Ponzi set up a larger office, this time in the Niles Building on School Street. Word spread, and investments came in at an ever-increasing rate. Ponzi hired agents and paid them generous commission for every dollar they brought in. In just one month's time, between February and March 1920, the total amount invested had risen from $5,000 to $25,000 ($ to $ in , respectively). As the frenzy began building, 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 raking in a million dollars per week and rising. By the end of July, he was approaching a million dollars per day.