My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam. (Mitchell Zuckoff)

My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.

Mitchell Zuckoff

Related topics

course favorite known lam miller money pay schemer using week year percent returns

Related quotes

After taking my B.A. degree in 1939 I remained at the University for a further year to take an advanced course in Biochemistry, and surprised myself and my teachers by obtaining a first class examination result.

Frederick Sanger

I think that in a year I may retire. I cannot take my money with me when I die and I wish to enjoy it, with my family, while I live. I should prefer living in Germany to any other country, though I am an American, and am loyal to my country.

Harry Houdini

Scientology, how about that? You hold on to the tin cans and then this guy asks you a bunch of questions, and if you pay enough money you get to join the master race. How's that for a religion ?

Frank Zappa

The entire economy, of course, is locked in a down cycle right now. Last time we weathered this was during another Bush presidency in '90. We were locked in it for a year and a half and everyone came out of it.

David Talbot

We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

David Dinkins