A Mysterious Bank

In the late 1870s, a woman named Sarah Howe started a bank just for single women called the Ladies’ Deposit Company. She asked new customers to tell their friends about the bank rather than advertising in newspapers, and she promised she could almost double their money. Today, the story of the woman running a Ponzi scheme before Charles Ponzi was even born. Say hello on Twitter, Facebook and Instagram. Sign up for our occasional newsletter, The Accomplice. Follow the show and review us on Apple Podcasts: iTunes.com/CriminalShow. Listen back through our archives at youtube.com/criminalpodcast. We also make This is Love and Phoebe Reads a Mystery. Artwork by Julienne Alexander. Episode transcripts are posted on our website. Learn more about your ad choices. Visit podcastchoices.com/adchoices