With the end of the Civil War and the passage of the 13th Amendment by Congress, the question became how to fairly compensate former African American slaves for all of their years of hard labor and servitude. Most people are familiar with the 40 Acres and a mule plan that crashed and burned before ever […]
Scammers hall of fame
I have a bridge to sell you
George C. Parker is one of the greatest con man in U.S. history. In the late 1800s and early 1900s, Parker preyed on new immigrants arriving to America who were looking for their slice of the American pie. He paid stewards on ships headed to Ellis Island to identify potential targets. The stewards would scope […]
Flower Circle = Airplane Game = Pyramid Scheme
A Susu is a form of rotating savings and credit association, an informal savings club arrangement between a small group of people who take turns collecting the pot. The name comes from African and Caribbean cultures. The basic principle is that each member of the group makes a standard contribution to a common fund once […]
Scammers Hall of Fame: Charles Ponzi
Oxford dictionary defines a Ponzi Scheme as: A form of fraud in which belief in the success of a non-existent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors. Charles Ponzi was an Italian immigrant who came to the U.S. in 1903 with only $2.50 in his […]
