Ponzi's Scheme: The True Story of a Financial Legend
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. At the peak of his success, Ponzi was raking in more than $2 million a week at his office in downtown Boston. Then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post. A classic American tale of immigrant life and the dream of success, Ponzi’s Scheme is the amazing story of the magnetic scoundrel who launched the most successful scheme of financial alchemy in modern history.
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Ponzi's scheme: the true story of a financial legendUser Review - Not Available - Book Verdict
In 1920 Boston, men and women responded to newspaper ads placed by Charles Ponzi guaranteeing investors 50 percent interest on their investments in only 45 days. Ponzi devised a classic "robbing Peter ... Read full review
A long circle of bad breaks
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27 School Street agents Arrest asked Attorney General Allen August 12 bank bank’s bankers Barron began Boston American Boston Daily Globe Boston Evening Globe Boston Globe Boston Herald Boston Post Boston Sunday cash Cassullo certiﬁcate Charles Ponzi Chmielinski claimed Clarence Barron Coakley conﬁdence court Curley Daniels depositors deposits editor Edwin Grozier federal ﬁ'om ﬁfteen ﬁgure ﬁle ﬁlled ﬁnancial ﬁnd ﬁne ﬁom ﬁrst ﬁve forty-ﬁve friends Gallagher Gnecco Hanover Trust hundred dollars Hurlbut Hurwitz Ibid International Reply Coupons invest investigation investors Italian Italy July july 27 lawyer loan Locomobile Masellis Massachusetts McMasters million months Montreal newspaper November ofﬁce oﬁice oﬂice paid paper Pelletier police Ponzi knew Ponzi notes Ponzi spent Ponzi told Post reporter prison proﬁts prosecutor Richard Grozier Rose Santosuosso satisﬁed scheme Securities Exchange Company story Sunday Post Swig thousand dollars Trust Company wanted weeks wife York Zarossi