The Rip Off
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Narrated by:
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Alan Wade
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By:
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James R. Carter
About this listen
Chip Bannister ran the nation's largest real estate rip off from 1965 to 1974. He was the youngest of three boys; smooth, good looking and charming. An egomaniac, but, very smart, extremely cunning. He was an East Coast trust fund kid that attended USC, and then, with the help of his billionaire father, formed Bannister Financial in downtown Beverly Hills.
Chip quickly discovered it was easier to simply raise new money, versus, executing the business plan. That was the beginning of a real estate Ponzi scheme that would eventually bankrupt the company and all the investors.
One of Chip's college friends introduced him to Captain Donald D. Bowen, commanding officer, Point Mugu Naval Air Station, California. The military was his career; real estate was his business. Careful, discerning, smart and shrewd.
It's easy to run a Ponzi scheme on a dummy, but, was it possible for Chip to pull it off on a guy like Captain Bowen who was meticulous and careful? The captain was naturally leery of Chip at first, but, ultimately they began doing some business over a one year period, 11 transactions total. And then the captain figured out the scam.
By 1974, Chip knew the company was effectively bankrupt and hired a PR firm to blame the whole thing on his employees. The captain spent some time investigating and preparing; and then, he filed a lawsuit against Chip and Bannister Financial Inc.
What Chip didn't know: he had messed with the wrong guy. The captain was the current leader of The Team, a mythic group of World War I veterans that included the captain's father.
The Team would eventually do what the courts could not dispense real justice on playboy rip-off artist, Chip Bannister.
©2016 James R. Carter (P)2016 James R.CarterListeners also enjoyed...
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- By: James Grippando
- Narrated by: Jonathan Davis
- Length: 11 hrs and 30 mins
- Unabridged
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At 31, Michael Cantella is a rising star at Wall Street’s premier investment bank, Saxton Silvers. Everything is going according to plan until Ivy Layton, the love of his life, vanishes on their honeymoon in the Bahamas. Fast-forward four years. It’s the eve of his 35th birthday, and Michael is still on track: successful career, beautiful new wife, piles of money.
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Fast paced 5 star entertainment
- By Chip Atkinson on 07-29-18
By: James Grippando
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The Stars Shine Down
- By: Sidney Sheldon
- Narrated by: Roddy McDowall
- Length: 10 hrs and 4 mins
- Unabridged
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Performance
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The young, beautiful, and relentless Lara Cameron has amassed international wealth and power, with equal success in affairs of the heart. But an angry ex-lover has vengeance in mind - a motive that could cost Lara the empire she struggled a lifetime to build. Setting the stage in Scotland and Nova Scotia, maestro of mystery Sydney Sheldon lures his readers down a chain of intrigue through Chicago, New York, London, Rome, and Reno.
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Redo needed
- By W.Denis on 08-31-09
By: Sidney Sheldon
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The Zeroes
- My Misadventures in the Decade Wall Street Went Insane
- By: Randall Lane
- Narrated by: Randall Lane
- Length: 12 hrs and 4 mins
- Unabridged
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Magazine entrepreneur Randall Lane had a prime seat at Wall Street's biggest greed fest. The Zeroes is a memoir about the excesses and bad behavior of an outsider who got pulled into a crazy, self-contained world.
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A very entertaining tale
- By andy on 11-03-13
By: Randall Lane
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Glass House
- The 1% Economy and the Shattering of the All-American Town
- By: Brian Alexander
- Narrated by: Bob Souer
- Length: 11 hrs and 7 mins
- Unabridged
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Performance
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The Anchor Hocking Glass Company, once the world's largest maker of glass tableware, was the base on which Lancaster's society was built. As Glass House unfolds, bankruptcy looms. With access to the company and its leaders, and Lancaster's citizens, Alexander shows how financial engineering took hold in the 1980s, accelerated in the 21st century, and wrecked the company.
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What really happened to the American Dream?
- By Bill on 05-10-17
By: Brian Alexander
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Shark Tales
- How I Turned $1,000 into a Billion Dollar Business
- By: Barbara Corcoran, Bruce Littlefield
- Narrated by: Barbara Corcoran
- Length: 5 hrs
- Abridged
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In Shark Tales, Barbara shares her hilarious stories about growing up, getting into trouble, failing miserably, and then starting over again. In each chapter, she comes back to one of her mom's unconventional lessons, and how it applies in the real world of business. Whatever your calling, the homespun lessons that work for Barbara will help you use what you've got to create success in your life.
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One Good Point Made It Worth The Purchase
- By Elartica on 04-11-16
By: Barbara Corcoran, and others
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Class 11
- Inside the CIA's First Post-9/11 Spy Class
- By: T.J. Waters
- Narrated by: Patrick Lawlor
- Length: 10 hrs and 44 mins
- Unabridged
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Written by one of its own graduates, Class 11: Inside the CIA's First Post-9/11 Spy Class is an insider's view of the first CIA training class after September 11, 2001 - a look at the most elite and secretive espionage training program in the country.
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Save Your Money
- By Daniel on 11-27-06
By: T.J. Waters
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The Asylum
- The Renegades Who Hijacked the World's Oil Market
- By: Leah McGrath Goodman
- Narrated by: Robert Fass
- Length: 16 hrs and 34 mins
- Unabridged
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Story
They were a band of outsiders unable to get jobs with New York's gilded financial establishment. They would go on to corner the world's multitrillion-dollar oil market, reaping unimaginable riches while bringing the economy to its knees. Meet the self-anointed kings of the New York Mercantile Exchange. In some ways, they are everything you would expect them to be: a secretive, members-only club of men and women who live lavish lifestyles; cavort with politicians, strippers, and celebrities; and blissfully jacked up oil prices to nearly $150 a barrel while profiting off the misery of the working class.
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A far better book than its come-on implies
- By Philo on 01-05-14
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The Pursuit of Happyness (Abridged)
- By: Chris Gardner
- Narrated by: Andre Blake
- Length: 5 hrs and 42 mins
- Abridged
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At the age of 20, Chris Gardner arrived in San Francisco to pursue a promising career in medicine. However, he surprised everyone and himself by setting his sights on the competitive world of high finance. Yet no sooner had he landed an entry-level position at a prestigious firm, Gardner found himself caught in a web of incredibly challenging circumstances that left him part of the city's working homeless with his toddler son.
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Very Good Story!
- By Lito Da Critic on 06-02-06
By: Chris Gardner
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Street Freak
- Money and Madness at Lehman Brothers
- By: Jared Dillian
- Narrated by: LJ Ganser
- Length: 13 hrs and 17 mins
- Unabridged
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Overall
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Performance
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Story
When Jared Dillian joined Lehman Brothers in 2001, he fulfilled a life-long dream to make it on Wall Street - but he had no idea how close to the edge the job would take him. Like Michael Lewis' classic Liar's Poker, Jared Dillian's Street Freak takes listeners behind the scenes of the legendary Lehman Brothers, exposing its outrageous and often hilarious corporate culture.
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Performance overwrought, drama swamps meaning
- By Philo on 02-10-17
By: Jared Dillian
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The Politician
- An Insider's Account of John Edwards's Pursuit of the Presidency and the Scandal that Brought Him Down
- By: Andrew Young
- Narrated by: Kevin Foley
- Length: 11 hrs and 21 mins
- Unabridged
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Like a nonfiction version of All the King's Men, The Politician offers a truly disturbing, even shocking, perspective on the risks taken and tactics employed by a man determined to rule the most powerful nation on earth.
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Politician Phony. A must listen!!!
- By Sherman on 02-09-10
By: Andrew Young
What listeners say about The Rip Off
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
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- Jason S
- 11-16-20
Outstanding
Great book. From the story to the well worded details on a “Ponzi scheme”. It keeps your attention the whole way through. Highly recommend.
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