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When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak - that would pull back the curtain... →
Every swindle is driven by a desire for easy money; it's the one thing the swindler and the swindled have in common.
Sending a book out into the world is a lot like sending your child to the first day of kindergarten. You hope the other kids play nice and that she... →
We've suffered a 'Ponzification' of the economy in recent years, as bubbles have built up and then burst, and each time we act as though... →
For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg - sorry - for a good book on... →
Nathaniel Philbrick's 'In the Heart of the Sea' has rightfully taken its place as a classic for its literary merits. It has a special... →
No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.
Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest son, Michael, who wrote it as a... →
I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its own terms. Calling it a Ponzi scheme is... →
I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a... →
My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of... →