Word: ponzis
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...have read your article on "Ponzi Payment." Found it interesting, but none too accurate. My hair is neither chestnut nor grey. It's gone. Have never worn lavender pajamas nor pink ribbons on my night shirt. Fur coat and overshoes on extremely cold nights have been my limit...
...death of her husband 10 years earlier that Crosson would be taken care of. Over the years, O'Donnell told Crosson and 17 other victims that he would invest their money in insurance ventures that would pay them dividends of 13% a year. Actually, he was running a Ponzi scheme, using money from new victims to make payments--briefly--to earlier ones. O'Donnell was sentenced last month to 16 years in prison after a jury in Denver convicted him on 30 counts of theft, securities fraud and racketeering. Crosson got no money back and must now work to supplement...
...power. With protests over the collapse of fraudulent investment schemes convulsing Albania, Berisha dismissed the government and shook up the armed forces. Last week he declared a state of emergency and then had his rubber-stamp Parliament re-elect him President. Protesters reacted by switching their targets from the Ponzi schemes to the one-man rule of Berisha. Simmering economic differences between the poorer north and the south boiled over, and several southern towns exploded into insurrection--or anarchy...
Bennett was only doing what Charles Ponzi did in Boston back in 1919, paying back one wave of investors with money he received from ensuing waves. Like Ponzi, Bennett was something of a civic hero for a while, and like Ponzi, he was careful not to draw attention to himself with a flamboyant life-style...
Bennett's secret was that he was able to marry two powerful but seemingly contradictory human instincts: greed and charity. Those who threw in with New Era were so anxious to give, and to get, that they overlooked the obvious. But then greed and charity have met before. Charles Ponzi's biggest extravagance was a $100,000 donation he made to an orphanage...