Ponzi Scheme: The True Story of a Financial Genius

Author: (USA) M. Zuckoff, written by Zhang Zhili, translated
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 use the money from later investors to pay back the principal and interest to earlier investors. He magically executed this "robbing Peter to pay Paul" trick, amassing hundreds of millions of dollars in just a few weeks. The story takes place in Boston in the 1920s, an era where everything seemed possible, and the entire city became over the Ponzi bubble. People were 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 create a richly vivid character. He is a charming rogue, yet also a man full of curiosity and endearment, so shameless yet so innocent. Reading this book is as enjoyable as a novel and as thrilling as a heroic story.