Planet Ponzi

Author: Mitch Feierstein
Publisher: Glacier USA INC
ISBN: 0985036907
Category : Business & Economics
Languages : en
Pages : 413

Book Description
"As the global economy struggles to avoid meltdown, so the greatest Ponzi scheme in history approaches its final death rattle. Politicians have stood by and watched the financial industry create a massive overhang of debt, a mountain of low quality assets - and ultimately, an economic disaster which has dwarfed all others. The Eurozone crisis and the LIBOR manipulation scandal are just two symptoms of a much broader problem: one of vastly excessive debt, regulatory failure, a culture of deceit on Wall Street and the City of London, and governments that have promised their citizens far more than they can deliver"--Publisher.

Ponzimonium

Author: Bartholomew H. Chilton
Publisher: Us Independent Agencies and Commissions
ISBN:
Category : Business & Economics
Languages : en
Pages : 86

Book Description
True stories of crime and punishment that will inform and educate anyone who wants to find out how to identify and avoid becoming entangled in an investment fraud.

The Ascent of Money

Author: Niall Ferguson
Publisher: Penguin
ISBN: 1440654026
Category : History
Languages : en
Pages : 498

Book Description
The 10th anniversary edition, with new chapters on the crash, Chimerica, and cryptocurrency "[An] excellent, just in time guide to the history of finance and financial crisis." —The Washington Post "Fascinating." —Fareed Zakaria, Newsweek In this updated edition, Niall Ferguson brings his classic financial history of the world up to the present day, tackling the populist backlash that followed the 2008 crisis, the descent of "Chimerica" into a trade war, and the advent of cryptocurrencies, such as Bitcoin, with his signature clarity and expert lens. The Ascent of Money reveals finance as the backbone of history, casting a new light on familiar events: the Renaissance enabled by Italian foreign exchange dealers, the French Revolution traced back to a stock market bubble, the 2008 crisis traced from America's bankruptcy capital, Memphis, to China's boomtown, Chongqing. We may resent the plutocrats of Wall Street but, as Ferguson argues, the evolution of finance has rivaled the importance of any technological innovation in the rise of civilization. Indeed, to study the ascent and descent of money is to study the rise and fall of Western power itself.

Ponzi's Scheme

Author: Mitchell Zuckoff
Publisher: Random House Trade Paperbacks
ISBN: 0812968360
Category : Biography & Autobiography
Languages : en
Pages : 418

Book Description
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. At the peak of his success, Ponzi was raking in more than $2 million a week at his office in downtown Boston. Then his house of cards came crashing down–thanks in large part to the relentless investigative reporting of Richard Grozier’s Boston Post. A classic American tale of immigrant life and the dream of success, Ponzi’s Scheme is the amazing story of the magnetic scoundrel who launched the most successful scheme of financial alchemy in modern history.

The Crime Of Our Time

Author: Danny Schechter
Publisher: Red Wheel Weiser
ISBN: 1934708623
Category : Business & Economics
Languages : en
Pages : 314

Book Description
Veteran journalist Danny Schechter investigates a complex web of fraud and crime that he shows played a major—if largely unreported—role in bringing the economy down. His four-year investigation focuses on three interconnected cesspools of corruption: what the FBI calls an "epidemic of mortgage fraud," predatory and deceptive securitization by Wall Street, and insurance scams.

Hoax: A History of Deception

Author: Ian Tattersall
Publisher: Black Dog & Leventhal
ISBN: 0316503703
Category : True Crime
Languages : en
Pages : 487

Book Description
An entertaining collection of the most audacious and underhanded deceptions in the history of mankind, from sacred relics to financial schemes to fake art, music, and identities. World history is littered with tall tales and those who have fallen for them. Ian Tattersall, a curator emeritus at the American Museum of Natural History, has teamed up with Peter Néaumont to tell this anti-history of the world, in which Michelangelo fakes a masterpiece; Arctic explorers seek an entrance into a hollow Earth; a Shakespeare tragedy is "rediscovered"; a financial scheme inspires Charles Ponzi; a spirit photographer snaps Abraham Lincoln's ghost; people can survive ingesting only air and sunshine; Edgar Allen Poe is the forefather of fake news; and the first human was not only British but played cricket. Told chronologically, HOAX begins with the first documented announcement of the end of the world in 2800 BC and winds its way through controversial tales such as the Loch Ness Monster and the Shroud of Turin, past proven fakes such as the Thomas Jefferson's ancient wine and the Davenport Tablets built by a lost race, and explores bald-faced lies in the worlds of art, science, literature, journalism, and finance.

Reimagining Capitalism in a World on Fire

Author: Rebecca Henderson
Publisher: PublicAffairs
ISBN: 1541730135
Category : Business & Economics
Languages : en
Pages : 336

Book Description
A renowned Harvard professor debunks prevailing orthodoxy with a new intellectual foundation and a practical pathway forward for a system that has lost its moral and ethical foundation. Free market capitalism is one of humanity's greatest inventions and the greatest source of prosperity the world has ever seen. But this success has been costly. Capitalism is on the verge of destroying the planet and destabilizing society as wealth rushes to the top. The time for action is running short. Rebecca Henderson's rigorous research in economics, psychology, and organizational behavior, as well as her many years of work with companies around the world, give us a path forward. She debunks the worldview that the only purpose of business is to make money and maximize shareholder value. She shows that we have failed to reimagine capitalism so that it is not only an engine of prosperity but also a system that is in harmony with environmental realities, the striving for social justice, and the demands of truly democratic institutions. Henderson's deep understanding of how change takes place, combined with fascinating in-depth stories of companies that have made the first steps towards reimagining capitalism, provide inspiring insight into what capitalism can be. Together with rich discussions of important role of government and how the worlds of finance, governance, and leadership must also evolve, Henderson provides the pragmatic foundation for navigating a world faced with unprecedented challenge, but also with extraordinary opportunity for those who can get it right.

The Ponzi Factor

Author: Tan Liu
Publisher: Ponzi Factor
ISBN: 9781976949951
Category : Business & Economics
Languages : en
Pages : 170

Book Description
One of the biggest myths about stocks is the belief that profits from stocks come from the earnings of the underlying companies, and when companies make money, they share the profits with their investors. But the reality is, profits from stocks come from other investors who are buying and selling stocks, and when companies make money, they keep everything. The belief is, stocks represent value in a company. The truth is, stocks are Ponzi assets because investors’ profits are dependent on the inflow of money from new investors and no one is obligated to pay the shareholders anything. This is not just another story that will disappear after another bubble bursts. It is an idea that will remain relevant for as long as the stock market exists.

No One Would Listen

Author: Harry Markopolos
Publisher: John Wiley & Sons
ISBN: 0470919000
Category : Business & Economics
Languages : en
Pages : 382

Book Description
Harry Markopolos and his team of financial sleuths discuss first-hand how they cracked the Madoff Ponzi scheme No One Would Listen is the thrilling story of how the Harry Markopolos, a little-known number cruncher from a Boston equity derivatives firm, and his investigative team uncovered Bernie Madoff's scam years before it made headlines, and how they desperately tried to warn the government, the industry, and the financial press. Page by page, Markopolos details his pursuit of the greatest financial criminal in history, and reveals the massive fraud, governmental incompetence, and criminal collusion that has changed thousands of lives forever-as well as the world's financial system. The only book to tell the story of Madoff's scam and the SEC's failings by those who saw both first hand Describes how Madoff was enabled by investors and fiduciaries alike Discusses how the SEC missed the red flags raised by Markopolos Despite repeated written and verbal warnings to the SEC by Harry Markopolos, Bernie Madoff was allowed to continue his operations. No One Would Listen paints a vivid portrait of Markopolos and his determined team of financial sleuths, and what impact Madoff's scam will have on financial markets and regulation for decades to come.

Damnation Spring

Author: Ash Davidson
Publisher: Simon and Schuster
ISBN: 1982144424
Category : Fiction
Languages : en
Pages : 464

Book Description
NATIONAL BESTSELLER Named a Best Book of 2021 by Newsweek, the San Francisco Chronicle, The Washington Post, and the Los Angeles Times “A glorious book—an assured novel that’s gorgeously told.” —The New York Times Book Review “An incredibly moving epic about an unforgettable family.” —CBS Sunday Morning “[An] absorbing novel…I felt both grateful to have known these people and bereft at the prospect of leaving them behind.” —The Washington Post A stunning novel about love, work, and marriage that asks how far one family and one community will go to protect their future. Colleen and Rich Gundersen are raising their young son, Chub, on the rugged California coast. It’s 1977, and life in this Pacific Northwest logging town isn’t what it used to be. For generations, the community has lived and breathed timber; now that way of life is threatened. Colleen is an amateur midwife. Rich is a tree-topper. It’s a dangerous job that requires him to scale trees hundreds of feet tall—a job that both his father and grandfather died doing. Colleen and Rich want a better life for their son—and they take steps to assure their future. Rich secretly spends their savings on a swath of ancient redwoods. But when Colleen, grieving the loss of a recent pregnancy and desperate to have a second child, challenges the logging company’s use of the herbicides she believes are responsible for the many miscarriages in the community, Colleen and Rich find themselves on opposite sides of a budding conflict. As tensions in the town rise, they threaten the very thing the Gundersens are trying to protect: their family. Told in prose as clear as a spring-fed creek, Damnation Spring is an intimate, compassionate portrait of a family whose bonds are tested and a community clinging to a vanishing way of life. An extraordinary story of the transcendent, enduring power of love—between husband and wife, mother and child, and longtime neighbors. An essential novel for our times.