You Can't Cheat an Honest Man: How Ponzi Schemes and Pyramid Frauds Work and why They're More Common Than EverSilver Lake Publishing, 1998 - 354 páginas This book takes an investigative look at the reasons why Ponzi schemes and pyramid frauds are thriving today. It closely examines why over 100,000 Americans are suckered into the schemes every year. Using dozens of memorable case studies, from Charles Ponzi's original scam in the 1920s to the elaborate New Era philanthropy fraud of the 1990s, the book scrutinizes the mechanics behind these deceptive plots. It considers the underlying factors, financial and psychological, that pump life into the scams. It also takes a close look at regulatory rules and other legal issues. Most importantly, it describes the modern variations that perpetrators and swindlers use to sell their schemes. Tips are offered to detect schemes and respond when they occur. The book aims to educate consumers and make them aware of how financial scams work.--From publisher description. |
Dentro del libro
Resultados 1-5 de 28
Página 5
... sentenced to four years in Massachusetts ' Plymouth Prison . The Supreme Court Offers Its Opinion A number of lawsuits followed the collapse of Ponzi's scheme . The most important of these was the civil suit Cunningham v . Brown et al ...
... sentenced to four years in Massachusetts ' Plymouth Prison . The Supreme Court Offers Its Opinion A number of lawsuits followed the collapse of Ponzi's scheme . The most important of these was the civil suit Cunningham v . Brown et al ...
Página 12
... sentenced to 30 months in jail — the maximum time allowed under federal sentencing guidelines . Ponzi Perps are a Distinct Type How was Brackett able , single - handedly , to keep her fraud going on for more than five years ? As we'll ...
... sentenced to 30 months in jail — the maximum time allowed under federal sentencing guidelines . Ponzi Perps are a Distinct Type How was Brackett able , single - handedly , to keep her fraud going on for more than five years ? As we'll ...
Página 13
... sentenced to eight years in state prison and ordered to pay restitution of $ 3.8 million to his investors . State law enforcement officials seized a little less than $ 1 million in various assets under Fry's control . They doubted there ...
... sentenced to eight years in state prison and ordered to pay restitution of $ 3.8 million to his investors . State law enforcement officials seized a little less than $ 1 million in various assets under Fry's control . They doubted there ...
Página 28
... sentenced to three consecutive five - year prison terms . Melhorn received three consecu- tive four - year prison terms . In April 1994 , a federal appeals court considered Elliott's last gasp at arguing his innocence . Elliott claimed ...
... sentenced to three consecutive five - year prison terms . Melhorn received three consecu- tive four - year prison terms . In April 1994 , a federal appeals court considered Elliott's last gasp at arguing his innocence . Elliott claimed ...
Página 38
... sentenced to 108 months in jail . Using terms like " incredible greed , " and accus- ing them of destroying people's ... sentencing guidelines , which would call for a prison term ranging from 30 to 46 months for each man . A federal ...
... sentenced to 108 months in jail . Using terms like " incredible greed , " and accus- ing them of destroying people's ... sentencing guidelines , which would call for a prison term ranging from 30 to 46 months for each man . A federal ...
Contenido
1 | |
19 | |
29 | |
39 | |
49 | |
61 | |
Surething Investments and Sweetheart Loans | 71 |
Precious Metals Currency and Commodities | 87 |
Loneliness Fear and Desperation | 167 |
Contemporary Variations Chapter 14 Multilevel Marketing | 183 |
Faith Religion and New Age Gurus | 203 |
Charities and NotforProfit Organizations | 217 |
www ponzischeme com | 231 |
What to Do if Youve Been Scammed Chapter 18 Make Friends with the Regulators | 243 |
Go After the People Who Got Money Out | 257 |
Go After the Lawyers and Accountants | 273 |
Affinity Scams | 101 |
Why the Schemes Work Chapter 9 Trust | 117 |
Greed | 131 |
Family Ties | 149 |
Secrecy and Privacy | 155 |
Go After Banks and Financiers | 287 |
Fight Like Hell in Bankruptcy Court | 305 |
Conclusion The Mother of All Ponzi Schemes | 319 |
Index | 322 |
Términos y frases comunes
accounts agents alleged Amway argued assets attorney bank bankruptcy Bennett bogus bond burned investors California cash charges checks Church claimed clients commissions commodities company’s coupons creditors criminal deal defraud distributors dollars Donahue Douglas early Elliott federal court Feds fees filed Foos fraud fraudulent conveyance fraudulent transfer funds greedy Home-Stake impostor syndrome income Internet inves investigation investment involved Lampert Landbank lawsuit lawyer legitimate limited partnerships loans mail fraud marketing Matewan ment million months mortgage multi-level marketing Nu-Concepts offered operation paid participants payments percent person pitch Ponzi investors Ponzi perps Ponzi scheme prison profits promised purchase pyramid scheme Rasheed real estate received recruit says scam scheme collapsed selling sentenced Social Security sold started tax shelters Taylor things tion tors trading Trudeau trust U.S. Attorney usually Weyerhaeuser who'd
Pasajes populares
Página 245 - ... (1) to employ any device, scheme, or artifice to defraud, (2) to make any untrue statement of a material fact or to omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading...
Página 245 - ... did not know, and in the exercise of reasonable care could not have known, of such untruth or omission...
Página 245 - ... by means of a prospectus or oral communication, which includes an untrue statement of a material fact or omits to state a material fact necessary in order to make the statements, in the light of the circumstances under which they were made, not misleading...
Página 72 - Investment adviser" means any person who, for compensation, engages in the business of advising others, either directly or through publications or writings, as to the value of securities or as to the advisability of investing in, purchasing, or selling securities, or who, for compensation and as part of a regular business, issues or promulgates analyses or reports concerning securities...
Página 245 - .'It shall be unlawful for any person, by the use of the mails or by any means or instrumentality of interstate commerce or of any facility of any national securities exchange or...
Página 24 - ... whether the efforts made by those other than the investor are the undeniably significant ones, those essential managerial efforts which affect the failure or success of the enterprise.
Página 315 - ... (ii) was engaged in business or a transaction, or was about to engage in business or a transaction, for which any property remaining with the debtor was an unreasonably small capital; or (iii) intended to incur, or believed that the debtor would incur, debts that would be beyond the debtor's ability to pay as such debts matured.
Página 292 - Has such knowledge and experience in financial and business matters that he is capable of evaluating, alone, or together with other purchaser representatives of the purchaser, or together with the purchaser, the merits and risks of the prospective investment...
Página 6 - ... They were all of one class, actuated by the same purpose to save themselves from the effect of Ponzi's insolvency. Whether they sought to rescind, or sought to get their money as by the terms of the contract, they were, in their inability to identify their payments, creditors, and nothing more. It is a case the circumstances of which call strongly for the principle that equality is equity, and this is the spirit of the bankrupt law.
Página 315 - ... received less than a reasonably equivalent value in exchange for such transfer or obligation; and (B)(i) was insolvent on the date that such transfer was made or such obligation was incurred, or became insolvent as a result of such transfer or obligation...