Billion Ponzi Scheme Named after con man Charles Ponzi‚ a Ponzi scheme is a fraud of investment‚ which appeals to investors due to the promise of high returns with little to no risk. Investors believe they are receiving profits however they are merely receiving principal of new investors. In order to be successful‚ the old investors must not withdraw large sums of money at a given time‚ and there must constantly be an inflow of money from new investors contributing to the scheme. Top broker
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Module Two: Ponzi Scheme Case Study Module two focuses on some of the theoretical approaches that criminologists use to help explain financial crimes occur (as well as crime in general). The module also focuses on Ponzi schemes. Your Task: Hypothetically‚ the bank of Canada has approached you to write a case study focusing on the crimes of Earl Jones that they can distribute to their financial advisors in order to inform them about Ponzi schemes. Your case study should address the following
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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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Bernie Madoff’s $50 Billion Ponzi Scheme Who is Bernie Madoff The Madoff investment scandal is the Ponzi scheme that former NASDAQ chairman Bernard Madoff confessed to in 2008. On March 12‚ 2009‚ Madoff pled guilty to 11 federal crimes and admitted to operating what has been called the largest investor fraud ever committed by an individual. On June 29‚ 2009‚ he was sentenced to 150 years in prison with restitution of $170 billion. According to the original federal charges‚ Madoff said that his
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Midday meal scheme is a multi-faceted programmeof the Government of India that‚ among other things‚ seeks to address issues of food security‚ lack of nutrition and access to education on a pan nation scale .[1]It involves provision for free lunch on working days for children in Primary and Upper Primary Classes in Government ‚ Govt. Aided‚ Local Body‚ Education Guarantee Scheme (EGS) and Alternate Innovative Education (AIE) Centres‚ Madarsa and Maqtabs supported under Sarva Shiksha Abhiyan and National
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Nicole Alexandria Hazelett English 1310 A. Fortkamp October 7‚ 2013 Guinness Beer Commercial When you cork off the top of a Guinness beer you inhale the smell of unroasted malted Marley. The smell and taste you experience gives you sense of satisfaction. The video persuades you that the types of individuals that drink this beer are ones who care and respect others. Individuals that believe that “The choices we make reveal the true nature of our character.” The introduction is
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Mid-Day Meal Scheme Background With a view to enhancing enrollment‚ retention and attendance and simultaneously improving nutritional levels among children‚ the National Programme of Nutritional Support to Primary Education (NP-NSPE) was launched as a Centrally Sponsored Scheme on 15th August 1995‚ initially in 2408 blocks in the country. By the year 1997-98 the NP-NSPE was introduced in all blocks of the country. It was further extended in 2002 to cover not only children in classes I-V of government
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“My Mistress Eyes are Nothing Like the Sun” is William Shakespeare’s 130th sonnet. It follows the traditional sonnet style that many of Shakespeare’s poem incorporate. The sonnet is 14 lines long and has an ababcdcdefefgg rhyme scheme as do many of Shakespeare’s famous works. Lines 1 and 3 rhyme sun and dun‚ lines 2 and 4 rhyme red and head‚ lines 5 and 7 rhyme white and delight‚ lines 6 and 8 rhyme cheeks and reeks‚ lines 9 and 11 rhyme know and go‚lines 10 and 12 rhyme sound and ground‚ and lines
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Do not read this paper it it not trueThe poem takes the form of a dramatic monologue in the voice of the returned soldier. It has five stanzas each of four lines which follow a regular metre and an ABAB rhyme scheme in each stanza. The first‚ second and last line of each verse is about six syllables long‚ while the third line is slightly longer at eight syllables. The regular metre gives the poem a ‘chatty’ tone‚ which helps to set the scene‚ as well as delaying the realisation that this is actually
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Kimberley Process Certification Scheme (KPCS) Background Africa has a history of political turmoil‚ which often led to frequent Coups staged by the military. These armed forces used proceeds from sales of illegitimate diamonds to fund their operations. In Angola‚ UNITA used the illegitimate trade of diamonds to fund itself. This resulted in sanctions being placed upon Angola by the United Nations Security Council (UNSC) in July 1998. The world became aware that “conflict diamonds” were being
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