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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.
Has anyone actually been able to join their so called rewards scheme? When Dan Merkle their rep did a demo on the Logics last year he stated we would be "invited" to join the scheme when we registered their boilers. So far i have not received anything from them inspite of installing at least 6...
anyone know if theres due to be a welsh version of this scrappage scheme - we havent taken much notice of it as we only get anything if we cross border to chester or shrewsbury - but if it hit north wales im sure we could sort some business out then. is there any plan to offer it in the...
moony
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boilers
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google
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scrappage scheme
y plan
Evening all, the Scottish boiler scrappage scheme starts on 24th May but word is that you have to be Gas Safe Registered AND Snipef registered (or similar). Does anyone know if this is true? Seems a bit arbitrary if so...
Just to help anyone else wondering, I rang Energy Saving Trust and they...
pipholt
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costs
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energy
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scrappage scheme
:pany plumbers out there doin work for the free central heating scheme through british gas for the government in scotland if so can you post the number up did this for 4 years with my last company started up my own firm so want to get back into it cheers
jambo
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boiler
central
central heating system
free
gas
insulation
paperwork
plumbers
scheme
work
Hi
I understand how scrappage scheme works, but is there any kind of quick way the installer can claim the money, as i have quite a few customers who have asked me if i could do all the paperwork and send off for the voucher, but i emailed the energy dept and still no answer.:confused:
strangey71
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confused
energy
oil
paperwork
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scrappage scheme
Hi all, I trust you all had a pleasent break and are now looking forward to a very good year. At least with this prolonged cold snap and the increased use of roof insulation and the monkeys that installed it (job requirments tatoos on forehead and low IQ :mad:) on the last Gov. insulation...
advice
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cold
cold water
cylinder
expansion
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glowworm
indirect
loft
needs
oil
old
pipes
please
potterton
price
problem
pump
replacement
scheme
vaillant
valve
work
Anyone on here learnt there trade on one of these 8 week courses? A friend of mine is getting made redundant and asked me to look into it. I rang our training centre and they explained its 2 weeks intense training in college then 4 weeks with engineer and then finish off with 2 more intense...
appliance
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courses
fast
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training
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work
so what u think / good or bad for resistered plumbers/gas safe registered installers. AB
54ab
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baxi
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tank
trap
water
work
The managing director of Williams & Co, plumbers merchants in Portsmouth is calling upon the government to introduce a 'boiler scrappage scheme' to boost sales and help to achieve energy-saving targets.
Mick Williams said "They were prepared to do it for the car industry, why not the boiler...
365drills
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boiler
boilers
central
central heating system
condensing
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industry
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support
Hi everyone
I have created a petition urging the government to create a 'Boiler Scrappage' scheme, similar to the scrappage scheme for cars, but aimed at replacing some of the millions of old, inefficient gas boilers out there.
It would be very good for the environment and would save...
MickW
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worcester
work
The name of the new gas registration scheme has been announced by Capita.
The new brand will be known as the GAS SAFE REGISTER and will take over from the well-known Corgi brand from April 1.
Capita has also announced renewal fees for next year - £175+VAT by post and £153+VAT online.
Mike
Mike Jackson
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branch
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installers
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registration
safe
scheme
work
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