Sarah Howe (The Scheme Queen) & The Ladies Deposit Company

In this episode, Sara and Danny take it all the way back to eighth grade Social Studies and recount the story of the woman who started a Ponzi scheme before it was even a thing. Howe launched a ‘charity’ to help unmarried women (aka Unprotected Females aka millennial Girl Bosses) and got them to make small donations to help her Swanky Bank. Her #gatekeeping was so successful that male reporters literally couldn’t even get inside her building when her business endeavors got suspicious. Unfortunately she wasn’t a #womanhelpingwomen; when her clients demanded their money back, Howe couldn’t pay them back. Then, the NY Times claimed that women shouldn’t be trusted with money. But Howe was anything but stupid. Finally, Sara and Danny finish things off with some trivia: Sarah Howe did it happen? Learn more about your ad choices. Visit megaphone.fm/adchoices