Fool's Gold

Even though it happened two years ago,
it still amazes me how
Get Rich Quick Schemes
still work on people today.
Fool's Gold 
is a story on the
FBI's Website
talking about a
Ponzi Scheme.
Here is my
Post
about
Charles Ponzi
from
January 2nd, 2016
called
Robbing Peter To Pay Paul.

 *****
Do you remember hearing the 

cliche-idiom-wisdom 

of your father 

or grandfather, 

where they say, 

"If it sounds too good to be true, it probably is." 

The fact is, 

people in general, 

are lazy, 

greedy, 

suckers, 

who are born every minute. 

From the rich on down to the poor, 

sooner 

or later, 

you will be suckered in by someone. 

Myself included. 

One of the oldest schemes in the book is to 

"Rob Peter to pay Paul." 

This old cliche is from a time when the
King Of England
demanded payment of taxes from his subjects.

The
Catholic Church Of England
in
London

(Saint Paul's)

demanded taxes be paid to them under the name of donations.

Even the
Vatican
in
Rome

got in on the act
and demanded taxes be paid to their
Church,
Saint Peter's Basilica
in the form of donations.
All this to prove your devotion to
God. 

Of course, 

the poor couldn't afford all these taxes, 

so even though your congregation would owe the
Pope
more 

and more back taxes every year, 

it is always easier to 

"Rob Peter so you can pay Paul"  

since 

St. Paul's 

was in your own backyard.

When
Banks
became more predominate, 

where you no longer had to borrow money from the
Church

or a
King,

investors already knew about a scheme that had worked for centuries. 

You might recognize some of the prominent schemers of the last century. 

Bernard Madoff, 

Allen Stanford, 

Victor Lustig, 

and 

Charles P. Bianchi, 

I mean 

Carlo P. Bianchi, 

err I mean 

Charles Ponci, 

err again,

I really mean 

Charles Ponzi. 

He was so good at 

"Robbing Peter to pay Paul" 

that the
World
soon knew him 

and the scheme he perfected as the, 

"The Ponzi Scheme."

This is,

Wondering What It Takes To Get A Name Like 
Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi?

James Bernard Paul Hauenstein,

And,

"I landed in this country with $2.50 in cash and $1 million in hopes, and those hopes never left me."
- Charles Ponzi -

That is my story and I am sticking to it!

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