Ponzi set up a larger office, this time in the Niles Building on School Street. Word spread, and investments increased rapidly. Ponzi hired agents and paid them generous commissions. Between February and March 1920, the total amount invested had risen from $5,000 to $25,000 ($ to $ in , respectively). As the scheme grew, Ponzi hired agents to seek out new investors in New England and New Jersey. At that time, investors were being paid impressive rates, which subsequently encouraged others to invest. By May 1920, he had made $420,000 (). By June 1920, people had invested $2.5 million in Ponzi's scheme (). By July, he was approaching a million dollars per day.
pOnzI set up a larger oFfICE, this time in The nilEs builDing on sCHoOl sTreet. wOrd SpRead, and investmEnts IncREASED RapIdly. pOnZi hired agentS anD paId thEM GeNerOus coMmissIons. bEtWeen February And maRch 1920, tHE tOtAl amount investeD had risen from $5,000 tO $25,000 ($ TO $ IN , ResPEctively). aS tHe sCheme Grew, POnzI hIred AGents to SEEk ouT NEw InVesTOrs In New englanD ANd nEw jeRSey. at thaT TiMe, investOrs WeRe being paId impressive RaTeS, whIch subSeqUEnTlY encourageD others to iNvesT. bY mAy 1920, he had MAde $420,000 (). by jUne 1920, people haD invested $2.5 MILlIOn in ponzi's ScheMe (). By JulY, he was ApproachiNg a miLlion DOllaRS per dAy.