Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:32pm On Aug 23, 2023 |
Wounded soldiers after storming Omaha Beach on D-Day, June 6, 1944.
The citizens of Leningrad evacuate their homes, which had been destroyed by German bombing, 1942.
Disabled US vehicles on the beaches of Iwo Jima, March 1945.
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:30pm On Aug 23, 2023 |
Free French soldiers at a sunrise mass during the battle of Bardia, 1941
Omaha Beach during the D-Day landings, 1944.
A Russian POW stares down Heinrich Himmler, 1941. Photo by Franz Gayk.
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:27pm On Aug 23, 2023 |
An individual air raid shelter for a Queen’s Guard during The Blitz, London, 1940.
A German bomber attacks the American ship Robert Rowan off the coast of Gela, Sicily, causing it to explode, July 11, 1943
A building collapsing during the Blitz, 1941
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:22pm On Aug 23, 2023 |
Heinrich Himmler visits Dachau with his 12-year-old daughter Gudrun, 1941.
The “Night Witches,” fearless Russian female pilots who ran bombing missions at night, 1941.
Amidst the ruins of a London bookshop, a boy sits and reads a book named “The History of London, October 8, 1940.
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:20pm On Aug 23, 2023 |
Churchill inspects a Tommy Gun, Hartlepool, 1940.
German soldiers in Paris salute their officers sitting at a café, Bastille Day, 1940.
German troops land in Norway, 1940.
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:18pm On Aug 23, 2023 |
German soldiers march past the French WWI victory monument during the Fall of France, 1940
|
Foreign Affairs › Re: The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:17pm On Aug 23, 2023 |
Watching for German air raids during an Arsenal vs Carlton Athletic match, 1940
|
Foreign Affairs › The Images That Shaped History: Iconic Photos Of World War II by Rapmoney(op): 1:16pm On Aug 23, 2023 |
|
Politics › Re: Nigerians’ll Soon Beg FG To Leave Them In Poverty – Shehu Sani by Rapmoney(m): 1:10pm On Aug 23, 2023 |
helinues: Since this one was relegated politically, he has gone so deep low to the extent of detecting the sinking Titanic What do you mean? |
|
Investment › Re: Charles Ponzi: The First Man To Run A Ponzi Scheme by Rapmoney(op): 2:07pm On Aug 21, 2023 |
Mug shots of Charles Ponzi
|
Investment › Charles Ponzi: The First Man To Run A Ponzi Scheme by Rapmoney(op): 2:06pm On Aug 21, 2023 |
The term “ponzi scheme” is a common business term that describes when investors pay money into a nonexistent enterprise, and their money is returned to earlier investors as fake payments.
But many may not know that the term originated from Charles Ponzi — an Italian con artist and swindler. They used his charismatic charm and persona to invest in his made-up businesses.
Who was Charles Ponzi, and how did his name become synonymous with fraud?
From rags to riches
Born in 1882, Charles Ponzi lived in Lugo, Italy, at the turn of the 20th century. While his family had been initially well-to-do, they had fallen on hard times, and Ponzi spent much of his life growing up poor.
He eventually got accepted into the University of Rome La Sapienza to study but ended up spending all of his money and shortly found himself broke and without a degree.
With little to his name, he migrated to the United States in 1903 and began learning English. But as he integrated into his new life, he started to dream of ways to generate wealth.
The man who claimed to only have “$2.50 in cash and $1 million in hopes” quickly found a way to earn a buck.
Ponzi came up with the idea for an international trade journal where he thought he could make a profit selling advertising. But, the bank he sought a $2,000 loan from denied his application, and Ponzi found himself back at square one.
A claim to fame
But, in August 1919, a new idea came to Ponzi. He received a piece of mail that contained an international reply coupon.
The small piece of paper allowed the recipient of international mail to respond without paying for the return mail.
The postal coupon, otherwise known as an IRC, could be exchanged for stamps and potentially a profit if the country where the IRC was purchased had different rates from the United States.
Ponzi’s brain kicked into overdrive. Ponzi claimed he could purchase large quantities of the IRCs overseas and turn them into profit in America.
He quit his job as a translator and started a business around exchanging and profiting off of the IRCs from other countries.
But first, he needed the initial investment to get going. So Ponzi went to several of his Boston friends and asked for their money to get going, promising that he would get them a 50% profit in 45 days and a 100% profit in 90 days.
His charming personality and suave demeanor got him far, but not far enough. That’s why he hired and trained sales agents who would go out and try to obtain more investors to buy into his idea.
Promising the sales agents a commission, these sales agents would pitch Ponzi’s IRC scheme to other wealthy individuals, ensuring Ponzi stayed out of sight and out of mind to those with deep pockets.
Ponzi’s Downfall
Soon, investors began to realize that the math wasn’t adding up. A man named Joseph Daniels filed a $1 million lawsuit against him in July of 1920, claiming that Daniels was owed part of Ponzi’s fortune for money not returned.
By this time, Ponzi lived in a 12-room mansion, had multiple servants, wore fine clothes, and purchased diamonds for his wife. His life was dripping in opulence and luxury — a far departure from the $2.50 he got off the boat 17 years earlier.
But, behind the scenes, a reporter at the Boston Post was investigating Ponzi and his business practices.
Once the newspaper got word of the lawsuit Daniels was filing, they ran a front-page investigative feature on the suspicious businessman, pegging his net worth at $8.5 million.
Today, that money would total over $126 million.
Things around Ponzi quickly began to fail after the article came out. For the first time since World War I, the U.S. Postal office changed the IRC rate less than a week after the Post’s report.
While they claimed the sudden change in pricing had nothing to do with the Ponzi article, they publicly said it would be impossible to do what Ponzi had founded his business on.
He became under initiate by the federal authorities and under the advice of his publicist, agreed to cooperate with the investigation.
Soon, his investors flocked to his office and asked for their investment back. Even under pressure, Ponzi maintained a cool, calm, and collected demeanor.
Ponzi was able to forgo major consequences for another couple of months until it all came crashing down in August of 1920.
The Boston Post came out with another front-page story about Ponzi and fraudulent checks he wrote 13 years earlier in Montreal.
That same afternoon, the bank seized Pnozi’s funds due to irregularities.
The next 15 years followed with Ponzi in and out of prison on federal counts of mail fraud and larceny.
After being released for the last time in 1934, Ponzi was deported back to Italy, telling reporters, “I went looking for trouble, and I found it.”
Back in Italy, Ponzi spent his last years largely in poverty, working here and there as a translator. He passed away in 1949.
Ponzi schemes today
Today, a Ponzi scheme has become a common term used to describe a business scam that “robs Peter to pay Paul.”
It’s characteristically led by a charismatic and energetic scam artist, who exploits potential investors with a fear of missing out on a golden opportunity.
And while it’s been nearly 100 years since Charles Ponzi laid out his first scam, not much has changed.
Last year alone, federal investigators discovered 60 major Ponzi schemes totaling over $3.25 billion in fraudulent scams.
Many became familiar with the illegal business practice named after Charles Ponzi when Bernie Madoff was found guilty of running the largest Ponzi scheme in American history, worth nearly $64 billion.
While Charles Ponzi might have died alone and mostly poor, his name carries with it a denotation of fraud and scheming — something he might be proud of. Source: https://www.historydefined.net/charles-ponzi/?fbclid=IwAR11ymyg9N2Xo_kC3uM6Nw2kIitgjnj_F3Js8x7Vhh6DQFe1zRXCRwaQ4tk
|
Properties › Re: The Nigerian City With The Most Outrageous Accommodation Fees by Rapmoney(op): 8:27am On Aug 14, 2023 |
Cromagnon: stay ya village na One greedy Enugu agent spotted. |
Properties › Re: The Nigerian City With The Most Outrageous Accommodation Fees by Rapmoney(op): 10:44pm On Aug 13, 2023 |
BoldBrainz: Huh? That's a "self-contained" apartment for a summary fee of 550K? Yes |
Properties › Re: The Nigerian City With The Most Outrageous Accommodation Fees by Rapmoney(op): 9:46pm On Aug 13, 2023 |
BoldBrainz: One bedroom apartment. I am talking about one room apartment and not one bedroom apartment. They are different. |
|
Properties › Re: The Nigerian City With The Most Outrageous Accommodation Fees by Rapmoney(op): 4:29pm On Aug 13, 2023 |
Na wah
|
Properties › The Nigerian City With The Most Outrageous Accommodation Fees by Rapmoney(op): 4:26pm On Aug 13, 2023 |
I have visited so many cities in Nigeria due to my interest in the property business and I think Enugu is one of the most frustrating place to search for accommodation in Nigeria.
Read carefully. I am not talking about the general cost of apartments here. I am talking about the outrageous and unnecessary fees that these greedy and selfish Shylocks who call themselves property agents charge in Enugu.
It will interest you to know that the neighbouring states around are very different to what is obtainable in Enugu.
TYPICAL COST OF BED-SITTER/ONE ROOM IN ENUGU:
1 year rent = 200k/250k Agent fee = 100k Agreement fee = 100k Caution fee = 50k Management fee = 50k
Total = 500k/550k
Now, a young man who earns 50k as salary (average salary of a graduate in Enugu) is expected to pay 500k-550k for a bedsitter apartment for a year! If it was an industrialized city like Detroit, Amsterdam, Dubai, Los Angeles or Leeds, it would have been different but not a place that has civil servants and small business people as the greater part of the population.
Just because say you show me one room apartment, I go give you 100k!!!
|
Celebrities › Mikel Obi, MI Abaga Appointed Advisers By Governor Caleb Muftwan Of Plateau by Rapmoney(op): 6:49pm On Jul 29, 2023 |
Plateau State governor, Caleb Muftwang, has appointed former Super Eagles captain, John Mikel Obi, and rapper Jude Abaga also known as MI as honorary advisers. Obi was appointed as Honorary Adviser on Sports while MI is the new Honorary Adviser on Entertainment and Creativity. Muftwang in a statement signed by his spokesperson, Gyang Bere said the appointments are parts of his administration’s plan to erect the bedrock of excellence for Plateau state. Mikel who grew up in Jos, the Plateau state capital, made a mark in football during his heydays as he won a plethora of laurels with Nigeria and Chelsea. The former Nigeria Super Eagles captain, who is a cult hero for many football lovers, scored only one goal and contributed ten assists in the English Premier League in 249 appearances for Chelsea and left the club in January 2017. Mikel is Nigeria’s most decorated player with the most trophies in England after making 372 appearances in all competitions for the Blues and winning two Premier League titles, three FA Cups, the Champions League and Europa League amongst his extensive silverware collection. Muftwang also approved the appointment of Professor Christopher Yilwan as the Chief Medical Director of the Plateau Specialist Hospital and Dr Agabus Manasseh as the Director General, Plateau State Contributory Health Care Management Agency. Mathew Dawap was appointed as General Manager, Plateau Mineral Development Company Limited while Helen Dabup, was made Executive Secretary, Local Government Service Pension Board by the governor. Other appointees by the governor included Ishaku Jilemsam, Programme Manager, Plateau Agricultural Development Programme; Samuel Gwott, General Manager Plateau Express Service; Hart Bankat, General Manager, Jos Metropolitan Development Board; and Olivia Dazyem, Special Adviser on Gender and Chairperson Implementation Committee of Gender and Equal Opportunities Commission. He also approved the appointments were Hon Alex Chup, Chairman, Teacher’s Service Commission; Hon Sunday Amuna, Acting Executive Chairman, State Universal Basic Education (SUBEB); and Prof Ishaya Pam, Honorary Adviser on Healthcare and members of Abuja Liaison Directorate; among others. Source: https://guardian.ng/news/plateau-governor-muftwang-appoints-mikel-obi-mi-abaga-as-advisers/
|
Sports › . by Rapmoney(op): 11:44pm On Jul 26, 2023*. Modified: 6:25am On Aug 15, 2023 |
. |
Crime › Re: Gunmen Kidnap Priestba Anthony-Nwokocha, RSBC News Director (Photo) by Rapmoney(m): 11:53pm On Jul 22, 2023 |
Twominds: Please if anybody can help me with any little amount to cook something to eat I will be very happy. Feeding is a big problem for me and my family please no matter how small. I havent eaten anything since yesterday in the morning pls. My dad is a retired teacher and my mom is late. Am a single mother with my own son mouth to feed, the little money i make have use it to cater for my dad illness and pay house rent but his health is getting worst. Now we can't even eat or buy water to drink. Please if you're reading this message pls come to our aid, no matter how small it will go a long way pls. May God meet you at the point of your need as you have show us mercy amen
Acct num:[color=dark]3[/color][color=dark]18[/color][color=dark]7[/color][color=dark]47[/color] [color=dark]8[/color][color=dark]99[/color][color=dark]6[/color] Faith First Bank Scammer |
Romance › Re: Why Many Young Nigerians Are Not In Relationships by Rapmoney(op): 6:48pm On Jul 22, 2023 |
CuriousStudent: Started on a neutral stance then tilted towards painting women in the bad light.
Anyway,in a country in "survival mode",people date for the wrong reasons. A middle class earning man/woman in a developed country will most likely date for attraction
For those that are not interested in dating for the wrong reasons,they rather remain single.
As a man you can't afford relationship,so you stay single. As a woman,you can't be giving your vagina to struggling guys who can't even marry you in the next 3 years due to hardship in the land. You are left between sleeping with a guy for money(married men,sugar daddy) or remaining single. The virtuous chose the later
That is just it.
Who love help when fuel is 800 naira?
Cc: caveadullam You accused me of being biased towards women but read what you posted. What you posted actually shows that I have posted the obvious. Stop faking it and face reality. |
Romance › Re: Why Many Young Nigerians Are Not In Relationships by Rapmoney(op): 6:47pm On Jul 22, 2023 |
nairalanda1: I disagree. Most Nigerian younglings are in relationships, at least among the folk I know...married even Face reality. Life goes beyond faking reality. That's all I can tell you. |
Romance › Why Many Young Nigerians Are Not In Relationships by Rapmoney(op): 12:12pm On Jul 22, 2023 |
Don't be fooled by social media. Many young people in Nigeria are not in relationships. This includes both male and female genders. It is even worse for people who are above 30 due to so many financial expectations, commitments, bills over bills, poor economy, terrible hard-hitting economic policies by the government, high level of unemployment and inflation. Young people are becoming more withdrawn. There is a fast decline in our social life; I mean how we interact with one another face to face. It will amaze you to know the number of young people who see their electronic gadgets as their partners.
It is pertinent to note that the above mentioned problems have caused a chain reaction in the society where young women now prefer hookup to dating...sex business aka 'If you give me cash, I'll give you the Bermuda Triangle'. You cannot separate poverty/economic hardship from a socially and culturally warped society.
Which way Nigerian youths? |
Music/Radio › . by Rapmoney(op): 7:54am On Jun 29, 2023*. Modified: 6:49pm On Aug 19, 2023 |
. |
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:15pm On Jun 17, 2023 |
If you want to purchase anything, go to a shop and buy. The internet is littered with all sort of humans. Both the darkest of the darkest minds. |
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:13pm On Jun 17, 2023 |
More
|
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:11pm On Jun 17, 2023 |
Chat screenshots
|
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:10pm On Jun 17, 2023 |
More
|
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:08pm On Jun 17, 2023 |
See how they use the faces of innocent business people.
|
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:07pm On Jun 17, 2023 |
Screenshots
|
Business › Re: Beware Of Facebook Ads When You Purchase Household Items (pics) by Rapmoney(op): 6:06pm On Jun 17, 2023 |
More
|