Pyramid and Ponzi schemes

TWhy do you think that people would steal art? To get money, to help a friend, to just get attention? Everyone has there reasons that we might never know. That is one of the challenges authorities have, trying to figure out why people steal the ear that they steal. Another major challenge is having to locate the art and the people who stole it. The masterpiece Rembrandt's Christ in the Storm on the Sea of Galilee was stolen. It had a five million dollar reward for whoever could find it. At the…

After Queen Elizabeth died, James I rose to become king of England on July 25, 1903. He was a strong supporter of Shakespeare’s company and called them to perform for the court thirteen or more times a year. On account of King James’s robust advocacy of the company, the Lord Chamberlain’s Men changed the company’s name to The King’s Men (Chrisp and Teague 48). The King’s Men performed at the Blackfriars Theatre in winter and at the Globe Theatre in summer (Boyce 351). The main reason for this…

Austin Sweeting Mrs. Jones Sociology 8:00 21 March 2016 Bernie Madoff's $50 Billion Ponzi Scheme: White Collar Crime After overlooking several different types of crimes I decided to look into the damaging effects of what white collar crimes can cause. Thereafter I then decided to choose one of the most infamous white collar crimes “Bernie Madoff’. The man who almost got away with billions of dollars of innocent investors. We will dive into the shocking story of Bernie Madoff the man who…

rise to the leak of my financial information. In addition, I will make sure to shred all my financial related documents. I will also stop using debit card at a gas station. 5. Do some research on Bernie Madoff. What was his punishment for the Ponzi scheme? How much money did investors lose? How was Madoff’s family…

The Men Who Built America Episode 1 starts 5 Days after the Civil War, which was known as the bloodiest conflict with 6,000 deaths adding one of the greatest, Abraham Lincoln. This episode was about how the railroads had come together. The railroads started with Cornelius Vanderbilt. He began his journey starting with a single ferry that had later on become many ships. His ships were used to transport goods. Vanderbilt later on in life then decided to sell all of ships and invest in railroads.…

business was an elaborate Ponzi scheme held to satisfy his lust for riches. How may you ask? It involved all forms of cruel acts including fraud and money laundering, with billed accounts as high as 65 Billion US dollars. Like Macbeth once believed, “False face must hide what the false heart doth know.” This is a prime example of such an atrocity as the quote described deceit. As of today, Madoff faced an undesirable outcome similar to Macbeth for orchestrating his schemes- a 150-year prison…

Bernard Madoff’s Ponzi Scheme We have all heard of a Ponzi scheme and may know of someone who has fallen victim to this type of fraud but we may not all be familiar with the definition of a Ponzi scheme. A Ponzi scheme is an investment fraud in which funds from a new investor are taken to pay an existing investor an alleged return on their investments. New investors are recruited by being guaranteed high return rates with little to no risk for loss. The organizer of the Ponzi scheme is…

Craig Newmark launched the website that bears his name in 1995. Since then, Craigslist has turned the classified ad market upside down, draining billions of dollars from newspaper coffers while saving consumers a mint. However, consumers have also lost plenty of money through Craigslist, typically falling for one scam or another that has extracted hundreds, sometimes thousands of dollars from them. Here’s a sample of the Craigslist car scams that have been perpetuated and how best to avoid each…

In 2009 in America, Bernard Madoff, one of the most famous business men in the United States and a part-builder of the largest financial pyramid in American history, was convicted. It was one of the most known and big investment scandals in the history of Wall Street. Bernard Madoff, the founder of the Financial Pyramid, which attracted a huge sum around $50 billion, threw the USA in shock. Since the mid-60s of the last century, the name Madoff was synonymous with scrupulous honesty and…

1. What was Sarah Symons “Ah-Ha” moment? Sarah’s big wake-up call was when she saw the film “The Day My God Died”, a documentary on the rampant sex trafficking in Nepal and India. After seeing it she told her significant other, John; “I just saw this movie, and it’s going to change my life.” The film gave her an awareness about the severity of sex-trafficking and it is what ultimately set her Journey to fight it. 2. Was Sarah impacted by the devastation of sex trafficking, or inspired by the…