www.public4you.fora.pl

beede258ms

According to the short article "'Ponzi' Schemes" on the website of the United States Securities and Exchange Commission, Charles Ponzi raised over a million dollars in three hours in 1921. People thought he was selling them an investment that would give a 50 percent return in 90 days. It sounds too good to be true today, and it was too good to be true then.
What is a Ponzi Scheme?
What Mark C. Knutson points out is that Ponzi would have needed armies of wheelbarrow-pushers just to carry the tens of millions of coupons he pretended to have bought. Turning the coupons into cash would also have been problematic [link widoczny dla zalogowanych], but not for Ponzi. He may have begun with the intention of working the arbitrage as described, but those intentions seem to have quickly evaporated. No matter what Ponzi told investors, he did not use their money to buy coupons.
Ponzi was a convicted criminal before he concocted his most famous scheme. Many would say he had no intention of ever making an effort to actually run the supposedly honest business that he was promoting. Writer Mark C. Knutson has taken a close look at the scheme and concluded it would be impossible to run it at any scale, and certainly not at the scale Ponzi proposed. Knutson's website, "The Remarkable Criminal Financial Career of Charles K. Ponzi" presents a very detailed recounting of the facts and an analysis of the Ponzi story and is recommended to anyone interested in learning more about Charles Ponzi.
Even if the promoter of a Ponzi scheme doesn't keep any money for himself (and that would be unheard of), the scheme will collapse as soon as the payments going out exceed the money coming in. Since the whole point of the P
Very simply, a Ponzi scheme is one where the promoter "robs Peter to pay Paul". The actual venture, whether it's postal coupons, real estate, racehorses, or anything else, does not make enough money to pay back the investors and give them the big profits they are expecting. The promoter, desperate to keep the scheme going, uses the money from new investors to pay the old ones. The most successful schemes go on for a long time by keeping investors just happy enough not to complain, and to never ask for their money back. When the investment comes due, a Ponzi scheme promoter will try very hard to get the investor to reinvest their money.
By the time the court caught up with him [link widoczny dla zalogowanych], Ponzi admitted to taking $10 million from investors, many of whom were neither wealthy nor sophisticated. The actual amount could have been $15 million or more. He returned $8 million before his trial.
class="dynamic">Charles Ponzi Was A Real Person
In the field of investment or securities fraud, the phrase "Ponzi scheme" is often heard.
The Promotion Behind the Original Ponzi Scheme
Charles Ponzi's modus operandi was not new [link widoczny dla zalogowanych], but now bears his name as some kind of tribute to the vast scale with which he performed it.
What Charles Ponzi told investors was this. He could buy International Postal Reply Coupons cheaply abroad and then turn them into American postage stamps. Then he would sell the postage stamps and get lots more money than what they had cost him to buy. This was because of an apparent arbitrage opportunity arising from foreign exchange rates. An American dollar could buy more coupons in Bulgaria (for example) than in the because the value of the coupon was set in local currency, regardless of the prevailing exchange rate. However, no matter where the coupons were purchased, they could be exchanged in the U.S. for the same thing, a U.S. postage stamp.
Read on
The Perils of HYIP Programs
Large Scale Fraud in Pennsylvania
A Biography of Bernard L. Madoff and His Scam