The news about Madoff and his 50 Billion dollar scam had me looking for a book I remember enjoying a couple of years ago -
Ponzi’s Scheme: The True Story of a Financial Legend. The biography is a fast paced and fun read, like most stories about grifters. The core of Ponzi’s story is how he started with what he thought was a legitimate plan to take advantage of currency values in order to “make” money. More than a few people must be in a similar situation today, though I doubt anyone has been trying to take advantage of international reply coupons.