In a novel initiative to educate the public about investment scams, Italy’s Companies and Exchange Commission (CONSOB) has crafted an engaging theatrical production focusing on the notorious figure Charles Ponzi. The play, scripted by Nadia Linciano and actor Massimo Giordano, beautifully blends entertainment with awareness about the risks associated with various fraudulent investment schemes.

Scheduled for March 10 at the Novoli Theater, the performance delves into the life of Charles Ponzi, who is widely recognized for his infamous “Ponzi scheme.” This scheme, established over a century ago by the Italian immigrant in the United States, remains one of the most common financial fraud models encountered today. The play is inspired by Ponzi’s own autobiography written during his incarceration, highlighting both his rise and fall.

Post-performance discussions will take place, featuring Alessandro Prontera, Deputy Prosecutor at the Lecce Public Prosecutor’s Office, and Paola Soccorso, head of CONSOB’s Financial Education Office, who will inform attendees about prevalent fraudulent practices.

A follow-up event is set for March 11 at the Centro Polivalente “Sindaco E. Greco” in Caprarica di Lecce, providing audiences with an opportunity to further explore Ponzi’s story. His infamous operation ensnared around 40,000 investors in Boston during the early 1900s, allured by the promise of unrealistic financial returns. Ultimately, Ponzi’s deceitful scheme led to a collapse, resulting in his arrest and imprisonment.

The relevance of the “Ponzi scheme” endures in contemporary times, with modern financial scams often echoing its structure. Current news frequently reports on similar fraudulent practices that exploit untrained investors’ impulsiveness, offering glamorous returns that are, in fact, redesigned versions of Ponzi’s original deception.

Through this unique educational approach, the audience is expected to become more vigilant against potential investment traps and develop a clearer understanding of financial safety. The endeavor illustrates how the arts can serve as a powerful medium for public education on serious topics such as financial literacy and consumer protection.