首页
财务会计
医药卫生
金融经济
考公考编
外语考试
学历提升
职称考试
建筑工程
IT考试
其他
登录
职称考试
From Ponzi to Madoff The year was 1920. the country was United States of A...
From Ponzi to Madoff The year was 1920. the country was United States of A...
admin
2020-12-24
76
问题
From Ponzi to Madoff
The year was 1920. the country was United States of America. The man’s name was Charles Ponzi. Ponzi told people to stop depositing money in a savings account.Instead,they should give it to him to save for them. Ponzi promised to pay them more than the bank. For example, a saving account might pay you $5 a year for every $100 you deposit. Ponzi,however,would pay you $40 a year for every $ 100 you gave him to hold. Many people thought this was a good plan. They began to give their money to Ponzi.
How could Ponzi make so much mohey for people? This is what he did with the money people gave him:he used some of that money to pay other people who gave him money.However he also kept a lot of the money for himself. Soon he had $250 million. This was a kind of theft,and it was against the law. The people who gave him their money didn’t think anything was wrong,Ponzi paid them every month, just like a bank. Ponzi continued this way of working for two years. Then one day, he didn’t have enough money to pay all the people.They discovered his crime, and he went to prison for fraud.
Ninet years later,people began to hear about a businessman in New York named Bernard Madoff.People said he give good advice about money. They said when they gave him their money,he paid them a lot more than the bank. Madoff helped hospitals, schools,and individuals earn money.Over a period of 40 years, people gave him $ 170 billion,However,no one investigated what he did with the money. The people who gave Madoff their money alsodidn't think anything was wrong because he paid them every
month.
One day, Madoff didn't have enough money to pay all the people he needed to pay. That’s when people discovered how Madoff worked:He was taking money from some people to pay other people, just the way Charles Ponzi did. However, this time, instead of losing millions of dollars, people lost billions.
Madoff was accused of fraud, and United States government officials arrested him. He didn’t have to go on trial because he said he was guilty. In 2009,a judge sentenced him to 150 years in prison. Bernard Madoffs crime was even bigger than Ponzi's. It was the biggest fraud in history. The lesson of this story is clear: When something seems too good to be true, it probably is!
How long did Madoffs tricks last?
选项
A Four years.
B Nine years.
C Forty years.
D Ninety years.
答案
C
解析
从第三段"Over a period of 40 years, people gave him $ 170 billion. ” 这句话里可以找到答案。
转载请注明原文地址:https://ti.zuoweng.com/ti/gwpQKKKQ
相关试题推荐
FromPonzitoMadoff Theyearwas1920.thecountrywasUnitedStatesofA...
FromPonzitoMadoff Theyearwas1920.thecountrywasUnitedStatesofA...
FromPonzitoMadoff Theyearwas1920.thecountrywasUnitedStatesofA...
TheChangingMiddleClass TheUnitedStatesperceivesitselftobeamiddle...
TheChangingMiddleClass TheUnitedStatesperceivesitselftobeamiddle...
TheChangingMiddleClass TheUnitedStatesperceivesitselftobeamiddle...
FromPonzitoMadoff Theyearwas1920.ThecountrywastheUnitedStateso...
AHeroicWoman ThewholeoftheUnitedStatescheereditslatesthero,Ashle...
AHeroicWoman ThewholeoftheUnitedStatescheereditslatesthero,Ashle...
AHeroicWoman ThewholeoftheUnitedStatescheereditslatesthero,Ashle...
随机试题
血热妄行的出血可选用何类药 A、温经止血 B、化瘀止血 C、凉血止血
即使借款公司有明确的借款需求原因时,银行也要对其进行借款需求分析。()
男性,58岁。曾经患过肾脏疾病,之后血压持续升高,现检查血压190/112mmH
患者,男,48岁。眼睑、面部浮肿,逐渐波及下肢,小便量少,常感心慌、心悸,失眠。
在中国教育史上第一次明确提出“教学相长”思想的教育论著是()。 A.《论语》
《学记》上说:“不陵节而施”;这句话体现了()A.循序渐进的教学原则B.启发性教学原则C.因材施教的教学原则D.巩固性教学原则
“使初等教育免费并成为义务性质,使各种形式的中等教育普遍设立,并对一切人开放,使高等教育根据个人成绩对一切人平等开放,保证人人遵守法定的入学义务。”这句话...
反映毒物作用的指标是A.尿酚B.尿δ-ALAC.肝功能D.现场空气中毒物浓度E.有害作业工龄
对厚度为10m左右的淤泥质土层进行加固,下列加固工艺中不宜使用的是() A.堆载预压法B.真空预压法 C.强夯法D.CDM法
根据《堤防和疏浚工程施工合同范本》,工程预付款总金额一般为合同价款的()。 A.10%-20%B.20%-30% C.30%-40%D.4...