The Salad Oil King: An American Tale of Greed Gone Mad

The Salad Oil King: An American Tale of Greed Gone Mad

by M.G. Crisci

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Overview

High-School-Dropout Masterminds a $14B White-Collar Scam.

Bespectacled Fonso Gravenese was just six when he ran his first scam in 1915--winning quarters from his neighborhood buddies by rubbing olive on his yo-yo strings to make it spin faster.



From there, the scams got bigger, and his appetite unquenchable. By the time Fonso was 50, he had built a $500 million personal fortune by scamming federally-funded School Lunch, Wartime Stamp Rationing, and International Food for Peace Programs.



Craving for more, he cornered the Cotton Seed and Soybean Oil, major ingredients in the production of Salad Oil, with the help of his ruthless Mafia partners, to control the worldwide price of Salad Oil. Eventually, commodity prices plummeted, the NYSE was forced to halt trading, and $14 billion in salad oil inventory vanished into thin air.



The story, filled with humor, pathos, philanthropy--he gave millions to various charities, including his church and town and local bicycle clubs--offers new meaning to the phrase "buyer beware."

Product Details

ISBN-13: 9780991477357
Publisher: eBookIt.com
Publication date: 07/29/2016
Pages: 374
Product dimensions: 6.00(w) x 9.00(h) x 1.00(d)

About the Author

Manhattan born M.G. Crisci is the critically-acclaimed author of nine books based on true stories or real events in the genres of literary fiction, historical fiction and drama.

His books have been called "must reads" and "expertly crafted" by a diverse group of domestic and international media outlets, including the San Francisco Book Review, the Sacramento Book Review, the Manhattan Book Review, Voice of America in Washington, and Rossiyskaya Gazeta in Moscow.

He is also an internationally-recognized expert on consumer motivation and behavior, an award-winning journalist, a screenwriter, and a thought-provoking social activist committed to improving Russian-American cooperation through joint cultural activities. He has been elected to Who's Who in the World 21 times.

More information on M.G. Crisci can be found at his website, major search engines and on his YouTube channel.

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