano River Syndicate , Drake Hotel On , Chicago Tribune , Bayano Trust Co , Halifax County , Pinehurst Lodge , Rogers Park , Hyde Park , Lake View High , Chicago Kent College , Wealth Come True ,

Before Ponzi, Leo Koretz was Chicago's biggest con man

Leo Koretz projected himself as wealthy almost beyond imagination. He entertained royally, belonged to tony private clubs, had a box at the opera and drove a Rolls-Royce. What people didn't know at the time was that Koretz was a con man who had bilked naive investors to the tune of at least $2 million through a Ponzi scheme. Born to Jewish parents in what is now the Czech Republic, Koretz was brought to Chicago as a small child. He excelled at debate at Lakeview High School, went on to graduate from Chicago-Kent College of Law in 1901, and by 1917 he was selling stock in the Bayano River Syndicate that purportedly owned 5 million acres in Panama that were gushing with oil. Koretz was lauded as an oil king as he lived a life of luxury in Evanston. But as Chicago detectives and business owners started catching on to his scheme, Koretz ran to Nova Scotia and assumed the alias of Lou Keyte, a moneybags literary critic. The police nabbed him in November 1924, and he was brought back to ....

Lakeview High School , United States , Lou Keyte , Leo Koretz , Charles Ponzi , Kent College Of Law , Bayano River Syndicate , Eastern Europe , Chicago Kent College , Nova Scotia , லேக்வியூ உயர் பள்ளி , ஒன்றுபட்டது மாநிலங்களில் , லூ கீட் , லியோ கோரெட்ஸ் , சார்லஸ் பொஞ்சி , கேண்ட் கல்லூரி ஆஃப் சட்டம் , கிழக்கு யூரோப் , சிகாகோ கேண்ட் கல்லூரி , நோவா ஸ்கோடியா ,