Milos Forman to direct PONZI SCHEME biopic

The Madoff and Lay financial scandals have llittered the front pages of newspapers across the country, so it makes sense that Hollywood is making a film about one of the most famous scheme. According to Variety, Christopher Weekes has been hired to write Ponzi Scheme based on Mitchell Zuckoff's 2006 bio Ponzi's Scheme: The True Story of a Financial Legend. The news get's even better because Milos Forman, (Amadeus and One Flew Over the Cuckoo's Nest) is set to direct the film. Weekes' Jim Henson script was part of the 2009 Black List.  

Here is a description of the book from Amazon:

Before Charles Ponzi (1882â€"1949) sailed from Italy to the shores of America in 1903, his father assured him that the streets were really paved with gold - and that Ponzi would be able to get a piece. As journalist Zuckoff observes in this engaging and fast-paced biography, Ponzi learned as soon as he disembarked that though the streets were often cobblestone, he could still make a fortune in a culture caught in the throes of the Gilded Age. Zuckoff deftly chronicles Ponzi's mercurial rise and fall as he conjured up one get-rich-quick scheme after another. Charming, gregarious and popular, Ponzi devised and carried out the scheme that carries his name in 1920 in the open (and with a brief period of approval from Boston's newspapers and financial sector). Many investors did indeed double their investments, as Ponzi would use money of new investors to pay old investors, and Ponzi himself became a millionaire.

Sounds like an interesting story actually. I liked Cuckoo's Nest and really loved Man on the Moon so the idea of Forman directing this film sounds pretty cool. What are your thoughts on this news?