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Portions of the following program make it a pre-recorded material.

You are listening to the best of the Dennis Prager Show.

Who has written a book about something that has always fascinated me and I suspect I'm not

alone, I suspect that 98.423% of you listening has heard of the idea of or the nonsense of or whatever

you wish to go or the evil of a Ponzi scheme where people pay in money, some get more money,

but eventually a lot of people lose all their money. Well, it's actually named after somebody.

There was a guy Ponzi and Charles Ponzi is the guy who developed this and Mitchell Zoukov of

Boston University has written the true story of a financial legend Ponzi. This is Dennis Prager

and welcome to the program. Hi, thank you. As soon as I saw this book was written, I knew that I

have to have you on. I don't know if there is anybody who has a financial anything named after him

that is as famous or infamous as Ponzi. Even Capone didn't get a submachine gun named after him.

Yes, when you think I cannot think of a parallel. This Ponzi fascinates, I guess I don't think

he fascinates people. They don't even think of him. In fact, I didn't know it was named after a guy,

so I assume that I'm in the majority in that way. We all heard of this scheme, but we don't know the

guy. I think you were right. When you said 98.423 percent, it heard of Ponzi schemes. I think the

other half of that equation is that 1.577 actually knew about Charles Ponzi. Right. Exactly. You're one

of them. Why did you write this book? For that very reason, you know, I was a journalist for a long

time at the Boston Globe and to tell stories that people didn't know has always been a passion of

and the fact that there was this Charles Ponzi. I was a banking reporter in Boston when banks

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