首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
From Ponzi to Madoff The year was 1920. The country was the United States of America. The man’s name was Charles Ponzi. Ponzi
From Ponzi to Madoff The year was 1920. The country was the United States of America. The man’s name was Charles Ponzi. Ponzi
admin
2012-12-21
41
问题
From Ponzi to Madoff
The year was 1920. The country was the United States of America. The man’s name was Charles Ponzi. Ponzi told people to stop depositing money in a savings account. Instead, they should give it to him to save for them. Ponzi promised to pay them more than the bank. For example, a savings account might pay you $5 a year for every $100 you deposit. Ponzi, however, would pay you $40 a year for every $100 you gave him to hold. Many people thought this was a good plan. They began to give their money to Ponzi.
How could Ponzi make so much money for people? This is what he did with the money people gave him: He used some of that money to pay other people who gave him money. However, he also kept a lot of the money for himself. Soon he had $250 million. This was a kind of theft, and it was against the law. The people who gave him their money didn’t think anything was wrong. Ponzi paid them every month, just like a bank. Ponzi continued this way of working for two years. Then one day, he didn’t have enough money to pay all the people. They discovered his crime, and he went to prison for fraud.
Ninety years later, people began to hear about a businessman in New York named Bernard Madoff. People said he gave good advice about money. They said when they gave him their money, he paid them a lot more than the bank. Madoff helped hospitals, schools, and individuals earn money. Over a period of 40 years, people gave him $170 billion. However, no one investigated what he did with the money. The people who gave Madoff their money also didn’t think anything was wrong because he paid them every month.
One day, Madoff didn’t have enough money to pay all the people he needed to pay. That’s when people discovered how Madoff worked: He was taking money from some people to pay other people, just the way Charles Ponzi did. However, this time, instead of losing millions of dollars, people lost billions.
Madoff was accused of fraud, and United States government officials arrested him. He didn’t have to go on trial because he said he was guilty. In 2009, a judge sentenced him t0 150 years in prison. Bernard Madoff’s crime was even bigger than Ponzi’s. It was the biggest fraud in history. The lesson of this story is clear: When something seems too good to be true, it probably is!
For every $100, Ponzi promised to pay people
选项
A、$5 a year.
B、$20 a year.
C、$40 a year.
D、$100 a year.
答案
C
解析
转载请注明原文地址:https://kaotiyun.com/show/GeFd777K
本试题收录于:
职称英语综合类B级题库职称英语分类
0
职称英语综合类B级
职称英语
相关试题推荐
Accordingtotheauthor,informationtechnologyhasnothingpositivetosay.Bytheterm"computerization"theauthormeanstha
AtthebottomoftheworldliesamightycontinentstillwrappedintheIceAgeand,untilrecenttimes,unknowntoman.Itisa
Awarenessofearthquakehazardsisnowwelldevelopedinmanycountries,andtheU.S.GeologicalSurveyhasrecentlypublished
Mostpeoplehavesimilarideasofwhataphysicistlookslike.TheInternationalScienceOlympiadsareheldonceeverytwoyear
Theflowofanelectriccurrentinaregularconductorismadepossiblebythefactthat______.Thebreakthroughmadeinsuperc
Heisexemptedfrommilitaryservice,becauseofhisbadsight.
CellPhoneLetsYourSecretOutYourcellphoneholdssecretsaboutyou.Besidesthenamesand【51】thatyou’veprogrammedin
ImproveComputer-researchSkillsLikemanycollegestudents,JoseJuarezcarriesaroundapocket-sizedcomputerthatletshi
ManyofCarsonMcCuller’scharactersareisolated,disappointedpeople.
Almostalleconomistsagreethatnationsgainbytradingwith.oneanother.
随机试题
甲公司2011年12月31日将一台账面价值3000000元、已提折旧1000000元的生产设备按2500000元的价格销售给丙公司,出售价款当日存入银行。同时与丙公司签订了一份融资租赁合同将该生产设备租回,租赁期为5年,未实现售后租回损益按平均年限法分5年
某患者,右上腹痛伴发热9天,超声检查显示:肝右叶见一7cm×8cm的低回声区,边缘厚而不齐,边界模糊,后方增强效应明显,隔肌运动减弱,右胸腔内见新月状无回声区。最可能的诊断是
A.胎盘剥离不全B.胎盘剥离后滞留C.胎盘粘连或植入D.胎盘早剥E.胎盘残留
测绘单位申报材料不真实,虚报冒领测绘作业证的,由省、自治区、直辖市人民政府测绘行政主管部门(),并根据其情节给予通报批评。
设备制造过程包括( )。
根据《公路工程质量监督规定》,建设单位对未经工程质量检测或者质量检测不合格的工程,按照合格工程组织交工验收的,责令改正,处工程合同价款()以下的罚款。
旅游安全事故中的重大事故,是指一次事故造成旅游者重伤,或者经济损失在1万元至10万(含1万元)元者。()
及时复习的理论依据是()。
设f(x),φ(x)在点x=0某邻域内连续,且x→0时,f(x)是φ(x)的高阶无穷小,则x→0时,∫0x(t)sintdt是∫0xtφ(t)dt的()无穷小.
A、Peoplewhocanrecordthenexteclipse.B、Thedateofanupcomingsolareclipse.C、Howtorecordaneclipseforyourposterity
最新回复
(
0
)