Ponzi's Scheme.PONZI'S SCHEME. Mitchell Zuckoff. 2005. Read by Grover Gardner. 8 cds. 8 hrs. Books on Tape. 1-4159-1630-6. $83.20. Vinyl; content notes. A When dapper Dapper lawyer’s clerk; swindled into believing himself perfect gambler. [Br. Lit.: The Alchemist] See : Dupery Italian immigrant Charles Ponzi Charles Ponzi (March 3, 1882–January 18, 1949) was an Italian immigrant to the United States who became one of the greatest swindlers in American history. His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. offered Boston investors 50 percent interest in 45 days in 1920, and came through, people of all classes and levels of fiscal sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. threw money at him. He said he had figured out how to take advantage of the values of international postal reply coupons. Within seven months, 30,000 investors had handed his Securities Exchange Company $9.6 million in exchange for Ponzi Notes, and the business grew after that. What they didn't want to know was that his was an unsustainable "robbing Peter to pay Paul" scheme and that Ponzi had already been jailed twice for fraud. His stomach brewed ulcers as he set up branch offices with agents and subagents, displayed a showy show·y adj. show·i·er, show·i·est 1. Making an imposing or aesthetically pleasing display; striking: showy flowers. 2. lifestyle, played benefactor, gained control of a bank, reassured his ever-loyal wife Rose, and blustered his way through questioning by journalists and law enforcement personnel. Slowly, Attorney General J. Weston Allen investigated, shut him down, and put him in jail for the third time. Gardner's deep, musical narration and expert pacing bring to life a man whose very name has become synonymous with swindle swindle v. to cheat through trick, device, false statements or other fraudulent methods with the intent to acquire money or property from another to which the swindler is not entitled. Swindling is a crime as one form of theft. (See: fraud, theft) . An engaging, not-well-known white-collar crime white-collar crime, term coined by Edward Sutherland for nonviolent crimes committed by corporations or individuals such as office workers or sales personnel (see white-collar workers) in the course of their business activities. story; expect a wide appeal. Edna Boardman, Libn., Bismarck, ND A--Recommended for advanced students and adults. This code will help librarians and teachers working in high schools where are honors and advanced placement students. This also will help extend KLIATT's usefulness in public libraries. |
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