Anatomy of a Ponzi
Scams Past and Present
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Narrated by:
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Randal Schaffer
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By:
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Colleen Cross
About this listen
Is your money safe? Charles Ponzi lent the Ponzi scheme its name, but he is not the first or the last to dupe investors with this age-old con. Bernard Madoff, Tom Petters, and others amassed billions before their arrests, but it is not all about the money.
Find out what makes fraudsters tick, and how they swindle their victims. The biggest Ponzi scheme of all time is operating under the radar right now, unknown and undetected by regulators and unsuspecting investors.
Could you be a victim? Learn how scammers stay under the radar, and discover my stunning prediction of exactly where, when, and how this massive Ponzi scheme will finally collapse.
©2013 Colleen Cross (P)2017 Colleen CrossListeners also enjoyed...
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Roger Lowenstein, the bestselling author of Buffett, captures Long-Term's roller-coaster ride in gripping detail. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein crafts a story that reads like a first-rate thriller from beginning to end. He explains not just how the fund made and lost its money, but what it was about the personalities of Long-Term's partners, the arrogance of their mathematical certainties, and the late-nineties culture of Wall Street that made it all possible.
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When Genius Failed
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By: Roger Lowenstein
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Reckless Endangerment
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- Narrated by: L. J. Ganser
- Length: 11 hrs and 57 mins
- Unabridged
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In Reckless Endangerment, Gretchen Morgenson, the star business columnist of The New York Times, exposes how the watchdogs who were supposed to protect the country from financial harm were actually complicit in the actions that finally blew up the American economy.
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Required reading
- By David on 10-24-11
By: Gretchen Morgenson, and others
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King of Capital
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- Length: 14 hrs and 42 mins
- Unabridged
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The financial establishment---banks and investment bankers, such as Citigroup, Bear Stearns, Lehman, UBS, Goldman Sachs, Merrill Lynch, and Morgan Stanley---were the cowboys, recklessly assuming risks, leveraging up to astronomical levels, and driving the economy to the brink of disaster.
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Great Story Ruined by Monotone Reading
- By Marc on 04-23-13
By: John E. Morris, and others
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Borrowed Time
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- Unabridged
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To save the economy and keep Citi afloat in 2008, the government provided huge infusions of cash through multiple bailouts that frustrated and angered the American public. But, as Wall Street Journal writer James Freeman and financial expert Vern McKinley reveal, the 2008 crisis was just one of many disasters Citi has experienced since its founding more than 200 years ago. In Borrowed Time they reveal Citi’s disturbing history of instability and government support. It’s a story that neither Citi nor Washington wants told.
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Biased
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Pound Foolish
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- Narrated by: Lyn Landon
- Length: 9 hrs and 1 min
- Unabridged
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For the past few decades, Americans have spent billions of dollars on personal finance products. As salaries have stagnated and companies have cut back on benefits, we've taken matters into our own hands, embracing the can-do attitude that if we're smart enough, we can overcome even daunting financial obstacles. But that's not true. In this meticulously reported and shocking audiobook, journalist and former financial columnist Helaine Olen goes behind the curtain of the personal finance industry to expose the myths, contradictions, and outright lies it has perpetuated.
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The dark side of my industry
- By jfoxcpacfp on 06-15-13
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The Index Card
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TV analysts and money managers would have you believe your finances are enormously complicated, and if you don't follow their guidance, you'll end up in the poorhouse. They're wrong. When University of Chicago professor Harold Pollack interviewed Helaine Olen, an award-winning financial journalist and the author of the best-selling Pound Foolish, he made an offhand suggestion: Everything you need to know about managing your money could fit on an index card.
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Getting your personal finance right? Start here.
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David Cay Johnston has made a name for himself as the defender of the common man, calling out the rich and powerful for cheating the system at the expense of everyone else. Whether he's exposing unjust loopholes in the tax code that help the rich get richer or pointing out how powerful corporations pocket government subsidies at excessive taxpayer expense, Johnston is an eloquent town crier for justice and equality.
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A must listen if you love or hate Trump
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The Truth about Retirement Plans and IRAs
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Everyone knows that saving for your retirement is important. Yet only half of all eligible Americans contribute to a retirement plan. That’s because all plans - including the 401(k), 403(b), 457, and even the IRA - are complicated, confusing, and costly. New York Times best-selling author and acclaimed financial advisor Ric Edelman has counseled thousands of savers and retirees and has accumulated his advice in this audiobook.
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some very great info but be careful
- By Linda Mueller on 11-30-18
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Wall Street
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- Narrated by: Stephen McLaughlin
- Length: 27 hrs and 28 mins
- Unabridged
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Wall Street is an unending source of legend - and nightmares. It is a universal symbol of both the highest aspirations of economic prosperity and the basest impulses of greed and deception. Charles R. Geisst's Wall Street is at once a chronicle of the street itself - from the days when the wall was merely a defensive barricade built by Peter Stuyvesant - and an engaging economic history of the United States, a tale of profits and losses, enterprising spirits, and key figures that transformed America into the most powerful economy in the world.
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Many books in one; best linking of stories, eras
- By Philo on 03-23-14
What listeners say about Anatomy of a Ponzi
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- Alex Syvorotka
- 06-17-21
Very insightful for the beginners
Very insightful for the beginners in the financial products investment. It's just thrilling to realize that the fraudsters are always there to get you. And even if you are diligent enough to avoid the fraud yourself, you and all the rest will definitely suffer a lot when the next Madoff is exposed. Stay vigilant.
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- Mindy H
- 10-09-19
Non fiction as exciting as fiction! What a great read!
I learned so much from this book. Fascinated me from beginning to end! I love the authors fiction stories and am blown away by the ability she has shown in this genre as well! The narrator was fabulous and led the reader on an informative adventure. I absolutely recommend this!
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- Tom Anderson
- 01-28-18
Greed Upon Greed
Colleen Cross’ “Anatomy of a Ponzi” is one of those books that makes you wonder “Are people really that stupid or is it just greed? Maybe both.” It boggles the mind to think that there are people in the world you can honestly believe that they can get a 500%, 800% or a 1,000% return on their investment. And it’s even more mind-boggling to think there are people who perpetrate these scams and get away with them for years.
“Anatomy of a Ponzi” is extremely well written. Cross knows her stuff who doesn’t confuse you with technical jargon while at the same time not talking down to you. The highlight of the book, to me, was a review of the all-time top ten global Ponzi schemes. It’s good to know there are stupid people around the world. Originally written in 2013, I also appreciated the fact that Cross updated the book just this month – January 2018.
My only complaint about this book was Randal Schaffer. There was just something about his voice that grated on me and he almost – almost – detracted from an excellent book.
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- Itamar
- 07-04-20
A great practical cover of ponzi schemes
The book first goes over the 10 biggest ponzi schemes discovered until 2013, and tries to analyze how to avoid one's.
I can't help think that on the right circumstances I would too be tempted to invest in one.
While most seem idiotic some are really complicated and made me think that it's not surprising that they profited as much as they did.
The narration is a bit dry for my taste but didn't prevent me from enjoying the book.
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- A.P.
- 09-14-20
Sure, you know Bernie Madoff, but who is Ponzi?
This book is a highly accessible history of the Ponzi scheme, from the man who gave it its name, to the present. The various financial details are described in easily understood ways, so that readers can understand the new spin each conman gave to this old con. Best of all, the cases discussed are diverse, ranging over decades and continents, rather than limited to the 20th century USA.
Recommended. Full Disclosure: I received this product for free in exchange for an honest and unbiased review.
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- Lina-Myree
- 01-15-20
more of an informational book
I've read Colleen cross books before and loved them. I was expecting more of a novel instead of an informational text. It provided good information, just not what I was expecting.
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- Eddie Mittelstedt
- 03-19-18
Great book on the history of Ponzi schemes
Before I listened to this book I had a vague notion of what Ponzi schemes were. After listening to example after example in this book, I now know exactly what they are, and how to spot one. The book goes to great lengths to make you understand the nature of a Ponzi scheme, as well as going into detail of the 10 worst schemes in history. You will be surprised how many there were, how they were implemented, and how their perpetrators got away, or didn’t get away, with them.
I had no complaints with the narrator. He was clear and concise and his voice is perfect for non-fiction work.
This book was gifted to me by the author in exchange for an unbiased review.
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- Jan M
- 01-19-18
Greed Motivated
I found this book to be very informative. I hadn't really understood how the scams were so successful, but now I have a much better understanding. The saying "if it sounds too good to be true, it probably isn't true" comes to mind. I liked how the author pointed out some of the good test questions to ask to avoid being caught up in a scam. Typically I do not listen to many non-fiction books a year, but I did learn some things from this one. I would definitely listen to this book again before making any investments. I requested this review copy audiobook from the author, narrator, and/or publisher and have voluntarily written this review. My review of the narrator is difficult for me to analyze as he doesn't have characters to portray like fiction books require. His voice was pleasant and he didn't have any annoying sounds.
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- Eric Hunley
- 01-23-18
Good book, bad people
This was a good presentation of some unsavory folks - a rogues gallery of some of the biggest thieves in history. I enjoyed reading it and appreciate the helpful material throughout and at the end advising what to look for and how to avoid Ponzi schemes. The narrator did a fine job keeping the story moving.
I was given this free review copy audiobook at my request and have voluntarily left this review.
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- Milica
- 10-02-19
A fascinating and informative read!
Anatomy of a Ponzi details various fraudulent scams. It starts by describing typical things to look out for and the types of people (psychopaths) to be wary of. It then describes how various schemes occurred and how they were ended. The story ends with some useful information for people to look out for and some fascinating predictions.
This was a really captivating and informative listen. It is so interesting to understand how criminals think! I understood how ponzi and pyramid schemes worked in general but this book really gave me the details that put it all together. As a person who deals with financial statements and analysis thereof quite regularly, i feel that i benefited from listening to this book both from an enjoyment as well as from a professional perspective. The narration was clear and well presented.
I recommend this book to anyone interested in these schemes, and how to identify them and avoid them.
Note: This book was given to me for free at my request and I provided this objective review voluntarily.
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