Sarah Howe

Sarah Howe

Born: 1826

Died: January 26, 1892

Nationality: American

Crime: During the 1870’s, Sarah Howe hustled Bostonians in all manner of Fraud and became one of Americas first successful Ponzi-schemers. Howe offered “safety” to female investors, soliciting monies for the charitable organization “The Ladies Deposit” at an 8% return. She garnered half a million dollars at the peak of the Ladies Deposit’s success, from more than a thousand women, which in modern day dollars is just about $11million.

Charges/Sentencing: Howe’s scheme was busted from an investigation by the local newspaper. She was arrested in 1880 and served three years in jail. The moment she was released, she began hustling again and was arrested in 1888.