Ponzimonium How Scam Artists Are Ripping Off America (Black and White) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Ponzimonium How Scam Artists Are Ripping Off America (Black and White) write by Commodity Futures Commodity Futures Trading Commission. This book was released on 2015-01-07. Ponzimonium How Scam Artists Are Ripping Off America (Black and White) available in PDF, EPUB and Kindle. In December of 2008, the world learned that legendary investment guru Bernard Madoff made-off with an estimated $50 billion in what was called the "Mother of all Ponzi Schemes." Ponzi schemes, named after Charles Ponzi, are scams in which early "investors" are given supposed returns paid through funds provided by later investors. Typically, an investment is made and then some "profits" are paid out, prompting the investor to assume that his or her money has increased in value. In actuality, the perpetrators of these schemes-Ponzi, Madoff, or the others described in this book-take the money for themselves. The legal term for this kind of taking is "misappropriation." As new investors enter the fraud, supposed returns are offered continually to initial investors, and many times are accompanied by fake account statements. This continues until new money stops flowing in and the investors want their money back. During the 2008 economic downturn, people needed their money back at the same time that there were no new investors. Many "house of cards" scams have fallen and the perpetrators of the swindles have been caught. Charles Ponzi ran these types of scams in the U.S. until he was deported to Italy, his birth-place, in 1934 as an "undesirable alien."
Ponzimonium How Scam Artists Are Ripping Off America (Color)
Ponzimonium How Scam Artists Are Ripping Off America (Color) - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Ponzimonium How Scam Artists Are Ripping Off America (Color) write by Commodity Futures Commodity Futures Trading Commission. This book was released on 2015-01-07. Ponzimonium How Scam Artists Are Ripping Off America (Color) available in PDF, EPUB and Kindle. In December of 2008, the world learned that legendary investment guru Bernard Madoff made-off with an estimated $50 billion in what was called the "Mother of all Ponzi Schemes." Ponzi schemes, named after Charles Ponzi, are scams in which early "investors" are given supposed returns paid through funds provided by later investors. Typically, an investment is made and then some "profits" are paid out, prompting the investor to assume that his or her money has increased in value. In actuality, the perpetrators of these schemes-Ponzi, Madoff, or the others described in this book-take the money for themselves. The legal term for this kind of taking is "misappropriation." As new investors enter the fraud, supposed returns are offered continually to initial investors, and many times are accompanied by fake account statements. This continues until new money stops flowing in and the investors want their money back. During the 2008 economic downturn, people needed their money back at the same time that there were no new investors. Many "house of cards" scams have fallen and the perpetrators of the swindles have been caught. Charles Ponzi ran these types of scams in the U.S. until he was deported to Italy, his birth-place, in 1934 as an "undesirable alien."
Ponzimonium
Ponzimonium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Ponzimonium write by Bartholomew H. Chilton. This book was released on 2011-10-25. Ponzimonium available in PDF, EPUB and Kindle. True stories of crime and punishment that will inform and educate anyone who wants to find out how to identify and avoid becoming entangled in an investment fraud.
Ponzimonium
Ponzimonium - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Ponzimonium write by U.S. Commodity Futures Trading Commission (CFTC). This book was released on 2016-04-19. Ponzimonium available in PDF, EPUB and Kindle. Ponzimonium is a book chock-full of advice to educate investors on the scam artists ripping off America. The primary message is that investors should not spend on unregulated companies or individuals who trade unregulated markets—background checks are priceless. The book tells provocative stories such as that of Darren Potter, who cleverly categorized investments in his program as “loans” and ironically became a victim himself of a Ponzi scheme. There is an “Investor Bill of Rights” that pushes investors to question fund lock-up clauses and warns them to be careful of those who do not properly explain obligations and fund expenses, require additional investment capital at a future point in time, or have not appropriately disclosed all risks. Some of the red flags called out in Ponzimonium include a fund’s need for secrecy and whether there are abnormal methods of accepting investments or whether conducting independent research on the fund is difficult. This is a must-read for anyone new or old to investing and the pitfalls that could make or break your bank.
The Readies
The Readies - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Readies write by Bob Brown. This book was released on 2015-02-13. The Readies available in PDF, EPUB and Kindle. In 1930, Bob Brown predicted that the printed book was bound for obsolescence. The time has come, he insisted, to rid the reader of the cumbersome book. He invented a machine that would allow one to read books and any text extremely fast and in a hyper abbreviated form. He called these abbreviated texts, with em dashes replacing words: readies. He envisioned sending the condensed texts through wireless networks. The Readies, describes these eponymously named abbreviated texts and his plans for a reading machine, but since he printed only 150 copies, the volume is practically unknown outside of a small circle of scholars. With this new edition, Craig Saper hopes to introduce Bob Brown's Roving Eye Press books to a new generation of readers.
