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4.0 out of 5 stars
The more things change...,
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. |
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The impossible dream: The Equity Funding story, the fraud of the century by Ronald L. Soble (Hardcover - 1975)
Used & New from: $8.10
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