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Money for Nothing

One Man's Journey through the Dark Side of Lottery Millions

Audiobook
1 of 1 copy available
1 of 1 copy available

This wry and funny memoir tells the story of America's addiction to gambling from an astonishing angle. At age twenty-six, broke and knee-deep in gambling debt, Ed Ugel serendipitously landed a job as a salesman for "The Firm," a company that offered up-front cash to lottery winners in exchange for their gradually-doled-out prize money. Ed made a lucrative living by taking advantage of lottery winners’ weaknesses—weaknesses he knew all too well. As Ed saw up close the often hilarious, sometimes sad outcome when great wealth is dropped on ordinary people who rarely have the financial savvy to keep up with the lottery-winner lifestyle, he discovered that the American Dream looks a lot like a day at the casino. And like those lottery winners, Ed struggled to find a balance in his own life as his increasing success earned him a bigger and bigger salary.

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    • AudioFile Magazine
      This memoir describes how hapless overspending lottery winners are lured into contracts that pay them lump-sum amounts in return for portions of their multi-year payouts. It's a predatory sales operation with huge commissions that Edward Ugel says he mastered through his willingness to schmooze with and lie to clients. Blind ambition and a gambling addiction fueled his productivity. The author's story is intensified by the contradictions between his ruthlessness with clients, his guilt over his profession, and his big-picture knowledge of gambling culture. Narrator Arthur Morey gives an exceptional interpretation of the author's evocative writing. He connects equally well with the tension of the sales encounter, the ironies in the clients' sad stories, and the ribald self-disclosure that make this exposé so entertaining. T.W. (c) AudioFile 2010, Portland, Maine

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  • English

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