Charles Ponzi, was an Italian businessman and con-artist in the U.S. and Canada. His aliases include Charles Ponci, Carlo and Charles P. Bianchi. Born in Italy, he became known in the early 1920s as a swindler in North America for his money making scheme. Charles Ponzi 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 United States as a form of arbitrage. In reality, Ponzi was paying early investors using the investments of later investors, a scheme that now bears his name. His scheme ran for over a year before it collapsed, costing his "investors" $20 million. Ponzi was probably inspired by the scheme of William F. Miller, a Brooklyn bookkeeper who in 1899 used the same scheme to take in $1 million. Ponzi walked into the offices of a former Zarossi customer Canadian Warehousing and, finding no one there, wrote himself a check for $423.58 in a checkbook he found, forging the signature of a director of the company, Damien Fournier. After his release from jail in 1911 he decided to return to the United States, but got involved in a scheme to smuggle Italian illegal immigrants across the border. Ponzi quit his translator's job to set his scheme in motion. He borrowed money and sent it back to relatives in Italy with instructions to buy postal coupons and send them to him. However, when he tried to redeem them, he ran into an avalanche of red tape.Undaunted, Ponzi went to several of his friends in Boston and promised that he would double their investment in 90 days. The great returns available from postal reply coupons, he explained to them, made such incredible profits easy. Some people invested and were paid off as promised, receiving $750 interest on initial investments of $1,250. Later on, Ponzi eventually came up with what is called Ponzi's scheme.
What issues do ex-Muslims have to face in Muslim countries? In the U.S.? Do you find this surprising? Why or why not?
The family of Ex Muslims that moved to Manhattan had to deal with many Muslims watching them and treating them different. Some of them married into another faith and some just stopped believing in the Koran. Ex Muslims have to face issues such as hatred and threats in Muslim communities. Their families will become hated because they have decided to switch their beliefs. In Muslim countries, anti Muslims might be scared that the Muslims might try to drive them out of the community with guns or knives. Ex Muslims in the United States might feel out of place because many citizens do not believe in the Muslim way. They might also feel better because they are not obligated to be Muslim anymore. I find this surprising because i thought once you became a Muslim, there was no turning back. I also find it surprising that they go through so much because most Muslims are very spiritual but i did not know that they would be willing to get violent to those that cross over to another religion. Also, ex muslims might feel like they are escaping a dangerous situation by coming to the United States. LRJ 1-29-15 Brilliant people with more money than they will ever need get so caught up in their hunger for even more money that they end up losing everything because they want to have it all. They want to be greedy. They will do whatever it takes to get more money and it backfires. People should realize that you have enough when you are able to take care of your family and keep them comfortable. People are willing to risk so much to get more because of their obsession with greed and their obsession to have more than what they really need or desire. Money is something that should keep people happy but instead it tears them apart. So many extremely wealthy people are unhappy because they have no family or friends to share the wealth with. i agree with his answers because he shows that people are willing to do whatever it takes to have more.
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