Ponzi Scheme - The True Story of a Financial Genius

Author: Zhu
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 American financial history. In the spring and summer of 1920, Ponzi promised to double investors' money within three months and then pay back the principal and interest to earlier investors using funds from later ones. With his magic-like "robbing Peter to pay Paul" trick, he swindled hundreds of millions of dollars in just a few weeks. The story unfolds in Boston in the 1920s, an era where anything seemed possible, and the entire city became over the Ponzi bubble, with people willing to do anything for instant wealth, dazzling fame, and an extravagant lifestyle beyond belief. The author employs exceptional narrative skills to magically recreate the frenzied scenes of the time. In financial history, Ponzi is already infamous, but the author uses a novelistic approach to craft a vivid and multifaceted character. He is a charming rogue, yet a man filled with curiosity and endearing qualities, so shameless yet so innocent. The book reads like a novel, enjoyable and exhilarating, much like a thrilling heroic tale.