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Dendreon Anonim Ortaklik Message Board

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  • captzorro_2000 captzorro_2000 May 10, 2007 1:32 PM Flag

    Charles Ponzi you out there?

    His aliases include Charles Ponei, Charles P. Bianchi, Carl and Carlo. Although many people have never heard of Ponzi, the term "Ponzi scheme" is a well known description of fraud that continues to this day through its modern version, the "make money fast" schemes that percolate...

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    • Ponzi, who fleeced Bostonians out of millions in 1920, did not invent what has come to be known as a Ponzi scheme, a scam in which early investors are paid with money from new investors. The con had been around for years, maybe centuries. But Ponzi did it on such a grand scale, with such flair and in such full view of the world and the media, that he earned his place in criminal history. ''He was a celebrity and that only enticed more people into his scheme,'' says William Galvin, Massachusetts secretary of state, who spends part of his time trying to protect investors from modern-day Ponzi imitators.

      So be careful who you listen to period.

      • 1 Reply to captzorro_2000
      • Ponzi set up an office at 27 School St. and created a firm called the Securities and Exchange Company, a name meant to instill confidence in potential investors. Then he made his offer: Investors who bought into the company would get a 50 percent return on their money in 45 days; a 100 percent return in 90 days. Banks at the time paid 5 percent interest annually.

        what a guy and his students are on this board. As for DNDN the FDA is out to protect the public.