"My favorite pre-Ponzi schemer was known as '520……" — Mitchell Zuckoff
"My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam."
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Mitchell Zuckoff
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12 Quotes by Mitchell Zuckoff
Mitchell Zuckoff has 12 quotes on this site.
A few more worth reading:
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Fear is something i don't you experience unless you have a choice. If you have a choice, you're liable to…
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Every swindle is driven by a desire for easy money; it's the one thing the swindler and the swindled have…
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Sending a book out into the world is a lot like sending your child to the first day of kindergarten.…
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No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to…
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Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest…
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For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg…
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I know that plenty of folks have issues with Social Security, but I'd urge them to confront it on its…
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I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from…
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Nathaniel Philbrick's 'In the Heart of the Sea' has rightfully taken its place as a classic for its literary merits.…
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We've suffered a 'Ponzification' of the economy in recent years, as bubbles have built up and then burst, and each…
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When running a Ponzi scheme, how does one avoid enormous, unexpected withdrawals - runs on the bank, so to speak…
See all 12 quotes by Mitchell Zuckoff »
More Course Quotes
This quote is filed under Course Quotes,
one of 7,273 quotes in that category. Here are a few more:
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Power and violence are opposites; where the one rules absolutely, the other is absent. Violence appears where power is in…
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For every failure, there's an alternative course of action. You just have to find it. When you come to a…
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Of course, some would say if you have a performing inclination, then you should become a lawyer. That's a platform…
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You have to steer a course between not appalling people, but at the same time not misleading them.
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I would be absolutely astounded if population growth and industrialisation and all the stuff we are pumping into the atmosphere…
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Television of course actually started in Britain in 1936, and it was a monopoly, and there was only one broadcaster…
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Reading and writing, like everything else, improve with practice. And, of course, if there are no young readers and writers,…
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I don't think the relationship between novels and realities are one to one. Of course novels play different roles. It's…
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The humanitarian would, of course, have us meddle in foreign affairs as part of his program of world service.
— Irving Babbitt
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Pearl Harbor caused our Nation to wholeheartedly commit to winning World War II, changing the course of our Nation's history…
— Joe Baca
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I'd love to be a pop idol. Of course, my groupies are now between 40 and 50.
— Kevin Bacon
See all 7,273 Course Quotes »