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A Ponzi scheme ( / ˈpɒnzi /, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. [1] Named after Italian businessman Charles Ponzi, this type of scheme misleads investors by either falsely suggesting that profits are derived from legitimate business ...
The owner of a Lexington laboratory has admitted defrauding taxpayer-funded insurance programs and hiding his business ownership to avoid more than $3.5 million in federal income taxes. Ronald ...
The Jessica Mydek hoax was a popular chain letter, circulated by hoaxsters, to play on the sympathy of credulous readers, and get them to respond, so as to build a sucker list. The letter was first observed in 1997. The hoax. The letter represented itself as a letter from a seven-year-old girl with terminal brain cancer.
Cassie L. Chadwick (10 October 1857 – 10 October 1907) was the most well-known pseudonym used by Canadian con artist Elizabeth Bigley, who defrauded several American banks out of millions of dollars during the late 1800s and early 1900s by claiming to be an illegitimate daughter and heiress of the Scottish-American industrialist Andrew Carnegie.
Extrinsic fraud is distinguished from intrinsic fraud, which is the fraud that is the subject of a lawsuit. [2] Extrinsic fraud often involves fraud on the court, but may arise in other contexts. Extrinsic fraud does not mean merely lying or perjury, nor misrepresentations, nor intrinsic fraud, nor "to matters that could have been raised during ...
TH Lee Putnam Ventures is a technology-focused private equity firm affiliated with THL and Putnam Investments, a leading global money management firm. TH Lee Putnam Ventures manages $1.1 billion in capital commitments and has invested approximately $850 million in more than 43 companies since the firm's formation in 1999.
This is an archived version of Wikipedia's Current events Portal from October 2003. October 1, 2003 (Wednesday) edit. history. watch. South Korean President Roh Moo Hyun reiterates offer to the United States to consider a request for South Korean participation in Multi-National Force – Iraq in exchange for "positive" movement to resolve the ...
Charles Edgar Haldeman, Jr. (born October 29, 1948) was the chief executive officer of the Federal Home Loan Mortgage Corporation, known as Freddie Mac, a publicly traded company that is the second largest source of mortgage financing in the United States. On October 26, 2011, it was announced that Haldeman would retire, but he agreed to stay ...