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Ponzi
Charles Ponzi (; ; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italian charlatan and con artist who operated in the United States and Canada. His aliases included ''Charles Ponci'', ''Carlo'', Benny Broncko and ''Charles P. Bianchi''. Born in Lugo, Italy, he became known in the early 1920s as a swindler in North America for his money-making scheme. He promised clients a 50% profit within 45 days or 100% profit within 90 days, by buying discounted postal reply coupons in other countries and redeeming them at face value in the U.S. as a form of arbitrage. In reality, Ponzi was paying earlier investors using the investments of later investors. While this type of fraudulent investment scheme was not invented by Ponzi, it became so identified with him that it now is referred to as a "Ponzi scheme". His scheme ran for over a year before it collapsed, costing his "investors" $20 million. Ponzi may have been inspired by the scheme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ponzi Scheme
A Ponzi scheme (, ) is a form of fraud that lures investors and pays Profit (accounting), profits to earlier investors with Funding, funds from more recent investors. Named after Italians, Italian confidence artist Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business activities (whereas the business activities are non-existent), or by exaggerating the extent and profitability of the legitimate business activities, leveraging new investments to fabricate or supplement these profits. A Ponzi scheme can maintain the illusion of a sustainable business as long as investors continue to contribute new funds, and as long as most of the investors do not demand full repayment or lose faith in the non-existent assets they are purported to own. Some of the first recorded incidents to meet the modern definition of the Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in German Empire, Germany and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mail And Wire Fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical (e.g., the U.S. Postal Service) or electronic (e.g., a phone, a telegram, a fax, or the Internet) mail system to defraud another, and are U.S. federal crimes. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders. Mail fraud Mail fraud was first defined in the United States in 1872. provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Reply Coupon
An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter sent to another Universal Postal Union (UPU) member country. IRCs are accepted by all UPU member countries. UPU member postal services are obliged to exchange an IRC for postage, but are not obliged to sell them. The purpose of the IRC is to allow a person to send someone in another country a letter, along with the cost of postage for a reply. If the addressee is within the same country, there is no need for an IRC because a self-addressed stamped envelope (SASE) or return postcard will suffice; but if the addressee is in another country an IRC removes the necessity of acquiring foreign Mail, postage or sending appropriate currency. Description International reply coupons (in French, ''Coupons-Réponse Internationaux'') are printed in blue ink on paper that has the letters "UPU" in large characters i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlatan
A charlatan (also called a swindler or mountebank) is a person practicing quackery or a similar confidence trick in order to obtain money, power, fame, or other advantages through pretense or deception. One example of a charlatan appears in the ''Canterbury Tales'' story " The Pardoner's Tale," with the Pardoner who tricks sinners into buying fake religious relics. Synonyms for ''charlatan'' include '' shyster'', ''quack'', or ''faker''. ''Quack'' is a reference to ''quackery'' or the practice of dubious medicine, including the sale of snake oil, or a person who does not have medical training who purports to provide medical services. Etymology The English word comes from French '','' a seller of medicines who might advertise his presence with music and an outdoor stage show. The best known of the Parisian charlatans was Tabarin, whose skits and farces – which were influenced by ''commedia dell'arte'' – inspired the 17th century playwright Molière. The word is also simil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sapienza University Of Rome
The Sapienza University of Rome (), formally the Università degli Studi di Roma "La Sapienza", abbreviated simply as Sapienza ('Wisdom'), is a Public university, public research university located in Rome, Italy. It was founded in 1303 and is as such one of the world's oldest universities, and with 122,000 students, it is the List of largest universities by enrollment, largest university in Europe. Due to its size, funding, and numerous laboratories and libraries, Sapienza is a global major education and research centre. The university is located mainly in the ''Città Universitaria'' (University city), which covers near the monumental cemetery Campo Verano, with different campuses, libraries and laboratories in various locations in Rome. For the 14th year in a row it is ranked 1st university in Italy and in Southern Europe according tCWUR Sapienza was founded on 20 April 1303 by decree from Pope Boniface VIII as a ''Studium'' for ecclesiastical studies under more control than ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lugo, Emilia-Romagna
Lugo () is a town and ''comune'' in the northern Italian region of Emilia-Romagna, in the province of Ravenna. History A settlement in where the city is now is mentioned for the first time in 782 AD, but the names Lucus appears only in 1071. In 1161 it was a fief of the Counts of Cunio, but in 1202 it returned to the Papal States. It was later a possession of the da Polenta, Pepoli, Visconti and Este; the latter maintained it until 1597, when the city was again annexed to the Papal States. In 1424 the Castle of Zagonara (now destroyed) was the seat of the homonymous battle, in which a Milanese army defeated the Florentines. When in 1797 the French revolutionary forces invaded northern Italy, Barnaba Chiaramonti (later pope as Pius VII), then still Bishop of Imola, addressed his flock to refrain from useless resistance to the overwhelming and threatening forces of the enemy. The town of Lugo refused to submit to the invaders and was delivered up to a pillage which had an end ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boston
Boston is the capital and most populous city in the Commonwealth (U.S. state), Commonwealth of Massachusetts in the United States. The city serves as the cultural and Financial centre, financial center of New England, a region of the Northeastern United States. It has an area of and a population of 675,647 as of the 2020 United States census, 2020 census, making it the third-largest city in the Northeastern United States after New York City and Philadelphia. The larger Greater Boston metropolitan statistical area has a population of 4.9 million as of 2023, making it the largest metropolitan area in New England and the Metropolitan statistical area, eleventh-largest in the United States. Boston was founded on Shawmut Peninsula in 1630 by English Puritans, Puritan settlers, who named the city after the market town of Boston, Lincolnshire in England. During the American Revolution and American Revolutionary War, Revolutionary War, Boston was home to several seminal events, incl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Don (honorific)
The terms Don (in Spanish language, Spanish and Italian language, Italian), Dom (in Portuguese language, Portuguese), and Domn (in Romanian language, Romanian), are honorific prefixes derived from the Latin language, Latin ''Dominus'', meaning "lord" or "owner". The honorific is commonly used in Spain, Portugal, and Italy, as well as in the Spanish-speaking world and Portuguese-speaking world, as well as some other places formerly colonized by Spain or Portugal. The feminine equivalents are (), (), (Romanian) and (). The term is derived from the Latin : a master of a household, a title with background from the Roman Republic in classical antiquity. With the abbreviated form having emerged as such in the Middle Ages, traditionally it is reserved for Catholic clergy and nobles, in addition to certain educational authorities and persons of high distinction. Spanish-speaking world In Spanish, although originally a title reserved for royalty, select nobles, and church hierarch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gambling
Gambling (also known as betting or gaming) is the wagering of something of Value (economics), value ("the stakes") on a Event (probability theory), random event with the intent of winning something else of value, where instances of strategy (game theory), strategy are discounted. Gambling thus requires three elements to be present: consideration (an amount wagered), risk (chance), and a prize. The outcome of the wager is often immediate, such as a single roll of dice, a spin of a roulette wheel, or a horse crossing the finish line, but longer time frames are also common, allowing wagers on the outcome of a future sports contest or even an entire sports season. The term "gaming" in this context typically refers to instances in which the activity has been specifically permitted by law. The two words are not mutually exclusive; ''i.e.'', a "gaming" company offers (legal) "gambling" activities to the public and may be regulated by one of many gaming control boards, for example, the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parma
Parma (; ) is a city in the northern Italian region of Emilia-Romagna known for its architecture, Giuseppe Verdi, music, art, prosciutto (ham), Parmesan, cheese and surrounding countryside. With a population of 198,986 inhabitants as of 2025, Parma is the second most populous city in Emilia-Romagna after Bologna, the region's capital. The city is home to the University of Parma, one of the oldest universities in the world. Parma is divided into two parts by the Parma (river), stream of the same name. The district on the west side of the river is ''Oltretorrente'', meaning ''The other side of the stream''. Parma's Etruscan name was adapted by Romans to describe the round shield called ''Parma (shield), Parma''. History Prehistory Parma was already a built-up area in the Bronze Age. In the current position of the city rose a Terramare culture, terramare. The "terramare" (marl earth) were ancient villages built of wood on piles according to a defined scheme and squared form; c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of the longest-running newspapers in the United States, the ''Times'' serves as one of the country's Newspaper of record, newspapers of record. , ''The New York Times'' had 9.13 million total and 8.83 million online subscribers, both by significant margins the List of newspapers in the United States, highest numbers for any newspaper in the United States; the total also included 296,330 print subscribers, making the ''Times'' the second-largest newspaper by print circulation in the United States, following ''The Wall Street Journal'', also based in New York City. ''The New York Times'' is published by the New York Times Company; since 1896, the company has been chaired by the Ochs-Sulzberger family, whose current chairman and the paper's publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
East Coast Of The United States
The East Coast of the United States, also known as the Eastern Seaboard, the Atlantic Coast, and the Atlantic Seaboard, is the region encompassing the coast, coastline where the Eastern United States meets the Atlantic Ocean; it has always played a major socioeconomic role in the development of the United States. The region is generally understood to include the U.S. states that border the Atlantic Ocean: Connecticut, Delaware, Florida, Georgia (U.S. state), Georgia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York (state), New York, North Carolina, Rhode Island, South Carolina, and Virginia, as well as some landlocked territories (Pennsylvania, Vermont, West Virginia and Washington, D.C.). Toponymy and composition The Toponymy, toponym derives from the concept that the contiguous 48 states are defined by two major coastlines, one at the West Coast of the United States, western edge and one on the eastern edge. Other terms for referring to this area include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
