About: Ponzi   Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

In combat, he has Wormhole, Arcane Enchanted and Frozen Pulse affixes.

AttributesValues
rdfs:label
  • Ponzi
rdfs:comment
  • In combat, he has Wormhole, Arcane Enchanted and Frozen Pulse affixes.
  • Get Bob and Alice to both lend you money. Give Alice her money back, with the addition of some really good "interest" you took out of Bob's loan. Stall Bob. Go back to Alice a little later and see whether she can steer you toward a bigger loan. Alice can. In fact, she'll do it herself. She remembers that big payoff. Pay Bob with some interest you took out of Alice's latest loan, leaving Bob with a big smile. Wash, rinse, repeat. Echo the dollars back and forth between these two until one of them is comfortable with a really huge loan. Pocket the money, change your name, and move to another city.
  • After being chased out of a town, Ponzi runs across the Thundercats when one of the wheels on his cart breaks. Seeing that Pumyra's face is swollen, he gives them one of his potions in trade. Later, he sees the cat's tank following him. Fearing for his life (due to being chased by others in the past), he races his cart, trying to escape the cats. He crashes his cart, destroying the potions, which the cats were after, to use them against Mumm-Ra. When he realizes that the cats needed the potion to deal with Mumm-Ra, he offers to help them in exchange for their help (and a small fee).
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abstract
  • After being chased out of a town, Ponzi runs across the Thundercats when one of the wheels on his cart breaks. Seeing that Pumyra's face is swollen, he gives them one of his potions in trade. Later, he sees the cat's tank following him. Fearing for his life (due to being chased by others in the past), he races his cart, trying to escape the cats. He crashes his cart, destroying the potions, which the cats were after, to use them against Mumm-Ra. When he realizes that the cats needed the potion to deal with Mumm-Ra, he offers to help them in exchange for their help (and a small fee). During the course of this, Lucy ate the leaves necessary for the potion, which turned out to be a blessing in disguise, as she turned into a butterfly-like creature and drove Mumm-Ra away. Ponzi and Lucy then parted ways with the ThunderCats, with Lucy carrying Ponzi's cart into the air.
  • In combat, he has Wormhole, Arcane Enchanted and Frozen Pulse affixes.
  • Get Bob and Alice to both lend you money. Give Alice her money back, with the addition of some really good "interest" you took out of Bob's loan. Stall Bob. Go back to Alice a little later and see whether she can steer you toward a bigger loan. Alice can. In fact, she'll do it herself. She remembers that big payoff. Pay Bob with some interest you took out of Alice's latest loan, leaving Bob with a big smile. Wash, rinse, repeat. Echo the dollars back and forth between these two until one of them is comfortable with a really huge loan. Pocket the money, change your name, and move to another city. That's the core of a Ponzi scheme, making one mark's investment work to make another mark feel comfortable. Named after Charles Ponzi, who became famously rich using this scheme in 1920. He later became an economic advisor to Benito Mussolini, which might explain a few things about Fascist Italy. Most Ponzi schemes use much more than two people, and in fact depend on a constant influx of new people putting in money to pay the other ones. Indeed, a common name for Ponzi schemes is "rob Peter to pay Paul", as the principle is the same--except that today's Peter is tomorrow's Paul, until this grows unsustainable. May also be referred to as a Pyramid Scheme. The largest example ever was the $60,000,000,000 collapse of the firm of Bernie Madoff, whose operation was a classic Ponzi scheme. The Reverse Ponzi Scheme is actually a form of the Delayed Wire con. Examples of Ponzi include:
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