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scheme
A Ponzi scheme (, Italian: [ˈpontsi]) 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 legitimate business activity (e.g., product sales or successful investments), 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.
Some of the first recorded incidents to meet the modern definition of Ponzi scheme were 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 8% 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.In the 1920s, Charles 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. Unlike earlier similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.
I am a self employed plumber, if I want to hire a self emplyee labourer would I need to use CIS?
or could he invoice me and I pay him and he sort his accounts at end of year?
I'd really appreciate a knowledgable opinion on which is the better ( and most reliable) boiler out of these two models - a 'Baxi megaflow 15' or an 'ideal logic 12 heat only'.
After a 4 month process 'I have been offered both at a somewhat reduced price via the ECO boiler replacement...
I know it's a mouth full! My cust want a certificate for putting in a bath, basin and new position of loo....I'm not sure how to go about it! Any advice? Join APHC and then one of the many other schemes?... and how long does that take? I suspect he won't pay up until I've given him this bit of...
I Quote below an extract of a communication just recieved from MCS,
All BRE Certified MCZ Biomass boilers have currently had their certification suspended following a number of percussion incidents (The glass doors shattered)
You can see the original document here:
Microgeneration...
Hi every one,
just seeking your experience and knowledge again all comments appreciated in advance.
As title saids i obtained a bpec unvented hot water card whilst doing my apprenticeship, it is still in date and carried out maintenance work whilst employed by the company who put me through...
Hi,
I'm about to do an installation on an old Edwardian house, will have 2 bathrooms and an ensuite, 24 radiators (inc towel rails). It's only a 3 bed but the rooms are so big they need 3-4 rads each in some.
The customer would like a hot water cylinder, off solar panels and a boiler...
shudzeye
Thread
complete
cylinder
installer
panels
scheme
solar
system
systems
Just wondering if any body else nation wide, fitted boilers for the Glowworm/Vaillant group eco deal and have not been paid for them, and had some lame excuse for non payment. A large number have come to light around my area (west yorks) in the last few days. Thanks in advance :veryangry2:
Hi guys,
I'm looking to become part of a worthwhile scheme/accreditation and am wondering if anyone has knowledge on the most credible ones. I am currently looking into the APHC scheme and watersafe but are there any others that may be worthwhile joining?
I've looked into WIAPS but...
Hi guys, my Mother-in-Law's just had her boiler replaced under this scheme.
However, the boiler was showing zero pressure and had be be restarted by the installers on two occasions.
The problem is a leak from one of the upstairs rads.
The installer arrived on Friday and explained he'd turned off...
Hiya,
I could do with some advice about the CIS scheme. I just called their helpline and they were useless.
I'm setting up as a self-employed plumber, and will be teaming up with other plumbers on two-person jobs - just odd days here and there, replacing baths, etc. Technically, the customer's...
Hi All
This came up in an earlier public thread, but I thought it might be better to keep it in the arms for now.
Glowworm have been sending out emails to their club-energy installers offering access to the ECO funding. I have been investigating, and so far as I can tell this is the process...
why the hell does some one earning £150000 deserve free child care and why doesnt a single working parent qualify for it. MPs why cant we bin the lot in the north sea and start again!!!
Hi all,
I'm looking at getting back into the plumbing and heating industry. I'm a time served plumber and have my advanced city and guilds in plumbing and heating. However I have been out of the industry for about 6 years as I have been working in the carbon fibre industry. I am looking to get...
thefatroller
Thread
advice
getting
heating
portfolio
register
scheme
training
I'm not trying to flog anything but just wondering how many peeps out there get paid under the cis scheme most of the time and do they complete any tax returns each year. Theres an awful lot of brickies and plumbers who are paid as subbies but dont claim back any tax at the end of the year and...
I own an ex-council house that has a Ideal Cavalcade 340 or 350 boiler. The manual I have is dated 1991.
I qualify to have my boiler replaced free under the Energy Company Obligations (ECO) scheme.
The problem is the boiler is so old it pre-dates when the tables were introduced so I...
Crazziee
Thread
boiler
efficiency
energy
gas
gas boiler
ideal
oil
rating
scheme
whats the best value for money/best service cps(competent persons scheme out there)corgis the cheapest but reading there small print they want £270 per half day to investigate complaints,also i want to know how many are in said schemes the poll is closed so no names will be showing,names are not...
WITH ALL THE REGULATIONS IN PLACE THESE DAYS, WE MUST BE SAFER NOW. AS YOU WILL SEE FROM THE (CO) CHART AT THE BOTTOM WITH ALL THE SAFER DESIGNS OF BOILERS ALL THE CONTROLLING BODIES, BELOW SMOKE ALARMS LESS OPEN FIRES HAVE WE ACHIEVED ANYTHING BY BEING GAS REGISTERED
THERE ARE OVER 200000 ROAD...
So who on here is thinking about signing into this ?
Went into the merchants this morning and this came up in converstaion with the guys behind the counter one saying your going to need it and will get loads of work the other saying all the big builders arnt buying into this .Myself i'm totally...
Hi all
Has anyone signed upto the Eco scheme running by Plumbase .
just wondered what thought are about this. Also has anyone done the assessor training?
Cheers all
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