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No Ponzi schemer tells anyone exactly how it works. The purpose of a Ponzi scheme is to trick people, to take the money and run.
Mitchell Zuckoff
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Mitchell Zuckoff
Age: 62
Born: 1962
Born: April 18
Professor
Writer
Money
Trick
Take
Tricks
People
Tells
Exactly
Works
Anyone
Purpose
Scheme
Running
Schemes
More quotes by 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.
Mitchell Zuckoff
Bob Altman got nothing from the TV series 'M*A*S*H,' and the royalties for the theme song went to his oldest son, Michael, who wrote it as a 15-year-old poet!
Mitchell Zuckoff
Every swindle is driven by a desire for easy money it's the one thing the swindler and the swindled have in common.
Mitchell Zuckoff
We've suffered a Ponzification of the economy in recent years, as bubbles have built up and then burst, and each time we act as though it's the first time.
Mitchell Zuckoff
I was researching a different World War II story when I came across an article in the 'Chicago Tribune' from June 1945 that knocked me for a loop. The article explained that a military plane had crashed in an impossibly remote valley of New Guinea that had been nicknamed Shangri-La.
Mitchell Zuckoff
For starters, let's dispense with the cheap jokes about cannibalism. That means cracks about giving an arm and a leg - sorry - for a good book on the subject, or similar tasteless - sorry, again - attempts to make the subject more palatable - last one.
Mitchell Zuckoff
Fear is something i don't you experience unless you have a choice. If you have a choice, you're liable to be afraid. But without a choice, what is there to be afraid of? You just go along and do what has to be done.
Mitchell Zuckoff