Booknotes: The Ponzi Scheme Puzzle: A History and Analysis of Con Artists and Victims

Tamar Frankel, The Ponzi Scheme Puzzle: A History and Analysis of Con Artists and Victims, Oxford University Press, 2012, 231 pages

There are a number of schemes to defraud investors. Some are new and some were developed decades ago, but all appear with monotonous regularity all over the world. Charles Ponzi developed a scheme in 1919 that he thought would appeal to small and large investors. Over the decades his scheme has been copied and/or slightly modified by various individuals known in