On Wed, 28 Nov 2007 19:28:50 -0800 (PST), datakoll
<
[email protected]> may have said:
>On Nov 28, 8:25 am, datakoll <[email protected]> wrote:
>> On Nov 27, 11:40 pm, "Bill Sornson" <[email protected]> wrote:
>>
>> > [email protected] wrote:
>> > > CLICK LINK
>>
>> > /Technically/ this is more on topic than Dough-for-Brains' latest foray.
>> > LOL
>>
>> > Bill "cash can buy bike ****" S.
>>
>> it's a parody on the mortgage crisis...
>
>its from a wall street firm.
Anyone can rent a mailbox on Wall Street and claim an address there.
It's via any number of operations like Mailboxes Etc, which show up as
a street address but are not actual points of physical presence of the
entity that eventually (if all goes as it is assumed to) receives the
mail.
>the scheme's failure was to bust before the next election.
>since when is a Ponzi scheme illegal?
Since before 1920. That's when when Charles Ponzi was convicted in
Boston of fraud for running the one that gave the category its name,
for one thing, and since *every state in the US* explicitly recognizes
by law that a pyramid (Ponzi) scheme is fraud by definition. (Ponzi
was first convicted of mail fraud in 1920 for taking funds in support
of the scheme via the US Mail; his 1923 conviction for the fraud
involved in the scheme itself just added to the total.)
--
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