The biggest Ponzi scam in history was carried out by American banker Bernard Lawrence "Bernie" Madoff, who defrauded thousands of investors out of tens of billions of dollars over the course of around 17 years.
Madoff recruited investors by promising to provide significant, consistent profits using a legal trading approach known as split-strike conversion. However, Madoff put client money into a single bank account, which he then used to pay returning customers.
When the market drastically declined in late 2008, he was unable to continue the deception. He paid redemptions by luring new investors and their funds.
In the scam Madoff just put their money of the investors in a Chase Manhattan Bank account, which was later combined to form JPMorgan Chase & Co. in 2000.
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Answer:
B. Neither country could monitor all of the ports covered by the regulations.
Explanation:
This conflict occurred in early 1800s, during the Napoleonic war between two alliances. But French and British empire were considered to be the dominant forces.
At that time, both countries threatened each other that they will block their international trades through sea route.
Historians considered their threats "Paper Blockages" because none of them have enough ships to fully block all the ports. They only gave the threats to appear stronger but they did not possess enough resources to enforce it.
Because of this, their threat of blockade was seen as really weak, as weak as a paper. That's where the name came from.
Answer:
Carpathian Mountain and Transylvanina Alps
Answer:
What is secularism?
noun. secular spirit or tendency, especially a system of political or social philosophy that rejects all forms of religious faith and worship. the view that public education and other matters of civil policy should be conducted without the introduction of a religious element.
Answer:
Groundwater overdraft occurs when groundwater use exceeds the amount of recharge into an aquifer, which leads to a decline in groundwater level. This condition is occurring in an increasing number of groundwater basins throughout California, and is impacting the state in many ways. Groundwater overdraft occurs when the groundwater resources are used up more quickly than they are replenished. Groundwater overdraft can occur for a period of time without noticeable consequences, but eventually the aquifer will not be able to keep up with the rate of use as its water storage is depleted.
Explanation:
