Ponzi Scheme: The True Story of a Financial Genius: The True Story of a Financial Genius

Author: Mitchell Zuckoff
Publisher:
Publish Date: 2007-01-01
Features: This book tells the extraordinary life of the legendary con artist Charles Ponzi, who orchestrated one of the most famous scams in the history of American finance. In the spring and summer of 1920, Ponzi promised to double investors' money within three months, paying back the principal and interest to earlier investors with the funds of later ones. He magically executed this "robbing Peter to pay Paul" trick, amassing hundreds of millions of dollars in just a few weeks.