History of Greed

  • by David E. Y. Sarna
  • Narrated by Paul Boehmer
  • 14 hrs and 41 mins
  • Unabridged Audiobook

Publisher's Summary

From the earliest financial scams of the 17th century, through the headline-grabbing Wall Street scandals of our times, History of Greed provides a comprehensive history of financial fraud. In it, David E. Y. Sarna exposes the true and often riveting stories of how both naive and sophisticated investors alike were fooled by unscrupulous entrepreneurs, lawyers, hedge-fund managers, CPAs, Texas billionaires, political fundraisers, music managers, financial advisers, and even former Mossad agents.
From the people behind the financial fraud and how they did it to why people continually fall prey to scam artists, Sarna outlines what actions you can take today to protect yourself from becoming the victim of tomorrow's "too good to be true" investment opportunity. History of Greed details how markets are manipulated, books are cooked, Ponzi schemes are hatched, and how the government only closes the barn door once the cows have all escaped.


What the Critics Say

"If you're bent on becoming the next Bernie Madoff, these profiles in greed form a veritable guidebook on how to build your own financial weapon of mass destruction." (Bloomberg)
"A comprehensive review of what has happened to us in our financial markets over and over and over and over again. It's an important history, written with wit and delivered with wisdom. Undoubtedly, History of Greed will become required reading for anyone serious about understanding the capital markets." (Frederick L. Gorsetman, Founder and Managing Member, Oxbridge Financial Group, LLC)


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Customer Reviews

Most Helpful

Occasionally uneven or plodding, but spellbinding

I wouldn't call this a page-turner. Often it read like a series of newspaper articles. But, I have a fascination for fraud tales, and a legal background, and I really clicked with its thoroughness in describing the schemes, and also the procedural details of the "crime and punishment" side of the stories. I like the combo of enough story and enough technical detail to be satisfying on both fronts. The stories are not an exhaustive review of frauds from tulip days to Madoffs'. The narrative skips across big stretches of history and quickly lands in modern times. But there is no lack of lurid fraud schemes in recent years -- the most famous are here. The Madoff aftermath story was not completed as of this publication -- "The Wizard of Lies" audiobook goes deeper in detail and gives a more updated story of that. All in all, though, I am very satisfied with this book.
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- Phil O.

Eye Opening and Fascinating!

This was a great listen, and you will want to be able to re-listen to parts of this book. Sometimes it is information dense, and I found I needed to re-listen to that part to get all the information. It was very educational on the way greed works on the corporate level.
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- Sharon Schafer Bennett "My reading and listening tastes are eclectic."

Book Details

  • Release Date: 12-10-2010
  • Publisher: Audible Studios