August's Doumanian Acquires Stage and Screen Rights to "Ponzi's Scheme"

News   August's Doumanian Acquires Stage and Screen Rights to "Ponzi's Scheme"
Jean Doumanian, one of the producers of the Pulitzer Prize-winning August: Osage County, may have found her next stage project.

The New York Times reports that the production company owned by Doumanian, who has also produced several Woody Allen films, has acquired both the stage and film rights to the 2005 Random House book "Ponzi's Scheme." Mitchell Zuckoff's book, according to the Times, "tells the story of Charles Ponzi, a charismatic charlatan who came to Boston and fleeced investors for millions of dollars in the 1920s by promising them huge, swift returns on their money — then used the money to pay big sums to earlier investors and repeated the cycle with tier after tier of investors to convey the appearance of earnings."

Doumanian, who has already spoken with Jersey Boys book writer Marshall Brickman about the book's musical possibilities, told the New York daily, "The original Ponzi story is just a great tale: He was a very charismatic guy, very colorful, people loved him, and the whole ambiance of Boston in the '20s before the Depression has great parallels with what we're seeing today with [Bernie] Madoff and our terrible recession-depression."

Doumanian is also pursuing a film based on the non-fiction book. "We'll go with which ever project comes to fruition first," she told the Times.

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