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Charles Ponzi
Charles Ponzi (; ; born Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi; March 3, 1882 – January 18, 1949) was an Italians, Italian charlatan and Scam, con artist who operated in the United States and Canada. His Pseudonym, aliases included ''Charles Ponci'', ''Carlo'', Benny Broncko and ''Charles P. Bianchi''. Born in Lugo, Emilia-Romagna, 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 International reply coupon, 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 ...
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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 ...
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North America
North America is a continent in the Northern Hemisphere, Northern and Western Hemisphere, Western hemispheres. North America is bordered to the north by the Arctic Ocean, to the east by the Atlantic Ocean, to the southeast by South America and the Caribbean Sea, and to the south and west by the Pacific Ocean. The region includes Middle America (Americas), Middle America (comprising the Caribbean, Central America, and Mexico) and Northern America. North America covers an area of about , representing approximately 16.5% of Earth's land area and 4.8% of its total surface area. It is the third-largest continent by size after Asia and Africa, and the list of continents and continental subregions by population, fourth-largest continent by population after Asia, Africa, and Europe. , North America's population was estimated as over 592 million people in list of sovereign states and dependent territories in North America, 23 independent states, or about 7.5% of the world's popula ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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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 ...
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Emilia-Romagna
Emilia-Romagna (, , both , ; or ; ) is an Regions of Italy, administrative region of northern Italy, comprising the historical regions of Emilia (region), Emilia and Romagna. Its capital is Bologna. It has an area of , and a population of 4.4 million. Emilia-Romagna is one of the wealthiest and most developed regions in Europe, with the third highest gross domestic product per capita in Italy. It is also a cultural center, being the home of the University of Bologna, the oldest university in the world. Some of its cities, such as Modena, Parma, Ferrara, and Ravenna, are UNESCO heritage sites. It is a center for food and automobile production (such as Ferrari, Lamborghini, and Maserati). It has coastal resorts such as Cervia, Cesenatico, and Rimini. In 2018, the Lonely Planet guide named Emilia-Romagna as the best place to see in Europe. Etymology The name ''Emilia-Romagna'' is a legacy of Ancient Rome. ''Emilia'' derives from the ''via Aemilia'', the Roman road connecting Pia ...
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Smithsonian (magazine)
''Smithsonian'' is a magazine covering science, history, art, popular culture and innovation. The first issue was published in 1970. History The history of ''Smithsonian'' began when Edward K. Thompson, the retired editor of ''Life'' magazine, was asked by then-Secretary of the Smithsonian, S. Dillon Ripley, to produce a magazine "about things in which the Smithsonian nstitutionis interested, might be interested or ought to be interested." Thompson later recalled that his philosophy for the new magazine was that it "would stir curiosity in already receptive minds. It would deal with history as it is relevant to the present. It would present art, since true art is never dated, in the richest possible reproduction. It would peer into the future via coverage of social progress and of science and technology. Technical matters would be digested and made intelligible by skilled writers who would stimulate readers to reach upward while not turning them off with jargon. We would fin ...
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Bookkeeping
Bookkeeping is the recording of financial transactions, and is part of the process of accounting in business and other organizations. It involves preparing source documents for all transactions, operations, and other events of a business. Transactions include purchases, sales, receipts and payments by an individual person, organization or corporation. There are several standard methods of bookkeeping, including the single-entry bookkeeping system, single-entry and double-entry bookkeeping system, double-entry bookkeeping systems. While these may be viewed as "real" bookkeeping, any process for recording financial transactions is a bookkeeping process. The person in an organisation who is employed to perform bookkeeping functions is usually called the bookkeeper (or book-keeper). They usually write the ''#Daybooks, daybooks'' (which contain records of sales, purchases, receipts, and payments), and document each financial transaction, whether cash or credit, into the correct d ...
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