Pyramid scheme

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  • Ponzi Pyramid Scheme Case Study

    QUESTION 2 Start the question by defining a Ponzi and a Pyramid scheme; A Ponzi Scheme: "A con artist offers obligations that promise very high returns at seemingly very low risk from a business that does in fact exist or a secret idea that does not work out. The con artist helps himself to the investors' money, and pays a promised high returns to earlier investors from the money handed over by these and later investors. The scheme ends when there is no more money from the new investors"(Frankel, 2009, p.2) A Pyramid scheme: "An illegal investment scam based on a hierarchical setup. New recruits make up the base of the pyramid and provide the funding, or so-called returns, given to the earlier investors/recruits above them." as reported by…

    Words: 1214 - Pages: 5
  • Herbalife Case Analysis

    The plan was developed by Herbalife’s first distributor and founder, Mark Hughes. He believes that his plan pays a high percentage of product revenues to members and distributors in the form of retail and wholesale profits, royalty, and bonus income and incentives. Herbalife sales and marketing plans seem exceedingly attractive to many people; therefore, more people want to join Herbalife. Due to the popularity, a serious problem emerged: Pyramid Schemes, which is a form of investment in which…

    Words: 2004 - Pages: 9
  • The Day My God Died Analysis

    Symons and Berger saw that this type of model would give most of the profit to the hosts rather than the survivors, the people who they originally started the company for. 9. What examples of Compassionate Capitalism did you see in the case study? The most obvious and major one was the social programs set up by Made by Survivors. They created jobs and positions for those who had no options. They took the money they made and set up factories and such to produce jewelry and help the local…

    Words: 1064 - Pages: 5
  • Pyramid Schemes: Illegal And Multi-Level Marketing

    It has been established that pyramid schemes are illegal and one must not engage in the operation of such. To furthermore differentiate pyramid schemes from multi-level marketing or is now known as network marketing organizations Koehn (2001) states that Multi-level marketing refers to the dispersal, dissemination, and suppling of goods or services through varying levels of individual agents or contractors. These distributors are being paid commission, bonuses, or other forms of consideration in…

    Words: 824 - Pages: 4
  • Carnival Triumph

    We get off port and see a street vendor selling some excursions to the pyramids. We purchase nine excursions for fifty dollars each, which was incredibly cheap. My brother and I, being the fearless persons we are, we had the chance to climb an ancient two hundred feet Aztec pyramid. The climb up was incredibly scary. The steps up were about at a foot high and very steep. Climbing up felt like a small gust of wind could just blow you over and send you tumbling down the pyramid. Upon reaching the…

    Words: 1200 - Pages: 5
  • New England Patriots: Case Study

    Adalius Thomas former NFL linebacker signed a contract with the New England Patriots for five years for thirty-five million dollars. Thomas at the time was the highest paid free agent for the New England Patriots. Thomas went to go buy a car and during the transaction his credit was below what it should be, not allowing him to buy the car. Gary Stern was his attorney at the time to deal with his taxes. Stern was involved in creating a fraudulent tax scheme which left Thomas to pay back the IRS…

    Words: 270 - Pages: 2
  • Bernie Madoff's Ponzi Scheme Case Study

    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…

    Words: 1181 - Pages: 5
  • Bernard Froff: The Case Of The Bernard Madoff Case

    The Bernard Madoff case is a great example of how a person will continue to commit a fraudulent act until they are caught. It is also a story that will forever be told and used as a learning guide for investors and others within the financial industry. The term “Ponzi scheme” is one that is often heard in the world of finance. It comes from the fraudulent act committed by Charles Ponzi in the early 20th century. ( Ferrell, 2009) Charles Ponzi is believed to have been the first to successfully…

    Words: 1086 - Pages: 4
  • Chasing Madoff Analysis

    Financial Thriller written by the film’s arguable protagonist Harry Markopolos. Chasing Madoff examines Markopolos and his cohorts pursuit of now infamous ponzi schemer Bernard Madoff. Madoff robbed tens of thousands of people, of tens of billions of dollars. Investigative journalists from several large publications were sought out and tried to bring forward expose articles but unbelievably the story was not brought to light for years. The film’s implications seems to hint at collusion from…

    Words: 1265 - Pages: 6
  • Financial Fraud Case: Nicholas Cosmo And Bridge Loan

    arrested and later pleaded guilty to mail fraud related to a stock investment scheme. He was sentenced in 1999 to 21 months in prison and ordered to pay restitution of $177,000 plus interest and to undergo therapy for gambling. His broker's license was revoked in 2000 and he made restitution payments of $11,000, records show” (Amon, Dymski, Icantalupo, Maier, 2007).…

    Words: 403 - Pages: 2
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