Pyramid scheme

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…

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 top, we had an amazing…

I selected the Power Figure (Nkisi Nkondi) from The Brooklyn Museum’s Collections: Art of Africa. It was difficult to narrow the choice to only one. Each piece had so many eye catching elements. Each piece had its own story to tell and teach us about its history. The Nkisi Nkondi demanded my attention by the aggressive stature and glaring eyes. To fully appreciate this piece we need to learn its history. The Power Figure also known as Nkisi (in-KEE-see) Nkondi (in-CON-dee) came from the Kongo…

The very word stands as the pinnacle of ancient and exotic, and the structures themselves are some of the most impressive and monumental traces of civilizations long past. Built throughout Mesopotamia by several different cultures including the Sumerians and Babylonians, ziggurats are some of the world's first huge architecture. Their creation and purpose has long been of interests to archeologists studying the civilizations of the Fertile Crescent. Building Zigguat's was a complex, gradual and…

consider the ethical issues related to the business operations of Agape World, Inc. and its founder Nicholas Cosmo. Nowadays, it seems the story of the failed “Ponzi” scheme seems to be the inescapable in the national news. From Bernie Madoff, Kenneth Starr to Nicholas Cosmo, we are inundated with stories of the collapsed financial scheme. Unfortunately, the stories worthy of broadcast news represents a fraction of the actual convictions by the Securities and Exchange Commission. The term…

There are no heroes in the Madoff story, just villains and those who lost millions of dollars in what is known as the “con of the century”. The scary truth to the story is that if Madoff hadn’t faced seven billion dollars in redemptions his Ponzi scheme might not have been discovered. Everyone in New York City wanted to know how he could’ve possibly pulled off such a stunt. Madoff was one of the most active traders in the marketplace and the list of victims grows longer and longer by the day. On…

of asset misappropriation that peaked my interest are Ponzi schemes, a kind of pyramid scheme involving fraudulent investment ventures. The recession in 2008 serves as an illustration for the omnipresent nature of the scheme: a lengthy list of Ponzi schemes bears examples of the fraudulent manipulation of unknowing investors both before and after the global economic downturn. In this chapter we will deal specifically with Ponzi schemes, an archetype of asset misappropriation, linking it with…

to the fact that they were a more “advanced” civilization technologically on par with the Zatopec. The Totalrec had both their stolen goods (which must have included iron tools, as it would most likely be near impossible to create their elaborate pyramids otherwise) and a social organization structured enough to include rulers or kings, as evidenced by the names recorded in the Zatopec…

individual tends to think of pyramids, their mind usually wanders off the the great pyramids of Giza, or just the Egyptians in general. What many are not aware of though, is that in there are pyramids of various shapes and sizes in many different parts are the world, with some of them being found in unexpected locations. In 2008, a set of three “pyramids” were found in Visoko, Bosnia. Bosnia is located in Eastern Europe near Croatia and Serbia, and the discovery of these pyramids was quite…

the body. In the early years of the pyramid they were square shaped called Mastabas. Which were the precursor for pyramids. The oldest known pyramid was built in 2630 B.C. at saqqara. The smooth edges of the pyramid was to help reflect the soul of the dead pharaoh. The king was buried with everything they would need for the after life like all of there possessions and lots of gold. Pyramids original architect was Imhoteo. The first smooth pyramid is the red pyramid they called it that because…