The Hanover Trust Company was a private American bank of the 1920s. Its offices were located in Boston, Massachusetts.[1]

It became infamous initially for turning down Charles Ponzi for a loan of 2,000 dollars[2] (for his IRC scheme) in 1919, and subsequently for being bought up by Charles Ponzi in July 1920.

References

  1. ↑ Zuckoff, Mitchell (10 January 2006). Ponzi's scheme - the true story of a financial legend. New York: Random House Trade Paperbacks. ISBN 0812968360.
  2. ↑ Robert Palestini (2 December 2011). Leadership with a Conscience: Educational Leadership as a Moral Science. R&L Education. p. 101. ISBN 978-1-61048-395-7.


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