San Jose, CA (PRWEB) October 27, 2010
Successful Silicon Valley businessman turned author, Saeed Fazeli, tells the story of how he was victim of a ponzi scheme that robbed over 50 people of over $48 million dollars in his new book American Greed the Book. “The perpetrator was a close friend, someone I had even thought of as a son,” said Saeed. “What does it take to lie to someone’s face, nearly every day, for thirteen years while stealing everything they have? What does it take to do that 50 times over?”
This is the story of the scheme, how it was pulled off, and how Saeed ultimately discovered and exposed it. Saeed also delves into the most infamous ponzi schemes in history to compare and contrast the motivations and characteristics of their operators. Were they the lifelong sociopaths their victims believe or were they themselves victims of circumstance and societal demands? One of the subjects, not a person at all but an institution, may surprise and shock the reader: the U.S. bankruptcy court. “When the final remnants of our stolen money disappeared into the pockets of the trustees and their attorneys, I realized how the bankruptcy court was little more than a ponzi within a ponzi,” explains Saeed. “After over 50 months and millions in fees from dozens of attorneys and other so-called professionals, the bankruptcy case continues to drag on and the victims will receive less than 2 cents on their dollar.”
The book answers questions like: What drives these criminals, these dream-stealers? As Saeed unveils his personal story, he chips away at these questions as well as shedding light on our failed system of checks and balances and regulatory agencies that should have never allowed it to happen. “Maybe then there’ll be fewer shadows for these thieves to hide in. And maybe then we can dream again, bigger and bolder,” finishes Saeed.
Mr. Fazeli wants to explain his story. He is open and available for newspaper, radio and TV interviews. The hardcover, paperback and ebook versions can be ordered online at http://www.americangreedbook.com.
For more information contact Holly at 650.344.2500 or holly(at)busyworker(dot)be.