[Answer] What did Charles Ponzi buy and sell in his infamous “scheme”?

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...1. Land 2. Kitchen utensils 3. Postage coupons 4. Canned food

Step 2 : Answer to the question "What did Charles Ponzi buy and sell in his infamous “scheme”?"

Postage coupons - Charles Ponzi's infamous scheme was founded around an unlikely culprit — postage stamps. A 21-year-old Ponzi arrived in the United States in 1903 from Italy, and over the next dozen or so years he was fired from a string of jobs for dishonesty and scamming before landing on his most successful scheme: get rich quick through the Postal Service. Through the established system of having a coupon included in international mail that could be exchanged for return postage, Ponzi discovered that he could make quite a few quick bucks by purchasing some of these coupons internationally, exchanging them for higher value American stamps, and then selling these stamps. While at first everything seemed above table, it wouldn't be a Ponzi scheme without there being a scam — he began recruiting investors, promising to pay back their investments within days. At one point he was raking in millions of dollars, but because there was no real business and no actual investments, Ponzi's scheme eventually fell apart — but his name lived on as a word now synonymous with fraud.:

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