My Adventures with Your Money: George Graham Rice and the Golden Age of the Con Artist, by T.D. Thornton
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My Adventures with Your Money: George Graham Rice and the Golden Age of the Con Artist, by T.D. Thornton
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Master swindler George Graham Rice operated at the zenith of America's golden age of con artistry with plenty of illicit competition, but he stood apart from all others thanks to the sheer audacity, pure nerve and nefarious brilliance of his scams. Against the dark rise of American greed in the early 20th Century into the Roaring Twenties, the dapper but devious "GG" feasted on a nation of gullible prey with the flair of circus showman P.T. Barnum and on a financial scale comparable to modern fraudster Bernie Madoff.Born Jacob Simon Herzig in 1870, he later changed his name - just as he would frequently change his swindles - to make himself into one of the most imaginatively successful villains in American history. With only seven dollars to his name, Rice parlayed a chance horse racing tip into millions, lost it all to pride and ego, then won it back many times over. Vilified by securities regulators as the "Jackal of Wall Street," he sparked riots in Manhattan's financial district by perfecting the art of "bucket shop" trading with the sole purpose of bilking the public blind. From the lawless frontier of the Gold Rush to his lust for dizzying riches on Wall Street, GG's supreme knowledge of "sucker psychology" empowered him to orchestrate everything from street corner rip-offs for pocket change to elaborately scripted gambling hoaxes for hundreds of thousands of dollars, all while being vilified by old-guard profiteers like J.P. Morgan and befriended by gangsters like Arnold Rothstein. In My Adventures with Your Money, T.D. Thornton has given us an unforgettable real-life version of The Sting with one of America's most colorful con men at its center.
My Adventures with Your Money: George Graham Rice and the Golden Age of the Con Artist, by T.D. Thornton- Amazon Sales Rank: #395974 in Books
- Published on: 2015-11-03
- Released on: 2015-11-03
- Original language: English
- Number of items: 1
- Dimensions: 9.68" h x 1.04" w x 6.41" l, 1.00 pounds
- Binding: Hardcover
- 304 pages
Review "Mr. Thornton offers up a hugely entertaining biography....My Adventures With Your Money is written in a fast-paced and jaunty style, as befits the subject....Yet Mr.Thornton also has a sharp eye for detail...The Jazz Age is wonderfully conjured up with its numerous crazes and dubious promotions, from 'extracting gold from seawater...to devising a "spirit laboratory" to consult dead inventors'...My Adventures With Your Money is a grand addition to the grifting genre. Pick your own pocket and buy a copy." - The Wall Street Journal"Thornton tells the story of the most notorious grifter you probably never heard of...As such, his story is an interesting tour through the early years of Wall Street and the often blurry lines between legal and illegal business practices. A good read for anyone interested in confidence men and the history of Wall Street." - Kirkus"The book succeeds where a lot of biographies fail. This is as much a book about human nature as it is about George Graham Rice." - Bill Finley, Thoroughbred Daily News"If you're ever tempted to believe that the current financial system has never been shadier or more corrupt, this book will quickly cause you to count your blessings. At one level, this book is a biography of an infamous con artist who makes Bernie Madoff look virtuous by comparison. But it is also a biography of an economic landscape in the first decades of the 20th Century, a time when swindles, con artistry and rip-offs dominated the land." - Ranked #5 of 10 Best Business Books of 2015 by Wealth Management"A rollicking story of high-stakes tomfoolery." - The Dispatch"The narrative is evocative and a great insight into the power of promotion, illusion and creative journalism...This reader found My Adventures with Your Money to be a very unusual and intriguing book, focusing on the Roaring Twenties from a fascinating new angle." - History ASM
"A hugely entertaining biography... My Adventures With Your Money is a grand addition to the grifting genre. Pick your own pocket and buy a copy." - Wall Street Journal
"This remarkable read of a man who swindled thousands of people out of millions of dollars is for fans of con artists, stock market history, and the films Wall Street and The Wolf of Wall Street." - Library Journal
"Set against the backdrop of the Roaring ’20s and its subculture of con men, this dazzling portrait traces Rice’s progress from small-time grifts such as inflating penny stocks to later being known as the “Jackal of Wall Street.” Thornton successfully transforms this unsavory character into a charming, irresistible anti-hero. This easy-to-read tale of survival during the earliest part of the 20th century will make readers hungry for more grifts." - Publishers Weekly“Packed with rich period detail and written in a rollicking style that perfectly captures the sheer, unbounded vitality of its incorrigible subject, T.D. Thornton's My Adventures with Your Money is a both vivid evocation of a uniquely colorful era in our nation's past and a dazzling portrait of one of its most flamboyant figures--George Graham Rice, con-artist extraordinaire. Thanks to Thornton's exuberant biography, the unaccountably forgotten Rice has been restored to his rightful place alongside the likes of P. T. Barnum and Charles Ponzi in the great rogues gallery of all-American hucksters, swindlers, and confidence men.” - Harold Schechter, author of The Mad Sculptor: The Model, the Maniac, and the Murder that Shook the Nation
“In My Adventures with Your Money, T.D. Thornton shows us the heart and soul, such as they were, of one of our finest swindlers. This rollicking and highly entertaining portrait of George Graham Rice, a top-drawer hustler in the nation's great era of con, never fails to fascinate. From doped-up thoroughbreds to bogus gold stocks, Rice's money-making schemes roped in the suckers. But the big winners here are Thornton's lucky readers.” - Doug J. Swanson, author of "Blood Aces: The Wild Ride of Benny Binion, the Texas Gangster Who Created Vegas Poker
About the Author T.D. THORNTON is a Boston-based writer with a keen interest in chronicling the glorious underbelly of America. He is the author of the award-winning book Not by a Long Shot-A Season at a Hard-Luck Horse Track, and his journalism and creative nonfiction have appeared in the New York Times, Boston Globe, Slate, The Daily Beast and McSweeney's.
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Most helpful customer reviews
8 of 8 people found the following review helpful. Through the life and times of master swindler, George ... By Harry Zeta Through the life and times of master swindler, George Graham Rice, author T.D. Thornton explores the human nature in all of us.....a relentless fascination with get rich quick schemes and a willingness to rub elbows with the characters and scoundrals of con artistry.....from the race track to Wall Street to the Wild West, Thornton has done a masterful job of presenting the con game in the Roaring Twenties. A must read for horse racing fans, Wall Street investors, and those of us interested in getting rich....quickly!
6 of 6 people found the following review helpful. A Book Showing It Pays to be Careful By Ancient_Fossil Mr. Thornton’s excellent and entertaining book was recently reviewed in the Wall Street Journal. There is little to add to this well written evaluation; readers are advised to find it, if possible.This history of scamming and cons is nicely organized and composed. Many hard facts and interesting facets are presented, certain eras and decades are particularly well summarized. This is especially true of the 1920’s, the years preceding the Great Depression. The author is congratulated for his succinct analysis.Mr. Thornton’s best sections describe cons and frauds, how they present, are managed and invariably end. That is why I bought this book, and I was well rewarded. Understanding greed and vulnerability is a critical money management skill, and the book should be mandatory reading for every investor and businessperson. Neglecting this is flirting with disaster, exactly what Mr. Thornton repeatedly illustrates throughout. It is why and how cheats and scoundrels continue to find marks easy to fleece.The Gans-Nelson prize fight, particularly well presented, and is a fascinating sidelight. It is interesting to realize the astounding sums of money involve in Herzig-Rice’s scheming distortions, how he managed to surmount roadblocks to his mercenary goals, and how easy it was (and still is) to deceive people. As Mr. Thornton describes early in his book, recent Madoff-style betrayals prove we remain easy objects of deceptions.There are only a few, minor criticisms: more illustrations and maps of the far West would have been useful. (I have visited most of these towns; a few are considered “ghost” towns, although they have a few residents.)In summary, Mr. Thornton published a very fine description and history of financial deception and a professional fraud. It is a well written, enjoyable and entertaining book that is highly recommended.
5 of 5 people found the following review helpful. King of the Con Men By Rob Hardy Everyone knows what a Ponzi scheme is, although the man for whom it is named, Charles Ponzi, is pretty much forgotten. Everyone knows who Bernie Madoff is, although half a century from now perhaps he will be forgotten, too. We have also forgotten George Graham Rice, although his contemporaries knew the name well. There is now an entertaining biography of one of the top American con artists: _My Adventures with Your Money: George Graham Rice and the Golden Age of the Con Artist_ (St. Martin’s Press) by T. D. Thornton. It isn’t just a biography of Rice, but also a look at what he was selling and why it was so attractive, what sort of people wanted to buy from him, and how the era made it possible. Rice worked very hard, and was really good at what he did, and much of the book is a rollicking story of high-stakes tomfoolery.Rice got an early start on bilking people by scamming his family. He was prodigiously smart, and a smooth talker, but honest application bored him. He went on to live a dandified youth by bouncing checks on the family business; the father honored the checks but had the son arrested. Jacob was sent to a reformatory where he befriended an elderly con man, Willie Graham Rice, learned some of his friend’s techniques, and adopted his name. Rice’s first endeavor was based on horse racing. He would not be the one betting on the races; he formed a race-tipping service for subscribers of his racing paper. When the paper folded, he went west to Nevada, where prospecting towns were springing up. Not for him was the toil of digging; instead, he formed a brokerage to sell penny mining stocks; he might be said to have originated the penny stock system. The mining business boomed and failed, and Rice returned to Wall Street. He wasn’t part of the official Stock Exchange, but entered the Curb Exchange, the outdoor market that was unregulated. It was within the arena of the Curb Exchange that Rice met and partnered with Arnold Rothstein, a powerful gangster who may have been America’s first organized-crime boss and who was implicated in the notorious fix of the 1919 World Series. Rothstein’s legal team was to prove invaluable for Rice, but nonetheless he did get a four year sentence handed to him a few weeks after the market crash of October 1929, and he served it in a penitentiary in Atlanta, where Al Capone invited him to share his cell and the luxuries therein. “I’ll take Al’s word,” said Rice, “quicker than anybody on the stock exchange.”The bust of the depression years changed everything. The public was more wary, and the government more vigilant. The age of the big, flashy con was over, and it is hard to trace Rice’s last years. No newspaper included an obituary when he died in 1943. Thornton has cheekily lifted the title of his book from a memoir Rice himself wrote in 1913, a bit of pilfering that Rice would have appreciated. Rice’s book bore this dedication: “To the American Damphool Speculator, surnamed the American Sucker, otherwise described herein as The Thinker Who Thinks He Knows But Doesn’t—greetings! This book is for you! Read as you run, and may you run as you read.” It is a measure of Rice’s confidence and skill that he could write a con man’s memoir and then continue taking the suckers in. His was an astonishing, not an admirable, career, fully worthy of this lively and funny biography.
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