Download or read book The Rise of Mr Ponzi written by Charles Ponzi and published by . This book was released on 2017 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Rise of Mr Ponzi written by Charles Ponzi and published by . This book was released on 2009-12 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ponzi s Scheme written by Mitchell Zuckoff and published by Random House Trade Paperbacks. This book was released on 2006-01-10 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book The Rise of Mr Ponzi written by Charles Ponzi and published by . This book was released on 1937 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Too Good to Be True written by Erin Arvedlund and published by Penguin. This book was released on 2010-07-06 with total page 329 pages. Available in PDF, EPUB and Kindle. Book excerpt: The untold story of the Madoff scandal, by one of the first journalists to question his investment practices Despite all the headlines about Bernard Madoff, he is still shrouded in mystery. How did he fool so many smart investors for so long? Who among his family and employees knew the truth? The person best qualified to answer these questions is Erin Arvedlund. In early 2001, she was suspicious of the amazing returns of Madoff's hedge fund. Her subsequent article in Barron's could have prevented a lot of misery, had the SEC followed up. Arvedlund presents a sweeping narrative of Madoff's career-from his youth in Queens, New York, to his early days working for his fatherin- law, and finally to infamy as the world's most notorious swindler. Readers will be fascinated by Arvedlund's portrayal of Madoff, his empire, and all those who never considered that he might be too good to be true.
Download or read book Ponzi written by Donald Dunn and published by Crown. This book was released on 2004-03-23 with total page 370 pages. Available in PDF, EPUB and Kindle. Book excerpt: Just who was the man whose name has become synonymous with the classic “rob-Peter-to-pay-Paul” scam in which money from new investors is used to reward earlier ones? In December 1919, he was an unknown thirty-eight-year-old, self-educated Italian immigrant with a borrowed two-hundred dollars in his pocket. Six months later, he was Boston’s famed “wizard of finance,” lionized by the public and politicians alike. Based on exclusive interviews with people who knew Charles Ponzi, lent him their money, and exposed him, Donald Dunn’s Ponzi recreates both one of America’s most notorious and colorful financial con artists and the mad money-hungry era in which he thrived.
Download or read book Need and Greed written by Stewart L. Weisman and published by Syracuse University Press. This book was released on 1999-12-01 with total page 408 pages. Available in PDF, EPUB and Kindle. Book excerpt: More than just a tale of manipulated financial statements, counterfeit securities, sham transactions, and cyber fraud, this story is intertwined with personalities from among the rich and famous who were involved, in some fashion, such as Governor George Pataki, actress Debbie Reynolds, attorney F. Lee Bailey, and the former chairman of the SEC. In the largest pyramid scheme in American history, the Bennett Companies which even looted their own employee's pension fund, fleeced more than 12,000 investors, 10,000 trade creditors, and 245 banks and financial institutions, of more than $1 billion. A Ponzi scheme-named for Charles Ponzi, who enticed investors with promises of high returns to purchase worthless coupons in the 1920s- was taken to new heights in the 1990s by the Bennett Companies. Extensively documented, Need and Greed follows the human drama as a small-time scam grows exponentially into nationwide holdings of hotels, floating and fixed casinos, office buildings, shopping malls, and other investments. It also allows the reader a rare view into the inner workings of big-time crime, its prosecution, and subsequent civil litigation. Throughout the book, Weisman includes vignettes about hapless investors, portraits of the Bennetts and other key players, the corporate culture at Bennett Funding, and the trappings of the lush Bennett lifestyle.
Download or read book The Ultimate Ponzi written by Chuck Malkus and published by Arcadia Publishing. This book was released on 2013-01-21 with total page 187 pages. Available in PDF, EPUB and Kindle. Book excerpt: This true crime exposé details the exploits of a Florida lawyer and master con artist who stole more than a billion dollars before getting caught. In what became one of the most ruthless Ponzi schemes in United States history, Fort Lauderdale attorney Scott Rothstein stole $1.4 billion to finance his opulent lifestyle. It’s a story of corruption, murder, sex, and suicide in which no one is innocent. From Rothstein’s humble beginnings in the Bronx through his sudden rise to become one of the most powerful men in Florida, the full story is revealed in The Ultimate Ponzi. An employment lawyer of flamboyant charm and seemingly endless wealth, Rothstein infiltrated South Florida society by posing as a philanthropist. All the while, he was using criminal kingpin methods to corrupt one prominent businessman after another. But in late 2009, South Florida learned that Rothstein was far from generous—he was a destructive con artist who plundered investor accounts to build his own fortune. With photographs and input from community members and psychologists, The Ultimate Ponzi reveals the man behind the scam that deceived hundreds. Despite Rothstein’s lavish lifestyle, he was unable to escape judgment both from the law and from the society he used to manipulate.
Download or read book No One Would Listen written by Harry Markopolos and published by John Wiley & Sons. This book was released on 2011-02-08 with total page 382 pages. Available in PDF, EPUB and Kindle. Book excerpt: Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system. The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.
Download or read book Planet Ponzi written by Mitch Feierstein and published by Glacier USA INC. This book was released on 2012-02-02 with total page 413 pages. Available in PDF, EPUB and Kindle. Book excerpt: "As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets - and ultimately, an economic disaster which has dwarfed all others. The Eurozone crisis and the LIBOR manipulation scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver"--Publisher.
Download or read book Miles Away Worlds Apart written by Alan Sakowitz and published by Publish Green. This book was released on 2010 with total page 252 pages. Available in PDF, EPUB and Kindle. Book excerpt: Alan Sakowitz, a whistleblower of a Madoff-like Ponzi scheme masterminded by Scott Rothstein, fraudster extraordinaire, tells of the story of his decision to turn in Rothstein regardless of the possible dangerous ramifications of such a decision. The saga of Rothstein's rise and fall which included a Warren Yacht, two Bugattis, Governor Crist, the former Versace mansion, The Eagles, and even the murder of a law partner, is the stuff that Hollywood movies are made from. Instead of the mere accounting of such a scandal, Sakowitz uses the Rothstein scheme as a cautionary tale in stark contrast to the stories of humble, ethical individuals living within Sakowitz's neighborhood in North Miami Beach, Florida, Sakowitz's neighbors are people who have spent their lives trying to assist others, not line their pockets, and through these stories Sakowitz creates a sharp dichotomy between the greed, of a Rothstein and its mainstream culture of consumption and the charity, kindness and selflessness of a principle-oriented community. Indeed, Sakowitz speaks to the symptoms of a culture that could create a Scott Rothstein, and, though acknowledging that the easy way out is not simple to dismiss, offers remedies to the growing ills of our entitlement society. The answer, Sakowitz says, lies in thinking first of others, and how one's actions should benefit the lives of friends, not one's short-term gratifications.
Download or read book Bernie Madoff the Wizard of Lies written by Diana B. Henriques and published by Oneworld Publications. This book was released on 2011-08-18 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on award-winning reporter Diana Henriques' unprecedented access to Madoff, including extensive correspondence and his first interviews for publication since his arrest, "Bernie Madoff, The Wizard of Lies" is the ultimate true-life financial thriller.
Download or read book Good Night Dear Hart Good Night written by Jeannie Gionfriddo and published by Epigraph Publishing. This book was released on 2016-06-01 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: The year is 1920, and Bostonians from all walks of life- rich and poor, young and old, blue collar and white collar- are being enticed to invest their life savings with a friendly, charismatic Italian-American by the name of Charles Ponzi. Some are well meaning, while others are simply greedy. Little do they know that he is neither a financial wizard nor a boldly innovative thinker, but a grandiose fraudster and clever con artist who has kept under wraps a Canadian prison record for bank fraud- and who now seeks to make his obsessive dream of amassing great wealth come true at the huge expense of thousands of innocent people. Ponzi's incredible persuasive power to dupe foolish investors quickly extends beyond the city borders, and the overall fiscal health of the entire Commonwealth is soon under close scrutiny by Governor Calvin Coolidge, who entrusts Massachusetts Bank Commissioner Joseph C. Allen to investigate. When Allen seizes five banks and prevents Ponzi from accessing his stolen millions, the swindler's fate hangs in the balance. However, the full brunt of public wrath comes to bear on Allen and his wife, Hart-Lester Harris Allen- and even worse, their happy future together becomes highly questionable when a mob contract is put out on his life. As told through the eyes of Hart-Lester, Good Night, Dear Hart, Good Night opens with her idealistic, romantic adventures as a wealthy young college graduate; her marriage to Allen and their early trials and tribulations; and how Hart and Joe's paths unfortunately cross with the cunning Ponzi, whose own rise to power and rapid descent unfolds in alternating chapters. The book, written in narrative non-fiction style, is based on the author's interviews with Hart-Lester, other eyewitness accounts and associated correspondence, and newspaper and journal articles from this turbulent time in Boston's history. It offers a fascinating look at a bygone era as well as an examination of Ponzi, the smooth talking criminal and inventor of the first 'get-rich-quick' scheme that to this day continues to be reinvented (Bernard Madoff in 2009).
Download or read book The Ponzi Scheme Puzzle written by Tamar Frankel and published by Oxford University Press. This book was released on 2012-07-16 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: Charles Ponzi perpetrated his infamous scheme almost a hundred years ago. But his method of using new investments to pay existing investors and finance a highflying lifestyle is alive and well: just as much money is lost in the United States today from Ponzi schemes as from shoplifting. Somehow, con artists are able to dazzle wealthy, educated individuals and sophisticated institutions and convince them to hand over huge sums of money. How? In The Ponzi Scheme Puzzle, renowned legal scholar Tamar Frankel explores these con artists' fascinating power of persuasion and deception, uncovering the subtle signals that mimic truth and honesty. After years of close study of hundreds of cases, Frankel explains the striking patterns that emerge and the common characteristics of the con artists and their victims. She offers clear yet comprehensive descriptions of the various designs of Ponzi schemers' attractive offers and flags the ways in which they mask their deception through specialized methods of advertising and selling. She then constructs lucid profiles of the con artists and their victims, exposing the core nature of the people at the heart of the schemes and showing how over time the lines between predator and prey are blurred. There are indeed many lessons to learn from these stories, and Frankel brings them to light through the insightful results of her research. She shows how peoples' attitudes are ambivalent and uncertain toward con artists, perhaps because their behavior is so seemingly honest, because they act like the social leaders with whom they are likely to mingle, or perhaps because their actions are thought to shake up a complacent society. Frankel concludes by offering a surprising solution on how to prevent charming, dangerous con artists from perpetuating the enduring, disastrous legacy of Charles Ponzi.
Download or read book Charles Ponzi and the Ponzi Scheme written by Charles River Editors and published by . This book was released on 2019-09-05 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: *Includes pictures *Includes a bibliography for further reading "I went looking for trouble, and I found it." - Charles Ponzi Though few people are familiar with the story of his life, Charles Ponzi's name is almost instantly recognizable thanks to the famous financial scandal named after him. This is somewhat ironic because, while his last name has become synonymous with financial scandal and many recognize how a Ponzi scheme works, some have argued that Ponzi really did not know what he was doing while it was taking place. When reading many of the books and articles written about him, it does seem as though Ponzi believed he would be able to pay back his investors at one point or another. In fact, the scheme that Ponzi created was not a new one - it was historically known as "robbing Peter to pay Paul" - but Ponzi became famous for it because he was able to create a scam in this way on a massive scale. When he was finally caught, it led to the investigation and collapse of several estates and banks, and Massachusetts subsequently found itself in a banking crisis. Moreover, one of the most interesting aspects of the affair is that people from many different social backgrounds and classes were affected by Ponzi's scandal. He took money from teenagers who had savings as low as $20, and he also took millions from New York City's elite. Ponzi's scheme involved scamming investors by promising them a bigger return on their investments than was actually possible. Every investor's money would just be put into a large pool to pay back past investors, and while Ponzi was hardly the first person to engage in such a scheme, the 1920s were ripe for this kind of financial conning. The Roaring Twenties became famous for frivolity, flappers, and Prohibition. Famously depicted in F. Scott Fitzgerald's The Great Gatsby, life after World War I in America was a time of great spending, and people believed that it as possible for them to make great fortunes, no matter what their social background was. The rich wanted to be richer, and the poor believed that they could also attain a quick rags-to-riches story. This kind of climate was ripe for individuals such as Ponzi to make their mark on history, for better and worse. Charles Ponzi and the Ponzi Scheme: The History and Legacy of 20th Century America's Most Famous Con Artist looks at the elaborate fraud designed by one of America's most notorious criminals. Along with pictures and a bibliography, you will learn about Ponzi like never before.
Download or read book History s Greatest Deceptions and Confidence Scams written by Steven Lazaroff and published by Rodger & Laz publishing S.E.N.C.. This book was released on 2018-04-02 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Throughout history, there have always been fraudsters and tricksters ready and willing to part people and their money with smooth talking and tall tales, but the first formally recorded “confidence trick” was uniquely American in its origins and set the bar for both simplicity and sheer guts, both hallmarks of the most successful frauds ever perpetrated. From the ancient Egyptians to the modern era, join the authors as they take you on a romp throughout 4000 years of human history to reveal the tricks and schemes that were perfected by colorful characters throughout the ages. Using humor, and wit, the authors paint a tapestry of deception and subterfuge perpetrated by the brilliant minds of each era.
Download or read book Permanent Distortion written by Nomi Prins and published by PublicAffairs. This book was released on 2022-10-11 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: A riveting exposé of a permanent financial dystopia, its causes, and real-world consequences It is abundantly clear that our world is divided into two very different economies. The real one, for the average worker, is based on productivity and results. It behaves according to traditional rules of money and economics. The other doesn’t. It is the product of years of loose money, poured by central banks into a system dominated by financial titans. It is powerful enough to send stock markets higher even in the face of a global pandemic and threats of nuclear war. This parting from reality has its roots in an emergency response to the financial crisis of 2008. “Quantitative Easing” injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction. Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to “normal.”
