Episode 4

June 13, 2022

01:17:41

The Charles Ponzi Security Exchange Company

The Charles Ponzi Security Exchange Company
Busted Business Bureau
The Charles Ponzi Security Exchange Company
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Show Notes

Late bloomer Ari Levin joins me for, I'm not kidding, probably the best episode I've made thus far. THEE Charles Ponzi's scheme has so many twists and turns. Charles Ponzi is a mama's boy, he's a pisces, he's 5'2. He's.....the man of my dreams. While many historians have actually pieced together a pretty cogent puzzle of the life Ponzi lived, none are as brave as I am because none of them acknowledge that he's a total smokeshow. I'm sure you're reading this like "she's doing a joke right now" but I AM NOT. Anyways, huge thanks to Mitchell Zuckoff, whose book on Ponzi is enrapturing. Ari is also absolutely hysterical in this episode, he's the perfect podcast guest. Follow @remlevin and catch him in Trigger Happy at the Annoyance on Wednesdays at 9:30! Or anything he's in. He's a gem! 

1. Ponzi's Scheme: The True Story of a Financial Legend, Mitchell Zuckoff, 2006

2. Ponzi's Scheme, Lizzie Peabody, Sidedoor - Smithsonian Institution Podcast, 2020

3. Ponzi: The Incredible True Story of the King of Financial Cons, Donald Dunn, 2004

4. https://en.wikipedia.org/wiki/Charles_Ponzi

5. This Week In History: The Boston Post Takes Down Charles Ponzi, Edgar B. Herwick III, 2014

PS I actually PAID for the books I mentioned because they weren't on Scribd. If you like stuff like this, consider tossing coins at my PATREON! It's patreon.com/bustedbizbureau

Other Episodes

Episode 5

June 20, 2022

Bumblebee Foods: The Canned Tuna Conspiracy

Loyal Piggly Wiggly customer, Aasia Lashay, joins me for a deep dive (haha get it) into the scandalous world of packaged seafood products. You know it's bad when a whole ass CEO genuinely faces consequences for it. If you like scheming, gruesome workplace safety violations, backstabbing, and DOJ antitrust investigations, you better listen ASAP! You'll definitely have stories for your coworkers to break the ice after this one. Anyways, stream ALL of Aasia's music on Spotify (D.A.B.O. is my personal fav), watch the stuff she writes for (What We Do in the Shadows and Upload), and follow her on ALL SOCIAL MEDIAS @euthanAasia! FOOTNOTES: 1. This government price-fixing case makes the tuna industry sound like the mafia, LA Times, Michael Hiltzik, 2019 2. Dairy companies fined for price rigging, The Korea Herald, 김지현 2011 3. https://s3.documentcloud.org/documents/4483839/Bunble-Class-Action-Complasint-Copy.pdf 4. The most important details of the Walmart suit against the “big three” tuna companies, Seafood Source, Cliff White 2016 5. Asserting innocence, Lischewski hopes to return to Bumble Bee CEO role, Undercurrent News, Jason Smith 2019 6. Cooked to death in agony for two hours: Gruesome guilty plea by Bumble Bee Foods, My News LA, Stephanie Michaud 2017 7. Chris Lischewski hopes to avoid prison, while prosecutors push for 10-year sentence, Seafood Source, Cliff White 2020 8. Thai Union's Chicken of the Sea blew the whistle on tuna price fixing, Bumble Bee and StarKist replace legal teams, Seafood Source, Cliff White 2017 9. Lischewski — There Was No Price Fixing in the Tuna Industry, Medium, Chris Lischewski 2020 10. https://twitter.com/LischewskiChris/status/1201639711124738049 PS If you live in chicago, I have a comedy/dueling pianos show coming up this Friday, June 24 2022, at the Lincoln Lodge at 6pm! It's called Christian and Christian dueling ...

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Episode 7

January 31, 2022

The Ballad of Schwan's Frozen Pizza

My girlfriend Sarah joins to talk about frozen food, a surprising amount of corporate espionage, and the private company that has a ~70% likelihood of supplying your public school's pizza: Schwan's! The school lunch contract biz is more intense than you'd think. Please follow @BustedBizBureau everywhere!  Marvin M. Schwan, John Radzilowski, Immigrant Entrepreneurship 2018 Schwan, Marvin in front of an original ice cream truck, ca. 1977 Ketchup as a Vegetable: Condiments and the Politics of School Lunch in Reagan’s America, Amy Bentley, Gastronomica 2021 Judge Allows Lawsuit to Proceed in $870 Million Schwan Heir Case, AP News 1996 MARK SCHWAN AND PAUL SCHWAN VS LAWRENCE BURDGOF ET. AL, APPEAL FROM SECOND JUDICIAL COURT, MINNEHHAHA COUNTY, SOUTH DAKOTA Corporate Spies: The Pizza Plot, Adam L. Penenberg and Marc Barry, NYT 2000 UNITED STATES DISTRICT COURT DISTRICT OF MINNESOTA Schwan’s IP, LLC, and Schwan’s Consumer Brands North America, Inc VS Kraft Pizza Company Potato politics, with a pizza side, David Rogers, Politico 2011 Washington pizza sauce fight has deep Minnesota ties, Brett Neely, MPRNews 2011 Leading School Food Supplier, Schwan’s Food Service, Serves Up Industry’s First Portfolio of Products to Meet Proposed USDA School Meal Rules, BusinessWire 2011 City Schools’ Food Program Struggles with Pizza Problems, City Limits 2016 Schwan's Co. v. Cai 12-2-2021 ...

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Episode 9

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ShotSpotter

Rising star Deanna Ortiz joins to talk about something we spend a stupid amount of tax dollars on in Chicago: ShotSpotter! It’s a national company, but the City of Chicago makes up nearly a quarter of its revenue. What are we spendin’ all that money on? This episode is sooo foolish, we talk about tech bros’ hubris, how good PR can change everything, and who from the company definitely got picked to be the fall guy. FUN STUFF! COMEDY PODCAST! Follow @DeannaOrtiz_ and @Crushes_podcast everywhere!! Footnotes:  Shot Spotter: Can a tech startup put a dent in violent crime? Ethan Walters, Wired Apr 1 2007 Interactive Map of where Shotspotters are in Chicago  ShotSpotter FAQ Could a controversial gun-surveillance system help tackle Toronto crime? Jeff Gray, 2016 Toronto Daily News Gunshot detection technology raises concerns of bias and inaccuracy, Prince Shakur, Coda 2020 ShotSpotter Sensors Send SDPD Officers to False Alarms More Often Than Advertised, Kara Grant, Voices of San Diego 2020 Courtroom testimony reveals accuracy of SF gunshot sensors a ‘marketing’ ploy, Jonah Owen Lamb, San Francisco Examiner 2017 Impact of ShotSpotter Technology on Firearm Homicides and Arrests Among Large Metropolitan Counties: a Longitudinal Analysis, 1999–2016, Green, Dineen, Doucette, Shapiro, and Rassian 2021 A Partially Randomized Field Experiment on the Effect of an Acoustic Gunshot Detection System on ...

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00:56:53