Highly sought-after Arizona linebacker Tate Romney says he will sign with …
Ex-NBAer Tate George charged in NJ Ponzi scheme – Deseret News
Bing search results: george tate deseret news, February 12, 2020
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Ex-NBAer Tate George charged in NJ Ponzi scheme
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Norwich Bulletin, Tali Greener, File, Associated Press
(Mormon Church of Satan’s Deseret News, September 23, 2011, emphasis added)
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For schemes where people are told that it is based on enrolling ever larger numbers of people, see Pyramid scheme.
1920 photo of Charles Ponzi, the namesake of the scheme, while still working as a businessman in his office in Boston
A Ponzi scheme (/ˈpɒnzi/, Italian: [ˈpontsi]; also a Ponzi game) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from product sales or other means, and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.
The scheme is named after Charles Ponzi, who became notorious for using the technique in the 1920s. The idea had already been carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the “Ladies’ Deposit”. Howe offered a solely female clientele an eight-percent monthly interest rate, and then stole the money that the women had invested. She was eventually discovered and served three years in prison. The Ponzi scheme was also previously described in novels; Charles Dickens‘ 1844 novel Martin Chuzzlewit and his 1857 novel Little Dorrit both feature such a scheme. Ponzi carried out this scheme and became well known throughout the United States because of the huge amount of money that he took in. His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors’ money to make payments to earlier investors and to himself.
Tate George Sentenced to 9 Years in Prison
By Christopher Keating
Jan 21, 2016 | 8:45 PM | HARTFORD
University of Connecticut basketball icon Tate George, shown here with real estate adviser Enrique Riley during a break in his trial in federal court in Trenton, was sentenced Thursday to nine years in federal prison. (Photo by Christopher P. Keating)
You can do it.
We can help.
FOR SALE BY OWNER
(Tate George Sentenced To 9 Years in Prison, by Christopher Keating, Hartford Courant, January 21, 2016)
Riley is the name of the man pictured with exploited Tate George. Exploited Riley is a paralegal.
There’s CIA-DIA Danette Lisa Rilet Roche, and there’s Hoffman LaRoche, and there’s Riley’s Way.
cc all Mormon barristers
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