I would like to discuss the Post with some basic concepts based on the research about the "Classic affinity scam" or "Ponzi Scheme" also called as "Madoff Investment Scandal".This Scam was estimated worth of $64.8 Billion which resulted in collapse of Investments in the global community and effected from the prominent celebrities to the veteran pensioners. Bernard Madoff the founder of Bernard.L.Madoff Investment securities LLC in the early 1960’s was it chairman and also had some prominent positions
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profit earned from the organization but instead from recycled money already paid by other investors‚ is called a Ponzi scheme. In many Ponzi schemes‚ the swindlers focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses‚ instead of engaging in any legitimate investment activity. There are countless examples of ponzi schemes dating back to as early as the 1920’s and all of them are the result of greed and the desire for immeasurable success
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The Bernard Madoff “Ponzi Scheme” scandal was the biggest and lasted the longest financial fraud in the history of the US. Bernard Madoff was a financial adviser‚ and also the former chairman of the NADAQ. He established his investment firm named “Bernard L. Madoff Investment Securities LLC” in 1960. The Madoff Fraud is a typical “Ponzi Scheme”‚ in order to attract investors to give money to him‚ he convinced people to hand over their life saving‚ and promised them high returns rate‚ and then he
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more than 130 ancient pyramids in Egypt‚ but the three pyramids at Giza dwarf the rest in comparison. Historians and archaeologists have been deeply fascinated by these structures for centuries. Many theories have been proposed in regards to who the people to construct these towering monuments were. A popular theory stemming from the Bible is that Israeli slaves‚ kept in harsh conditions by the pharaoh’s men‚ were forced to haul the giant stones used to construct the pyramids. The scale of the construction
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Giza‚ where the sphinx is majestically perched and three great pyramids adorn the horizon‚ is well known through the realm of Egyptian history and in people’s mind in a general sense. When students and researchers are shown one picture of these great monuments‚ it sparks a response saying “Hey‚ that’s Egypt!”. However‚ there is more to Giza than the sphinx and the pyramids. People lived there and built the entire thing. They are normally the forgotten ones. Fortunately‚ there are two men named Mark
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The Pyramids At Giza Name: Annette Dixon Course: Humanities – 111 Instructor: Professor J. Waters Date: October 29‚ 2012 The Great Pyramid of Giza The pyramids of Ancient Egypt are as fascinating and intriguing‚ as they are breathtaking. Egyptologists and historians have long debated the question of who built the pyramids‚ and for what reason. There are many different and often conflicting theories in regard to the construction of the Great Pyramid of Giza.
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can look past the consumerism that’s saturated the season‚ then the holidays can really be a great time. Sydney In Sydney‚ the largest‚ oldest‚ and most beautiful of Australia’s cities‚ the monumental doesn’t figure prominently. There are no great pyramids‚ no historic ruins‚ no monuments or buildings that warrant a tedious day of touring‚ except perhaps its Opera House and Harbor Bridge. But those two landmarks aside‚ it’s Sydney’s colorful neighborhoods and their inhabitants that will give you the
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article addresses some of the common misconceptions that are often associated with multilevel marketing companies. Lastly the article provides a method and a process in which to recognize and identify a legitimate opportunity from an illegal pyramid scheme. Introduction While it is considered to be a form of Direct Selling it is often referred to by many different names: multilevel marketing (MLM)‚ network marketing (NM)‚ and network marketing direct selling organization (NMDS). It is commonly
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INTRODUCTION TO PYRAMIDS Kings of the Dead | Tombs Fit for Kings | Who Built the Pyramids? During Egypt’s Old Kingdom (time line)‚ the pharaohs established a stable central government in the fertile Nile Valley. Perhaps the greatest testaments to their power were the pyramids and other tombs built to shelter them in the afterlife. Kings of the Dead Ancient Egyptians believed that when the pharaoh died‚ he became Osiris‚ king of the dead. The new pharaoh became Horus‚ god of the heavens and protector
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Pyramids at Giza Assignment 1 Jaimie Bennett Professor Greg Moore Hum 111 Oct. 31‚ 2012 There have been many theories regarding how the pyramids at Giza were constructed. Most experts agree that they were constructed as burial monument for pharaohs‚ but “how” these ancient people constructed monuments of such great size without modern machinery is a mystery which is still being debated. The fact that the Egyptians were able to construct a structure shaped like a pyramid‚ perfectly symmetrical
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