Ponzi's Scheme: The True Story of a Financial Legend
Written by Mitchell Zuckoff
Narrated by David Birney,
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About this audiobook
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 and raked in millions at his office in downtown Boston. Ponzi's Scheme is the amazing true story of the irresistible scoundrel who launched the most successful scheme of financial alchemy in modern history-and uttered the first roar of the Roaring Twenties.
Ponzi may have been a charlatan, but he was also a wonderfully likable man. His intentions were noble, his manners impeccable, his sales pitch enchanting. Born to a genteel Italian family, he immigrated to the United States with big dreams but no money. Only after he became hopelessly enamored of a stenographer named Rose Gnecco and persuaded her to marry him did Ponzi light on the means to make his dreams come true. His true motive was not greed but love.
With rich narrative skill, Mitchell Zuckoff conjures up the feverish atmosphere of Boston during the weeks when Ponzi's bubble grew bigger and bigger. At the peak of his success, Ponzi was taking in more than $2 million a week. And then his house of cards came crashing down-thanks in large part to the relentless investigative reporting of Richard Grozier's Boston Post.
In Zuckoff's hands, Ponzi is no mere swindler; instead he is appealing and magnetic, a colorful and poignant figure, someone who struggled his whole life to attain great wealth and who sincerely believed-to the very end-that he could have made good on his investment promises if only he'd had enough time. Ponzi is a classic American tale of immigrant life and the dream of success, and the unexpectedly moving story of a man who-for a fleeting, illusory moment-attained it all.
From the Hardcover edition.
Mitchell Zuckoff
Mitchell Zuckoff is the Sumner M. Redstone Professor of Narrative Studies at Boston University. He covered 9/11 for the Boston Globe and wrote the lead news story on the day of the attacks. Zuckoff is the author of seven previous works of nonfiction, including the number one New York Times bestseller 13 Hours: The Inside Account of What Really Happened in Benghazi, which became the basis of the Paramount Pictures movie of the same name. His earlier books also include the New York Times bestsellers Lost in Shangri-La and Frozen in Time. As a member of the Boston Globe Spotlight Team, he was a finalist for the Pulitzer Prize in investigative reporting and the winner of numerous national awards. He lives outside Boston.
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