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Ponzis Scheme (Abridged): The True Story of a Financial Legend Audiobook, by Mitchell Zuckoff Play Audiobook Sample

Ponzi's Scheme (Abridged): The True Story of a Financial Legend Audiobook

Ponzis Scheme (Abridged): The True Story of a Financial Legend Audiobook, by Mitchell Zuckoff Play Audiobook Sample
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Read By: David Birney Publisher: Random House Audio Listen Time: at 1.0x Speed 3.33 hours at 1.5x Speed 2.50 hours at 2.0x Speed Release Date: March 2005 Format: Abridged Audiobook ISBN: 9780739318782

Quick Stats About this Audiobook

Total Audiobook Chapters:

6

Longest Chapter Length:

51:20 minutes

Shortest Chapter Length:

45:40 minutes

Average Chapter Length:

49:19 minutes

Audiobooks by this Author:

11

Other Audiobooks Written by Mitchell Zuckoff: > View All...

Publisher Description

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.

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"An excellent book! Overall, this is a well-written, balanced and fair account of it's subject that is told in rich detail. One really gets a good sense of the times in which this story takes place. In short, this book tells the story of what happens when basically good men (or women) do bad thing and get caught doing them. I came away from this book with a definite sense that the bad deeds of Mr. Ponzi were/are not quite comparable in their badness to the deeds of the present-day Mr. Madoff. Read this book, for yourselves, and make up your own minds."

— Larry (5 out of 5 stars)

Ponzi's Scheme Listener Reviews

Overall Performance: 3.925925925925926 out of 53.925925925925926 out of 53.925925925925926 out of 53.925925925925926 out of 53.925925925925926 out of 5 (3.93)
5 Stars: 8
4 Stars: 13
3 Stars: 3
2 Stars: 2
1 Stars: 1
Narration: 0 out of 50 out of 50 out of 50 out of 50 out of 5 (0.00)
5 Stars: 0
4 Stars: 0
3 Stars: 0
2 Stars: 0
1 Stars: 0
Story: 0 out of 50 out of 50 out of 50 out of 50 out of 5 (0.00)
5 Stars: 0
4 Stars: 0
3 Stars: 0
2 Stars: 0
1 Stars: 0
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  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I couldn't put this down. If you are interested in understanding what has happened in today's markets in terms of general greed and outright fraud, you have to read this book. The drivers that led to this scheme are eerily similar to the drivers that have fueled the market collapse from over exuberance to outright fraud. It is almost frightening to see that little has changed when you compare Ponzi's scheme to Madoff's! For those of you familiar with the fall of communism in Russia, the MMM fund scandal is essentially the same story. "

    — Philip, 2/9/2014
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Very well written and interesting story. Incredible that Charles Ponzi's business grew to the size it became in just 9 short months. "

    — Emily, 2/5/2014
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A surprisingly fun read. Goes down easy with an almost playful writing style giving a sweet flavor to some careful research. Perhaps the most amazing thing about this story is how short Ponzi's run actually was. "

    — mayhem!, 1/21/2014
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Irony is that people still fall for these schemes, the only difference was that Charles Ponzi really believed he could make it work! I was intrigued and impressed that he made 7 million at that time. The story makes me want to yell, "show me the money!" "

    — Catheryn, 12/27/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Read for the Rockville, MD bookclub, in June. Will add my review "

    — Connie, 12/15/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I read it a few years ago, before Ponzi schemes were all cool again... enjoyed learning about the guy, may re-read this one. "

    — Sheel, 11/14/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A good telling of an amazing eight month run "

    — David, 10/11/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " It's interesting to read about Boston in the 1920's; It's also interesting to learn that politicians were misbehaving then as now. "

    — MeredithY, 10/4/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Really interesting to actually read the story behind the legend, but this was too heavy on lists-of-facts [long lists] - so it was a catalog but would have been much better with some more analysis of the why and discussion of Ponzi's psyche. "

    — Dmknoell, 8/26/2013
  • Overall Performance: 3 out of 53 out of 53 out of 53 out of 53 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Interesting listen. Author thinks he really thought he could earn the money and intended to pay everyone. "

    — Alan, 8/1/2013
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A nice overview of Charles Ponzi, the real man behind the 'Ponzi Scheme.' Especially interesting given recent banking/financial scandals. "

    — Amy, 8/1/2013
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Great book to an interesting subject. you always hear of "Ponzi schemes," but you never know where it came from. This book answers that and makes you think the Who should have sung, "We WILL get fooled again." Human nature. "

    — Luigib, 12/25/2012
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A decent book thoroughly detailing Ponzi's Scheme. Not dry, but adds the now stale and predictible flourishes I've come to expect from narrative non-fiction. "

    — Jesselyn, 8/28/2012
  • Overall Performance: 2 out of 52 out of 52 out of 52 out of 52 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This was an account of the rise of Charles Ponzi, who came up with a "rob Peter to pay Paul" money-making scheme in the 1920's so big in scale it has lent its name to every similar scheme since then. Interesting, but could have been half the length. "

    — Kristi, 1/10/2012
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Quite interesting. Kind of liked the guy,but that's he point who would trust money to someone you didn't like. "

    — Frank, 9/17/2011
  • Overall Performance: 1 out of 51 out of 51 out of 51 out of 51 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I don't know, maybe this is actually good, but I got bored after about 50 pages and stopped reading. As with a lot of nonfiction, the style of writing made it seem like the author wanted to show off how much research he'd done rather than tell an interesting story. "

    — Sara, 6/24/2011
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " If you've ever wondered what the original Ponzi Scheme was all about, this book details the man and the short-lived financial empire that he built. "

    — Steve, 1/15/2011
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This book is well written and easy to follow. Of you want a good book about Mr. Ponzi this is your book. "

    — Abdul, 1/12/2011
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Great book to an interesting subject. you always hear of "Ponzi schemes," but you never know where it came from. This book answers that and makes you think the Who should have sung, "We WILL get fooled again." Human nature. "

    — Luigib, 12/31/2010
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " A very well told non-fiction story that reads like a good fiction book. Zuckoff had me cheering for Ponzi. "

    — Eric, 8/12/2010
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This book is well written and easy to follow. Of you want a good book about Mr. Ponzi this is your book. "

    — Abdul, 6/27/2010
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " If you've ever wondered what the original Ponzi Scheme was all about, this book details the man and the short-lived financial empire that he built. "

    — Steve, 2/2/2010
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Listened to the audio book. Ponzi was an interesting figure and so was the depiction of the times. Well written in the vein of "Isaac's Storm" or "The Devil in the White City" although it doesn't go as far to interweave several stories. "

    — Amanda, 1/28/2010
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " Very good book for anyone wondering about what a Ponzi scheme really is. "

    — Mary, 9/15/2009
  • Overall Performance: 2 out of 52 out of 52 out of 52 out of 52 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " This was an account of the rise of Charles Ponzi, who came up with a "rob Peter to pay Paul" money-making scheme in the 1920's so big in scale it has lent its name to every similar scheme since then. Interesting, but could have been half the length. "

    — Kristi, 5/19/2009
  • Overall Performance: 4 out of 54 out of 54 out of 54 out of 54 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " I read it a few years ago, before Ponzi schemes were all cool again... enjoyed learning about the guy, may re-read this one. "

    — Sheel, 5/12/2009
  • Overall Performance: 5 out of 55 out of 55 out of 55 out of 55 out of 5 Narration Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5 Story Rating: 0 out of 50 out of 50 out of 50 out of 50 out of 5

    " What could be more timely. I read this book to better understand the Madoff affair. These guys are such rogues. But the most enlightening part was to learn how they deceived themselves into thinking they could make it all come out even.........eventually! "

    — David, 5/11/2009

About Mitchell Zuckoff

Mitchell Zuckoff, a #1 New York Times bestselling author, is the Sumner M. Redstone Professor of Narrative Studies at Boston University. He covered 9/11 for the Boston Globe and wrote the lead news story on the day of the attacks. While at the Boston Globe, he was a finalist for a Pulitzer Prize and the winner of numerous journalism awards.

About David Birney

David Birney is an American actor and director whose career performances include both contemporary and classical roles in theater, film and television. He has recorded numerous audiobook bestsellers, including works by Dean Koontz, Paul Theroux, Annie Dillard, Thomas Kenneally, and Orson Scott Card. His reading of Julie Salomon’s The Christmas Tree was honored with the prestigious Audie Award and has also been the recipient of several AudioFile Earphone Awards.