'Empire of Deception' tells story of master swindler Leo Koretz
The name of Charles Ponzi lives on in infamy all these years later — whenever a villain with the chutzpah to pull off his dastardly scheme is exposed.
Ponzi is credited with the pyramid ploy of defrauding investors, but in a suitably ironic historical twist, credit may not be being given where it's due.
In the early 1900s — before Ponzi — there lived a con man named Leo Koretz. He too bilked investors out of millions, by selling investments that were wholly fictitious.
It was a career in swindling that started in Chicago, but had its final chapters in Nova Scotia. His fascinating story is finally being told in a new book by a professor of journalism at the University of King's College in Halifax.
Dean Jobb is the author of Empire of Deception: The Incredible Story of a Master Swindler Who Seduced a City and Captivated the Nation.
This segment was produced by The Current's Liz Hoath.
Have you ever been caught up in a similar scheme? Let us know.