Ponzi’s Scheme by Mitchell Zuckoff

Ponzi's SchemeI had heard of get rich scams described as “Ponzi Schemes”, but until I read this book, I had no idea that Ponzi was a real person. An Italian immigrant bent on making it big in America, Charles Ponzi came up with a plan to sell international reply coupons and reward investors with ridiculously high returns. In the summer of 1920, the idea caught fire and people were literally lining up around the block to invest their savings in this scheme. The book sets the scene by describing other money scams of the time and explains the press’s role in promoting and ultimately exposing Mr. Ponzi’s business. This is a very interesting look into history and the character of an infamous man.

Reviewed by Diane

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