Christopher Weekes has been tapped by producers Jean Doumanian (August: Osage County) and Michael Shulman and Craig Saavedra to pen the screenplay. "Ponzi's Scheme," according to press notes, is an account of the "incredible rise and fall of Charles Ponzi. Long before Enron and Madoff became household names synonymous with fiscal irresponsibility Charles Ponzi, an Italian immigrant who moved to American in the 1920’s in search of the American Dream shook Boston to its core with an earnest business venture that quickly morphed into the world’s most famous scam, which today still bears his name: The Ponzi Scheme."

"The story of Italian immigrant Charles Ponzi is a thrilling saga of the scam that gripped America in the twenties, and the man whose name thereby became legendary," said co-producer Doumanian in a statement. "Ponzi was a lovable con man whose story of misguided ambition resonates today."

"We feel confident that Christopher’s imaginative approach to biographies, coupled with Milos’s unparalleled ability to create moving portraits of seemingly unsympathetic characters, will result in an epic cautionary tale about one man’s search for the American Dream," added  Saavedra and Shulman.