The most notorious perpetrator of this type of fraud is New York financier Bernard Madoff, who in 2009 pleaded guilty to masterminding a decades-long, $65 billion swindle. The Ponzi scheme is named for a real person, Charles Ponzi, who in 1920 bilked thousands of people out of some $10 ...
Warren Buffett, for a long time, didn’t invest in tech. How can you not invest in tech? He wasn’t comfortable. He didn’t understand it. But here’s the key thing that you find that a lot of people don’t recognize when it comes to dealing with Ponzi schemers as an investment...
Charles Ponzi was an early 20th century Italian immigrant to the United States. Ponzi invited people to invest in International Postal Reply Coupons. He promised extremely high returns. All he really did was take investors' money and deal out small payments to earlier investors. All told, Ponzi...
Charles Ponzi was an early 20th century Italian immigrant to the United States. Ponzi invited people to invest in International Postal Reply Coupons. He promised extremely high returns. All he really did was take investors' money and deal out small payments to earlier investors. All told, Ponzi...
However, he's also rumored to have lost substantial amounts on other bets, so it has not all been plain sailing for the man at the head of G-Unit. Then again, a personal wealth of $40 million will go a long way to softening any substantial losses with the sportsbooks. ...
Another thing I was getting old, I didn’t want to move, so make a long story short. I said in my private little way, Jesus I leave this in your hands. Two years ago I ended up in the deep South, in the Bible Belt no less, in an old run down farm house, that I work on...
Long before Madoff attained infamy as a criminal mastermind, he earned respect as a pioneer in electronic trading. Yet Madoff apparently wasn't satisfied with his place in history and was prone to embellish it on occasion. Such fibbing may be the moral equivalent of failing to plug the parkin...
is a geyser of material and insight into the inner-workings of the NXIVM cult, which has spectacularly exploded over the last couple of years with leader Keith Raniere and many of his inner circle now sitting in prison or home confinement fo...
The long-term outlook for ND remains positive Read More A protracted U-shaped recovery in demand: De Beers Read More Lagu Bandhu Unveils Gudi Padwa Collection Read More WGC appoints Neal Froneman as new Chair Read More Significant Growth in Gold Jewellery and Silver Jewellery Exports ...
In those parts of the world where there has been some recession of mountain glaciers, such as the Alps, researchers are finding long-lost medieval forests, mountain passes and even an entire silver mine. Besides, the retreat of the mountain glaciers began in many places in 1880, long before...