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The Ponzi Scheme is named after him. He claimed he would double investors' money in 90 days through a bizarre plan to buy and resell international postal-reply coupons. (These, according to the U.S. Postal Service, then operating as the Post Office Department, actually cannot be redeemed for cash.)
The tolls were to be used to pay off bonds to build the road and were to be removed when the bonds were paid. [134] However, tolls continue to be charged to finance improvements to the turnpike system. [171] The toll rate was about $0.01 per mile ($0.0062/km) (equivalent to $0.17 per mile ($0.11/km) in 2023 [110]) when the turnpike opened.