Ponzi's Scheme | On The Go Books

Ponzi's Scheme

AUTHOR(s): Mitchell Zuckoff
PUBLISHER: Random House Audio Publishing Group (March, 2005)
ISBN: 0739318772
MEDIA: 4 CD(s)
ABRIDGED

You've heard of the scheme. Now comes the man behind it. In Mitchell Zuckoff's book, the first nonfiction account of Charles Ponzi, we meet the charismatic rogue who launched the most famous and extraordinary scam in the annals of American finance. It was a time when anything seemed possible - instant wealth, glittering fame, fabulous luxury - and for a run of magical weeks, in the spring and summer of 1920, Charles Ponzi made it all come true. Promising to double investors money in three months, the dapper, charming Ponzi raised the "rob Peter to pay Paul" scam to an art form and raked in millions at his office in downtown Boston. Ponzi's Scheme is the true story of the irresistible scoundrel who launched the most successful scheme of financial alchemy in modern history - the first roar of the Roaring Twenties. Ponzi may have been a charlatan, but he was also a wonderfully likable man. His intentions were noble, his manners impeccable, his sales pitch enchanting. Born to a genteel Italian family, he immigrated to the United States with big dreams but no money. Only after he became hopelessly enamored of a stenographer named Rose Gnecco and persuaded her to marry him did Ponzi light on the means to make his dreams come true. His true motivation was not greed but love. Mitchell Zuckoff conjures up the feverish atmosphere of Boston during the weeks when Ponzi's bubble grew bigger and bigger. At the peak of his success, Ponzi was taking in more than $2 million a week. And then his house of cards came crashing down - thanks in large part to the relentless investigative reporting of Richard Grozier's Boston Post.

Ponzi's Scheme is a classic American tale of immigrant life and the dream of success, and the unexpectedly moving story of a man who - for a fleeting, illusory moment - attained it all.

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This product was added to our catalog on Saturday 09 July, 2005.


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