Remember from the last post - this is what set Charles Ponzi on his scheme:
- Ponzi had the idea to have his relatives in Italy buy International Reply Coupons in Italy and send them to him in America. The International Reply Coupons (IRC's) would cost less in Italy and Ponzi would attempt to exchange them for stamps of higher value in America.
Now, in essence, this is not in and of itself a terrible or wrong idea. All Ponzi was attempting to accomplish was to purchase something at a lower price to sell it at a higher price in America.
Note, however, the idea on which Ponzi immediately hits - he will exchange these IRC's to sell for a higher value and an incredible profit. This is the very heart of a Ponzi scheme - great returns over a short period of time. This is, in essence, the hallmark of a Ponzi scheme - it is the proverbial "get rich quick" scheme.
http://www.tauskvega.com
Have a great and fraud - free day
--------------->>>>>>>>>>>>>>>gene tausk
- Ponzi had the idea to have his relatives in Italy buy International Reply Coupons in Italy and send them to him in America. The International Reply Coupons (IRC's) would cost less in Italy and Ponzi would attempt to exchange them for stamps of higher value in America.
Now, in essence, this is not in and of itself a terrible or wrong idea. All Ponzi was attempting to accomplish was to purchase something at a lower price to sell it at a higher price in America.
Note, however, the idea on which Ponzi immediately hits - he will exchange these IRC's to sell for a higher value and an incredible profit. This is the very heart of a Ponzi scheme - great returns over a short period of time. This is, in essence, the hallmark of a Ponzi scheme - it is the proverbial "get rich quick" scheme.
http://www.tauskvega.com
Have a great and fraud - free day
--------------->>>>>>>>>>>>>>>gene tausk
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