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Get Rich Quick
A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. The term "get rich quick" has been used to describe shady investments since at least the early 20th century. Most schemes create an impression that participants can obtain this high rate of return with little risk, and with little skill, effort, or time. Get-rich-quick schemes often assert that wealth can be obtained by working at home. Legal and quasi-legal get-rich-quick schemes are frequently advertised on infomercials and in magazines and newspapers. Illegal schemes or scams are often advertised through spam or cold calling. Some forms of advertising for these schemes market books or compact discs about getting rich quick rather than asking participants to invest directly in a concrete scheme. Online schemes Get-rich-quick schemes that operate entirely on the Internet usually promote "secret formulas" to affiliate marketing and affiliate advertising. The scheme will usually claim that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Return (finance)
In finance, return is a profit on an investment. It comprises any change in value of the investment, and/or cash flows (or securities, or other investments) which the investor receives from that investment, such as interest payments, coupons, cash dividends, stock dividends or the payoff from a derivative or structured product. It may be measured either in absolute terms (e.g., dollars) or as a percentage of the amount invested. The latter is also called the holding period return. A loss instead of a profit is described as a '' negative return'', assuming the amount invested is greater than zero. To compare returns over time periods of different lengths on an equal basis, it is useful to convert each return into a return over a period of time of a standard length. The result of the conversion is called the rate of return. Typically, the period of time is a year, in which case the rate of return is also called the annualized return, and the conversion process, described below, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-fungible Token
A non-fungible token (NFT) is a unique digital identifier that cannot be copied, substituted, or subdivided, that is recorded in a blockchain, and that is used to certify authenticity and ownership. The ownership of an NFT is recorded in the blockchain and can be transferred by the owner, allowing NFTs to be sold and traded. NFTs can be created by anybody, and require few or no coding skills to create. NFTs typically contain references to digital files such as photos, videos, and audio. Because NFTs are uniquely identifiable assets, they differ from cryptocurrencies, which are fungible. Proponents of NFTs claim that NFTs provide a public certificate of authenticity or proof of ownership, but the legal rights conveyed by an NFT can be uncertain. The ownership of an NFT as defined by the blockchain has no inherent legal meaning and does not necessarily grant copyright, intellectual property rights, or other legal rights over its associated digital file. An NFT does not restr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Confidence Tricks
A confidence trick is an attempt to defraud a person or group after first gaining their trust. Confidence tricks exploit victims using their credulity, naïveté, compassion, vanity, confidence, irresponsibility, and greed. Researchers have defined confidence tricks as "a distinctive species of fraudulent conduct ..intending to further voluntary exchanges that are not mutually beneficial", as they "benefit con operators ('con men') at the expense of their victims (the ' marks')". Terminology Synonyms include con, confidence game, confidence scheme, ripoff, scam, and stratagem. The perpetrator of a confidence trick (or "con trick") is often referred to as a confidence (or "con") man, con-artist, or a " grifter". The shell game dates back at least to Ancient Greece. Samuel Thompson (1821–1856) was the original "confidence man". Thompson was a clumsy swindler who asked his victims to express confidence in him by giving him money or their watch rather than gaining their co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Math On Trial
''Math on Trial: How Numbers Get Used and Abused in the Courtroom'' is a book on mathematical and statistical reasoning in legal argumentation, for a popular audience. It was written by American mathematician Leila Schneps and her daughter, French mathematics educator Coralie Colmez, and published in 2013 by Basic Books. Topics ''Math on Trial'' consists of ten chapters, each outlining a particular mathematical fallacy, presenting a case study of a trial in which it arose, and then detailing the effects of the fallacy on the case outcome The cases range over a wide range of years and locations, and are roughly ordered by the sophistication of the reasoning needed to resolve them. Their descriptions are based on case records, contemporary newspaper accounts, later scholarship, and in some cases interviews with the principals. In particular: * Chapter 1 involves the incorrect assumption that related events have independent probabilities of occurring, a recurring them in several ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Coralie Colmez
Coralie Colmez is a French author and tutor in mathematics and mathematics education. Early life and career Coralie Colmez is the daughter of mathematicians Pierre Colmez and Leila Schneps. Colmez was raised in Paris, France. After completing her secondary education in Paris, Colmez moved to the United Kingdom and attended Gonville and Caius College of the University of Cambridge under a Cambridge European Trust scholarship, completing a first-class Bachelor of Arts in Mathematics and winning the Ryan Prize in Higher Mathematics. Professional Colmez worked for one year as a research assistant on Carol Vorderman's task force, commissioned by the UK government to study the state of mathematics education in the United Kingdom, and assisted with the presentation of the findings to the Joint Mathematics Council. She is now a co-director o''unifrog'' an organization that helps students discover future career pathways, apprenticeships and university courses, and teachers track t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leila Schneps
Leila Schneps is an American mathematician and fiction writer at the Centre national de la recherche scientifique working in number theory. Schneps has written general audience math books and, under the pen name Catherine Shaw, has written mathematically themed murder mysteries. Education Schneps earned a B.A. in Mathematics, German Language and Literature from Radcliffe College in 1983. She completed a Doctorat de Troisième Cycle in Mathematics at Université Paris-Sud XI-Orsay in 1985 under the supervision of John H. Coates with a thesis on ''p''-adic L-functions attached to elliptic curves, a Ph.D. in Mathematics in 1990 with a thesis on ''p''-Adic L-functions and Galois groups, and Habilitation at Université de Franche-Comté in 1993, with a thesis on the Inverse Galois problem. Professional experience Schneps held various teaching assistant positions in France and Germany until the completion of her Ph.D. in 1990, then worked as a postdoctoral assistant at the ETH ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Secret (Byrne Book)
''The Secret'' is a 2006 self-help book by Rhonda Byrne, based on the earlier film of the same name. It is based on the belief of the pseudoscientific law of attraction, which claims that thoughts can change a person's life directly. The book alleges energy as assurance of its effectiveness. The book has sold 30 million copies worldwide and has been translated into 50 languages. Scientific claims made in the book have been rejected by a range of critics, pointing out that the book has no scientific foundation. Background ''The Secret'' was released as a film in March 2006, and later the same year as a book. The book is influenced by Wallace Wattles' 1910 book, '' The Science of Getting Rich'', which Byrne received from her daughter during a time of personal trauma, in 2004. ''New York Times'' bestselling authors of ''The Passion Test'', Janet Bray Attwood and Chris Attwood, are not featured in the film or the book, but arranged 36 of the 52 interviews for the film, many of wh ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Land Banking
Land banking is the practice of aggregating parcels of land for future sale or development. While in many countries ''land banking'' may refer to various private real estate investment schemes, in the United States it refers to the establishment of quasi-governmental county or municipal authorities purposed with managing an inventory of surplus land. Municipal land banks in the United States Definition Land banks are quasi-governmental entities created by counties or municipalities to effectively manage and repurpose an inventory of underused, abandoned, or foreclosed property. They are often chartered to have powers that enable them to accomplish these goals in ways that existing government agencies can not. While the land bank "model" has gained broad support and has been implemented in a number of cities, they are implemented differently so as to best address both municipal needs and the state and local legal context in which they were created. History Land banking origi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
There Ain't No Such Thing As A Free Lunch
"There ain't no such thing as a free lunch" (alternatively, "There is no such thing as a free lunch" or other variants) is a popular adage communicating the idea that it is impossible to get something for nothing. The acronyms TANSTAAFL, TINSTAAFL, and TNSTAAFL are also used. The phrase was in use by the 1930s, but its first appearance is unknown. The "free lunch" in the saying refers to the formerly common practice in American bars of offering a "free lunch" in order to entice drinking customers. The phrase and the acronym are central to Robert A. Heinlein's 1966 science-fiction novel ''The Moon Is a Harsh Mistress'', which helped popularize it. The free-market economist Milton Friedman also increased its exposure and useSafire, William, ''The New York Times'', 2-14-199"On Language; Words Left Out in the Cold" /ref> by paraphrasing it as the title of a 1975 book,Friedman, Milton, ''There's No Such Thing as a Free Lunch'', Open Court Publishing Company, 1975. . and it is used in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HYIP
A high-yield investment program (HYIP) is a type of Ponzi scheme, an investment scam that promises unsustainably high return on investment by paying previous investors with the money invested by new investors. Mechanics Operators generally set up a website offering an "investment program" which promises very high returns, such as 1% per day (3678% APY when returns are compounded every day), disclosing little or no detail about the underlying management, location, or other aspects of how money is to be invested. The U.S. Securities and Exchange Commission (SEC) has said that "these fraudulent schemes involve the purported issuance, trading, or use of so-called 'prime' bank, 'prime' European bank or 'prime' world bank financial instruments, or other 'high yield investment programs.' (HYIP's) The fraud artists … seek to mislead investors by suggesting that well regarded and financially sound institutions participate in these bogus programs." In 2010, the Financial Industry ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ripoff
A ripoff (or rip-off) is an unfavorable financial transaction. Usually it refers to an incident in which a person is overcharged for something, or receives goods or services not of the standard expected for the price. A ripoff is usually distinguished from a scam in that a scam involves wrongdoing such as a fraud; a ripoff may be considered excessive, but not illegal. See also *Rip-off Britain *Spin-off *Knock-off *Plagiarism *Mockbuster A mockbuster (also known as knockbuster or a drafting opportunity) is a film created to exploit the publicity of another major motion picture with a similar title or subject. Mockbusters are often made with a low budget and quick production to max ... References {{Reflist Pricing controversies ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Envelope Stuffing
A work-at-home scheme is a get-rich-quick scam in which a victim is lured by an offer to be employed at home, very often doing some simple task in a minimal amount of time with a large amount of income that far exceeds the market rate for the type of work. The true purpose of such an offer is for the perpetrator to extort money from the victim, either by charging a fee to join the scheme, or requiring the victim to invest in products whose resale value is misrepresented. Overview Remote work schemes have been recorded since the early 20th century; the earliest studied "envelope stuffing" scam originated in the United States during the Great Depression in the 1920s and 1930s. In this scam, the worker is offered entry to a scheme where they can earn $2 for every envelope they fill. After paying a small $2 fee to join the scheme, the victim is sent a flyer template for the self-same work-from-home scheme, and instructed to post these advertisements around their local area ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
