Sahara and Ponzi schemes: What are the parallels? Dr KM Abraham‚ a former Whole-Time member of the Securities Exchange Board of India (Sebi) – the man whose original order led ultimately to a Supreme Court verdict forcing the Sahara Group to wind up two bond schemes and repay investors over Rs 24‚000 crore – made a brief allusion to Ponzi schemes in his order. While ordering two Sahara group companies‚ Sahara India Real Estate Corporation (SIREC) and Sahara Housing Investment Corporation (SHIC)
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Pyramid schemes are very harmful towards investors‚ and are hard to watch out for unless you know exactly what they are‚ why they fail‚ the effect of the failure‚ common victims‚ how to avoid them‚ and how to prevent them from spreading. More individuals are hurt than are helped when dealing with these scams. Individuals should be more informed about pyramid schemes‚ because they can be easily disguised. Participating in scams‚ will more than likely lead to a loss in money. “A pyramid scheme is a get-rich-quick
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A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from their own money or the money paid by subsequent investors‚ rather than from profit earned by the individual or organization running the operation. Objectives We learn how it started. We learn the key elements in running a Ponzi scheme. We learn how big a Ponzi schemes can get. We learn how a Ponzi scheme falls apart. We learn how to identify and avoid being involved in a Ponzi scheme.
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laminated counting rhyme. I asked you what rhyme you would like to make‚ the ‘Five Little Ice Creams‚ Five Fat Buns‚ Five Little Butterflies‚ or Five Little Men In A Flying Saucer” rhyme. You chose to make the two rhymes. The first one we made was the “Five Little Butterfly “ rhyme and the second was the “Five Little Ice Cream rhyme. This didn’t surprise me as you love to participate both these rhymes when we regularly do them on the whiteboards. Making both these rhymes took us three days‚
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perception on suggestion scheme. Introduction:- Suggestion scheme is a formalized mechanism which encourages employees to contribute constructive ideas for improving the organisation in which they work. The overall aim is to gather‚ analyse and implement ideas in order to create results that have a positive impact on the business and/or deliver new value to customers. There are two approaches to the suggestion scheme * Traditional approach-which
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Exercise 1: Bernard Madoff‘s Ponzi Scheme (i) Background of man involved (concern) in the case: Bernard Madoff was a former Chairman of the NASDAQ Stock Exchange‚ a Wall Street legend before his arrest. (ii) Ethical issues: In 2008‚ during the economic meltdown in the United States‚ Madoff could no longer honor his investor’s cash requests. When he admitted to this Ponzi scheme‚ it was a massive investment fraud that had affected many people including high profile investors. He pled guilty
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Loyalty Schemes Marketing Report By Sam Inkersell Table of Contents Introduction……………………………………………………………………………….……3 Fly Buys.……………………………………………………………………………………………4 Coffee Cards…………………………………………………………………………………….6 Return Reward Programme….……………………………………….…………………7 Conclusion……………………………………..………………………………………………..8 Reference List…………………………………….…………………………………………….8 Introduction The purpose of this report is to analyse three different loyalty programs in New Zealand and they benefits that they
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The most common version of the rhyme is: There was an old woman who lived in a shoe‚ She had so many children‚ she didn’t know what to do; She gave them some broth without any bread; Then whipped them all soundly and put them to bed. The earliest printed version in Joseph Ritson’s Gammer Gurton’s Garland in 1794 has the coarser last line: She whipp’d all their bums‚ and sent them to bed. There were many other variations printed in the 18th and 19th centuries. Origins and meaning lona and peter
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www.studyguide.pk UNIVERSITY OF CAMBRIDGE INTERNATIONAL EXAMINATIONS GCE Advanced Subsidiary Level and GCE Advanced Level MARK SCHEME for the May/June 2008 question paper 9697 HISTORY 9697/01 Paper 1‚ maximum raw mark 100 This mark scheme is published as an aid to teachers and candidates‚ to indicate the requirements of the examination. It shows the basis on which Examiners were instructed to award marks. It does not indicate the details of the discussions that took place at an Examiners’
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The Rime of the Ancient Mariner- Analysis * Verse drama * Major characters: the Mariner and the Wedding Guest - to enjoy the poem‚ one must visualize the actions and facial expressions of these two characters. The poem can be read on at least three levels‚ two of which tend to overlap: * The literal level -The poem can be enjoyed simply as a suspenseful adventure story. * The moral level - The Mariner’s killing of the bird is a symbolic representation of original sin. The punishment
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