Ponzi's Scheme
The True Story of a Financial Legend
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Narrated by:
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David Birney
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By:
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Mitchell Zuckoff
About this listen
You’ve heard of the scheme. Now comes the man behind it. In Mitchell Zuckoff's exhilarating book, the first nonfiction account of Charles Ponzi, we meet the charismatic rogue who launched the most famous and extraordinary scam in the annals of American finance.
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.
©2005 Mitchell Zuckoff (P)2005 Random House, Inc. Random House Audio, a division of Random House, Inc.Listeners also enjoyed...
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Critic reviews
"Zuckoff...tells Ponzi's story amicably and briskly, and keeps the complicated financial intricacies understandable." (The New York Times Book Review)
"Zuckoff's biography of Ponzi is meticulously accurate, based on memoirs and newspaper accounts of the day, weaving the story of the rise of this small-time Italian immigrant with that of Richard Grozier, second-generation editor of the Boston Post." (Booklist)
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By: Shane White
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The Teapot Dome Scandal
- How Big Oil Bought the Harding White House
- By: Laton McCartney
- Narrated by: William Hughes
- Length: 10 hrs and 8 mins
- Unabridged
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The Teapot Dome scandal of the early 1920s was all about oil - hundreds of millions of dollars� worth of petroleum. When the scandal finally broke, the consequences were tremendous. President Harding's legacy was forever tarnished, while �Oil Cabinet� member Albert Fall was forced to resign and was imprisoned for a year. Others implicated in the affair suffered prison terms, commitment to mental hospitals, suicide, and even murder.
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Harding's return to normalcy: corruption
- By Paul on 03-05-08
By: Laton McCartney
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Satan's Circus
- Murder, Vice, Police Corruption, and New York's Trial of the Century
- By: Mike Dash
- Narrated by: Robertson Dean
- Length: 12 hrs and 50 mins
- Unabridged
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They called it Satan's Circus, a square mile of Midtown Manhattan where vice ruled, sin flourished, and depravity danced in every doorway. At the turn of the 20th century, murder was so common in the vice district that few people were surprised when the loudmouthed owner of a shabby casino was gunned down on the steps of its best hotel.
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New York, N.Y
- By Robert on 07-11-07
By: Mike Dash
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The Wizard of Lies
- Bernie Madoff and the Death of Trust
- By: Diana B. Henriques
- Narrated by: Pam Ward
- Length: 16 hrs
- Unabridged
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Who is Bernie Madoff, and how did he pull off the biggest Ponzi scheme in history? These questions have fascinated people ever since the news broke about the respected New York financier who swindled his friends, relatives, and other investors out of $65 billion. Many have speculated about what must have happened, but no reporter has been able to get the full story - until now. Diana B. Henriques of the New York Times has written the definitive book on the man and his scheme.
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The best of 3 madoff books
- By Angela willis on 03-18-13
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The Hellhound of Wall Street
- How Ferdinand Pecora's Investigation of the Great Crash Forever Changed American Finance
- By: Michael Perino
- Narrated by: George K. Wilson
- Length: 14 hrs and 34 mins
- Unabridged
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In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead....
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Great Story
- By Lynn on 03-22-11
By: Michael Perino
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Titan
- The Life of John D. Rockefeller, Sr.
- By: Ron Chernow
- Narrated by: Grover Gardner
- Length: 35 hrs and 3 mins
- Unabridged
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Titan is the first full-length biography based on unrestricted access to Rockefeller’s exceptionally rich trove of papers. A landmark publication full of startling revelations, the book indelibly alters our image of this most enigmatic capitalist. Born the son of a flamboyant, bigamous snake-oil salesman and a pious, straitlaced mother, Rockefeller rose from rustic origins to become the world’s richest man by creating America’s most powerful and feared monopoly, Standard Oil. Branded "the Octopus" by legions of muckrakers, the trust refined and marketed nearly 90 percent of the oil produced in America.
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He makes Bill Gates look like a Pauper!
- By Rick on 11-04-13
By: Ron Chernow
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The Bettencourt Affair
- The World's Richest Woman and the Scandal That Rocked Paris
- By: Tom Sancton
- Narrated by: Amanda Carlin
- Length: 13 hrs and 51 mins
- Unabridged
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Heiress to the nearly 40-billion-dollar L’Oréal fortune, Liliane Bettencourt was the world’s richest woman and the 14th wealthiest person. But her gilded life took a dark yet fascinating turn in the past decade. At 94, she was embroiled in what has been called the Bettencourt Affair, a scandal that dominated the headlines in France. Why? It’s a tangled web of hidden secrets, divided loyalties, frayed relationships, and fractured families, set in the most romantic city - and involving the most glamorous industry - in the world.
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A Juicy Chronicle
- By Jean on 10-24-17
By: Tom Sancton
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Once in Golconda
- A True Drama of Wall Street 1920-1928
- By: John Brooks
- Narrated by: Johnny Heller
- Length: 11 hrs and 5 mins
- Unabridged
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Once in Golconda is a dramatic chronicle of the breathtaking rise, devastating fall, and painstaking rebirth of Wall Street in the years between the wars. Focusing on the lives and fortunes of some of the era's most memorable traders, bankers, boosters, and frauds, John Brooks brings to vivid life all the ruthlessness, greed, and reckless euphoria of the '20s bull market, the desperation of the days leading up to the crash of '29, and the bitterness of the years that followed.
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A must read for investors
- By Brad Gillespie on 06-07-15
By: John Brooks
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Tinseltown
- Murder, Morphine, and Madness at the Dawn of Hollywood
- By: William J. Mann
- Narrated by: Christopher Lane
- Length: 15 hrs and 55 mins
- Unabridged
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By 1920, the movies had suddenly become America's new favorite pastime and one of the nation's largest industries. Never before had a medium possessed such power to influence; yet Hollywood's glittering ascendancy was threatened by a string of headline-grabbing tragedies - including the murder of William Desmond Taylor, the popular president of the Motion Picture Directors Association, a legendary crime that has remained unsolved until now.
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Everybody's a dreamer...
- By Steven on 01-08-15
By: William J. Mann
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American Lightning
- Terror, Mystery, the Birth of Hollywood, and the Crime of the Century
- By: Howard Blum
- Narrated by: John H. Mayer
- Length: 10 hrs and 33 mins
- Unabridged
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It was an explosion that reverberated across the country—and into the very heart of early-twentieth-century America. On the morning of October 1, 1910, the walls of the Los Angeles Times Building buckled as a thunderous detonation sent men, machinery, and mortar rocketing into the night air. When at last the wreckage had been sifted and the hospital triage units consulted, twenty-one people were declared dead and dozens more injured. But as it turned out, this was just a prelude to the devastation that was to come.
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very interesting popular history
- By D. Littman on 11-28-08
By: Howard Blum
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Bad Paper
- Chasing Debt from Wall Street to the Underworld
- By: Jake Halpern
- Narrated by: Qarie Marshall
- Length: 6 hrs and 37 mins
- Unabridged
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Jake Halpern introduces us to a former banking executive and a former armed robber who become partners and go in quest of "paper" - the uncollected debts that are sold off by banks for pennies on the dollar. As Halpern shows, the world of consumer debt collection is a wild and unregulated shadow land, where operators may misrepresent a debtor's situation, make illegal threats, and even lay claim to debts that are not theirs to collect in the first place.
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An Examination of Bad Debts; its Buyers & Sellers
- By Darwin8u on 08-22-16
By: Jake Halpern
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The Match King
- Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals
- By: Frank Partnoy
- Narrated by: L. J. Ganser
- Length: 10 hrs and 48 mins
- Unabridged
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At the height of the roaring 20s, Swedish émigré Ivar Kreuger made a fortune raising money in America and loaning it to Europe in exchange for matchstick monopolies. His enterprise was a rare success story throughout the Great Depression. Yet after Kreuger's suicide in 1932, the true nature of his empire emerged.
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excellent Depression era history-biography
- By Donovan R. on 06-17-10
By: Frank Partnoy
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The King of Content
- Sumner Redstone’s Battle for Viacom, CBS, and Everlasting Control of His Media Empire
- By: Keach Hagey
- Narrated by: Gabra Zackman
- Length: 10 hrs and 51 mins
- Unabridged
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Sumner Murray Redstone, once feared as the “mad genius” of media who would dump his CEOs for mere wobbles in his companies’ stock price, had built one of the world’s greatest media empires through a series of audacious takeovers constructed to ensure that he always maintained control. Today he controls 80 percent of the voting shares of both Viacom and CBS, meaning that on a whim he could replace the entire boards of two public companies with a combined value of $40 billion.
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Feels biased. Well researched, but not engaging.
- By Anonymous User on 04-03-19
By: Keach Hagey
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The Money Culture
- By: Michael Lewis
- Narrated by: Alexander Cendese
- Length: 6 hrs and 52 mins
- Unabridged
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The 1980s was the most outrageous and turbulent era in the financial market since the crash of ’29, not only on Wall Street but around the world. Michael Lewis, as a trainee at Salomon Brothers in New York and as an investment banker and later financial journalist, was uniquely positioned to chronicle the ambition and folly that fueled the decade. In these trenchant, often hilarious true tales we meet the colorful movers and shakers who commanded the headlines and rewrote the rules.
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Not the normal great Michael Lewis
- By Me on 05-12-12
By: Michael Lewis
What listeners say about Ponzi's Scheme
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
- Cynthia
- 07-18-05
very engaging book
This is a very interesting account of Ponzi's scheme and his life before he became famous. You learn a lot about the times and the Boston banking setting. The chapters about the Boston Post newspaper family, the Groziers, are omitted from this abridged version. I wish I had picked the nonabridged version because these sections would add perspective to the biography by showing a slice of the establishment to contrast to the immigrant schemer.
But the abridged version doensn't suffer from any feeling of gaps or omissions. I only know about the missing parts from reading more about the book later. You might like this four hour version if you just want the Ponzi story. The narrator is quite good.
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4 people found this helpful
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Overall
- Ronald
- 01-08-09
Ponzi's Scheme
Great book, I liked the story line and how it was presented. Ponzi was quite a magician with money. He could make it disapear in a flash. I have to wonder about the scheme itself and if at any point in his life he ever reconciled that he would be caught and put in jail? Anyway, a great read (listen) especially with the current financial happenings. Enjoy it for what it is..cheers.
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Overall
- Bruce
- 08-15-05
Very Good Book
I enjoyed this book very much. It keeps you engrossed in the story. Ponzi was a very interesting gentleman. I would recommend this book to anyone.
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