The impossible dream: The Equity Funding story, the fraud of the century [Hardcover]

Ronald L Soble (Author)

Product Details

• Hardcover: 313 pages
• Publisher: Putnam; 1ST edition (1975)
• Language: English
• ISBN-10: 0399113789
• ISBN-13: 978-0399113789
• Product Dimensions: 8.3 x 5.5 x 1.4 inches
• Shipping Weight: 1.2 pounds
• Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
• Amazon Best Sellers Rank: #2,426,739 in Books (See Top 100 in Books)

Customer Reviews

Most Helpful Customer Reviews

4.0 out of 5 stars The more things change..., August 31, 2009

By 

Scotch7 "Scotch7" (Portland Oregon) - See all my reviews

This review is from: The impossible dream: The Equity Funding story, the fraud of the century (Hardcover)

Before there was Enron, Bernie Madoff, or AIG, there was "Equity Funding." The year 1973 saw the world's first Billion Dollar fraud. It was not to be the last. This was a classic Ponzi Scheme using the new fangled icon of believability: Mainframe computers.

Also a movie "Billion Dollar Bubble" starring James Woods in the role of the actuary.

The fraud was either $200 Million or $2.0 Billion, depending on whom you read. I recall the larger number. That's US$8.496 Billion in today's dollars.