While everybody has heard names like Bernie Madoff and phrases like Ponzi Scheme thrown around in the media cycle over the past several years of financial doom and gloom, I would venture to bet that not a lot of people actually know what a Ponzi Scheme is or where the term comes from. Luckily for us, Mitchell Zuckoff wrote a biography of Charles Ponzi, the man that the scheme was named for. The product description for “Ponzi’s Scheme: The True Story of a Financial Legend” reads as follows:

“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.”

But even luckier for us is the news that Christopher Weekes has adapted the book into a screenplay. So if we wait just a little bit longer, we won’t even have to read anything to figure out all of this financial mumbo-jumbo. Thank heavens, that book sounded tough! And even better than that is the rumor that Milos Forman is thought to be close to maybe being attached to direct: possibly. I know what you’re thinking, you’re saying to yourself, “So what? When is the last time I’ve liked a Milos Forman movie?” And you’re right; I don’t remember either. But the guy made Cuckoo’s Nest and Amadeus, what say we give him a shot? [Variety]

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