Charles Ponzi

Bernie Madoff, a well-respected financier, conducted one of the most well-known Ponzi schemes. Madoff lured in investors by guaranteeing them unusual high returns. Over several decades, Madoff was able to scam and convince thousands of investors to hand over their savings with a false promise of consistent profits in return. He was eventually caught in December 2008 and was charged with 11 counts of fraud, money laundering, perjury, and theft (Yang). On June 29, 2009, he was sentenced to 150…

collateral such as real estate or inventory (“Bridge Loan”, n.d.). In the case of Agape World, Inc. the bridge loan was nothing more than a clever twist to a classic “Ponzi” scheme. Convincingly, even the famed illusionist Harry Houdini would have been impressed with Mr. Cosmo’s deceptive skills. Cleverly, the bridge loan angle to the Agape “Ponzi” scheme negated the need for Nicholas Cosmo to have a successful track record of investing similar to other investment…

The cognomen Madoff has been stained with deception as it relates to American investment fraud history. Bernie Madoff masterminded a modern day Ponzi scheme, which was the biggest investment fraud known to Wall Street that amounted to $65 billion swindled from investors for a 20 year period (Graybow & McCool, 2009). Madoff, 77 years old, is currently serving a 150-year prison term at Metropolitan Correctional Center in Lower Manhattan; 150 years was the maximum sentence for his crimes (Henriques…

day help create change. Her family was well acquainted by the royal family and in 1977, she was sought after to become Prince Charles future spouse. The couple received much attention from the media, for the public was intrigued by the seemingly odd pairing. Lady Diana Spencer became Diana, Princess of Wales on July 29, 1981 after her marriage was finalized to Prince Charles. The fairytale of a wedding and happily ever after did not last long after the couple's divorce was announced in 1992.…

individuals, he differed in opinion on Malthus's idea of the increase of population. Darwin (just from observation) did not believe that population would increase at a tremendous rate from year to year but believed it would stay somewhat constant. Charles Lyell was a uniformitarian. He believed the earth had gone through changes by the same causes (earthquakes and volcanic eruptions) on the same scale we see today. While he did believe that the earth had gone through many changes, Lyell…

When Darnay first enters the court room the crowd shouts “’Take of his head!’...’an enemy to the Republic!’”(375). They are a very angry crowd and will seemingly stop at nothing for Darnay to get what he deserves- to be killed. However when it was shown that Darnay was related to Dr. Manette and was acquitted the crowd quickly switched the motives and many rushed towards him and gave him hugs. However Darnay “knew very well, that the very same people, carried by another current, would have…

In his novel Great Expectations, Charles Dickens displays the recurring theme of how sometimes in life, despite what the accepted behavioral norms are for a certain group, not everyone complies to these standards. He uses this theme to make a profound statement in regard to his lack of conformity to gender ideals as depicted by the Victorian era, through the use of reversed gender roles. Stereotypically, Victorian ideals stated that women were to be kind and nurturing, and the men were to be…

In place of letting misfortunes befall her by her father as in Girl with No Hands, the princess leaves her father and renounces her parents: “I am a poor child who no longer has a father or a mother” (Grimm 57). Charles Perrault’s version of introduces a fairy figure of a motherly nature; however, depriving the princess of such mentors in Grimm’s retelling of the story let her become independent, reflecting the words of Bruno Bettelheim: “fairy tales depict in imaginary…

Several positions exist in philosophy regarding human nature. Karl Marx and Charles Darwin give two of these positions. Karl Marx’s philosophical position on human nature was that economic substructure and society determines human nature (Wall 279). He felt that humans are social animals that are driven to produce in a way that benefited society, and that human nature is “expressed in a drive to spontaneously and creatively produce products in a manner that is conducive to social and…

Theories and studies in science tend to change over the years due to new evidence as well as social changes. Science, like a living organism, adapts and is reevaluated with new outcomes. It is important to look back at past studies and ideas not only to retest hypotheses but also to see how far the scientific community has brought society. One branch to look back on would be biology, more specifically human variation. At the present time we know that race is not a biological variation. All…