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scheme
A Ponzi scheme (, Italian: [ˈpontsi]) is a form of fraud that lures investors and pays profits to earlier investors with funds from more recent investors. The scheme leads victims to believe that profits are coming from legitimate business activity (e.g., product sales or successful investments), and they remain unaware that other investors are the source of funds. A Ponzi scheme can maintain the illusion of a sustainable business as long as new investors contribute new funds, and as long as most of the investors do not demand full repayment and still believe in the non-existent assets they are purported to own.
Some of the first recorded incidents to meet the modern definition of Ponzi scheme were carried out from 1869 to 1872 by Adele Spitzeder in Germany and by Sarah Howe in the United States in the 1880s through the "Ladies' Deposit". Howe offered a solely female clientele an 8% monthly interest rate, and then stole the money that the women had invested. She was eventually discovered and served three years in prison. The Ponzi scheme was also previously described in novels; Charles Dickens' 1844 novel Martin Chuzzlewit and his 1857 novel Little Dorrit both feature such a scheme.In the 1920s, Charles Ponzi carried out this scheme and became well known throughout the United States because of the huge amount of money that he took in. His original scheme was based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments to earlier investors and to himself. Unlike earlier similar schemes, Ponzi's gained considerable press coverage both within the United States and internationally both while it was being perpetrated and after it collapsed – this notoriety eventually led to the type of scheme being named after him.
Hi all
I can cert indirect unvented via gas safe but need to do a couple of directs. Gas safe won't allow this on their scheme.
What do you pay for your g3 self cert scheme if not via gas safe ?
TIA
The opportunity to claim online opened today chaps ugov website for details you need a government getaway id , utr and your national insurance number check out if you qualify every little helps . Good luck regards kop
Hi,
Thanks in advance, I’m not gas safe registered, but will be doing a G3 course to get my G3 ticket shortly.
After I get my G3 ticket, just wondered what schemes are available to sign up to to self certify, and what requirements do they need?
Thanks
Hi Guys
i just want to double check before i go ahead that i have this right, i have just gone on the flat rate scheme for vat and i have just realised that if i pick up and make purchase of a boiler for say £1000 from my supplier and only charge the customer the £1000 that i paid for it...
Morning guys, I'm trying to make some inquires regarding government funded boiler replacement schemes. My friend passed away recently, suddenly and unexpectedly leaving behind his wife and two young sons.
Before he died he was looking into replacing his boiler this summer and his wife wants to...
I see you can now buy non branded oftec CD10 forms via the Oftec website and they also come with Grant boilers.........but why?!
My understanding is you have to be Oftec registered to install oil boilers so why do they even give you the option to not use the Oftec books, as if your not...
Just fielding other opinions on this new gas safety compliance scheme from Capita:
[sorry - link to installeronline article was not permitted]
I find it confusing to have a second scheme run by the same company that runs the Gas Safe Register. The time and effort could have been put into...
Hi all,<br>
<br>
I'm part of the team running the Heating Installer Awards and wanted to give you some information to see if you might like to enter. <br>
<br>
We're on the hunt for the UK's Number One Heating Installer and thought there was nowhere better to find that person than here! <br>...
plumber_awards
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Hi,
This is my first post so please be gentle :)
Could someone please direct me to how/who I would speak to about the sponsorship scheme?
Thanks in advance
Ryan
Hi all,
Just recently received my self employment status, now also received a CIS letter. I sub alot for one guy who is not very good with book keeping. I absolutely do not want him deducting 20% which I shouldnt be taxed anyway since im nowhere near the taxation threshhold yet and wont be for...
Hi folks
I past my unvented awhile back (have the qualification and card). Am I correct in saying to install unvented system and sign it off, I must register with a competent person scheme, Such as APHC? Will i need this for just new builds or new installs or straight swapsBeing a small time...
Anyone know much about this ? Even though I don't like the 5 year acs surely this new scheme will allow companies just to sign off there gas engineers regardless of there competence level ? Let be honest there not going to stop them working resulting in them losing the company money. Think it's...
Just received Ray's new catalog and it claims the Eco range comes with a 10yrs warranty. I was going to order when I then realised that an expansion vessel has to be bought and fitted separately? The main reason for fitting a Combi is space saving as customer has little space in flat.
How can...
Really sorry for the long, probably stupid question................
After a bit of advice about dealing with the CIS scheme from both sides of the fence please.
I did a job for someone the other day and he wanted to pay me the invoice amount but less tax. From a brief look on the www it...
Anybody done any work through this. From what I've seen its ran by Npower.
They have emailed me today for an oil boiler change and wondered what there like.
Whats going on with their new debit card system? Couldn't see any problem with the old system, now you don't get an email to confirm warranty registration. I know the scheme is new but you would of thought they would get it right considering the web site was offline for a month........ Rant...
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