OK - so what is the parable of the chessboard?
Back in 4th grade, lo these many years ago, my teacher asked the class the following question:
"What is more profitable? To get $10,000.00 (TEN THOUSAND DOLLARS) immediately or get a chessboard, start with a penny on the first square, and this doubles every square?"
So - a chessboard is an 8x8 grid which has 64 squares (I know mathmeticians can argue as to how many squares by using math logic, but for the rest of us let's just leave it at 64).
So, you start with a penny on square 1, which becomes 2 cents on square 2, which becomes 4 cents on square 3, which becomes 16 cents on square 4......and so on.
Long story short, it is MUCH more profitable to start with one penny on the square of the chessboard and double it every time. So much more profitable, in fact, that there is not enough money in the U.S. to pay you at the end.
It was an interesting lesson on how multiplication works. It is also an interesting lesson in economics.
What does this have to do with fraud?
Tune in tommorrow.
Back in 4th grade, lo these many years ago, my teacher asked the class the following question:
"What is more profitable? To get $10,000.00 (TEN THOUSAND DOLLARS) immediately or get a chessboard, start with a penny on the first square, and this doubles every square?"
So - a chessboard is an 8x8 grid which has 64 squares (I know mathmeticians can argue as to how many squares by using math logic, but for the rest of us let's just leave it at 64).
So, you start with a penny on square 1, which becomes 2 cents on square 2, which becomes 4 cents on square 3, which becomes 16 cents on square 4......and so on.
Long story short, it is MUCH more profitable to start with one penny on the square of the chessboard and double it every time. So much more profitable, in fact, that there is not enough money in the U.S. to pay you at the end.
It was an interesting lesson on how multiplication works. It is also an interesting lesson in economics.
What does this have to do with fraud?
Tune in tommorrow.
NOTE: THE INFORMATION IN THIS BLOG IS NOT LEGAL ADVICE NOR
IS IT INTENDED TO BE LEGAL ADVICE. IF
THE READER HAS ANY LEGAL QUESTIONS, PLEASE REFER TO AN ATTORNEY.
Have a great and fraud-free day.
----------à>>>>>>>>>>>>>>>gene
tausk
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