The document discusses various Islamic financing products available through Oracle's FlexCube system. It provides details on contracts like Wakala, Murabaha, Mudarabah, Musharaka, Istisna, Ijarah and others. It describes the key features of each type of contract including how the financing is structured, treatment of profits, asset ownership and other terms. The document is intended to outline the capabilities of FlexCube for banks offering Islamic financing options to their customers in compliance with Sharia principles.
This document discusses various types of business loans including short-term loans like inventory loans, working capital loans, and construction loans as well as long-term loans like term business loans and project loans. It also covers analyzing business loan applications by examining financial statements and calculating financial ratios to assess the borrower's expense control, operating efficiency, profitability, liquidity, and ability to repay the loan. Key factors considered include earnings coverage of interest, expense management, asset utilization, marketability of products, and historical profit trends.
Unit 1.3 SMBL Products and Services (Islamic)Asad Hameed
This document provides information on various Islamic banking products offered by Summit Bank including liability products like current accounts, savings accounts, and certificates, and asset products like murabaha, ijara, and diminishing musharakah. For each product, the document outlines the underlying Shariah contract, key features, and steps in documentation. It also provides dos and don'ts for proper implementation of the products in accordance with Shariah principles.
This document describes the features and parameters of the Oracle Leasing product. It covers topics like leasing concepts, product features, parameters, events covered, reports supported. Key parameters include interest calculation methods, payment types, asset preferences, subsidy types, liquidation modes, and component types. It provides details on recomputation of schedules for events like amendments and prepayments.
1. Accounting provides financial information about a business to internal and external users through managerial and financial accounting.
2. Managerial accounting provides information to internal users to help manage the business, while financial accounting provides external users with general purpose financial statements.
3. Financial statements like the income statement, balance sheet, statement of owner's equity, and statement of cash flows are prepared using generally accepted accounting principles to communicate key financial information.
The document discusses working capital management. It covers internal and external factors that affect working capital needs, managing liquidity through liquidity ratios and cash flow cycles, investing short-term funds, managing accounts receivable, inventory, accounts payable, and short-term financing sources. The document provides examples and formulas for calculating liquidity metrics, cash conversion cycles, and costs of short-term borrowing.
This document discusses working capital management. It covers:
- The goals of working capital management are adequate cash flow and productive use of resources. Internal and external factors affect working capital needs.
- Liquidity management requires addressing factors that delay cash collection or result in early cash payments. Primary sources of liquidity are cash balances, short-term financing, and cash flow management. Secondary sources include renegotiating debt or selling assets.
- Operating and cash conversion cycles measure how long it takes for inventory investment to generate cash. Longer cycles require more liquidity. Ratios are used to evaluate accounts receivable and inventory management.
Geo Livi has over 8 years of experience as a Temenos T24 consultant specializing in the retail banking module. He has extensive experience in business analysis, solution design, developing technical specifications, and managing implementation projects. Some of his project experience includes implementing product bundles and broker commissions for various T24 clients as well as performing an upgrade for Hypo Group Alpe Adria and providing support for the implementation at North Shore Credit Union, the first client to use T24's arrangement architecture module.
This document discusses various aspects of working capital, including:
1) It defines working capital as funds used to finance current assets like inventory, receivables, and cash required for day-to-day business operations.
2) It explains the operating cycle as the process by which cash is converted to raw materials, work in process, finished goods, receivables, and then back to cash.
3) Various methods of assessing working capital requirements are discussed, including the operating cycle method, projected balance sheet method, and cash budget method.
4) Sources of working capital like bank loans, trade credit, and overdraft facilities are also outlined.
This document discusses various types of business loans including short-term loans like inventory loans, working capital loans, and construction loans as well as long-term loans like term business loans and project loans. It also covers analyzing business loan applications by examining financial statements and calculating financial ratios to assess the borrower's expense control, operating efficiency, profitability, liquidity, and ability to repay the loan. Key factors considered include earnings coverage of interest, expense management, asset utilization, marketability of products, and historical profit trends.
Unit 1.3 SMBL Products and Services (Islamic)Asad Hameed
This document provides information on various Islamic banking products offered by Summit Bank including liability products like current accounts, savings accounts, and certificates, and asset products like murabaha, ijara, and diminishing musharakah. For each product, the document outlines the underlying Shariah contract, key features, and steps in documentation. It also provides dos and don'ts for proper implementation of the products in accordance with Shariah principles.
This document describes the features and parameters of the Oracle Leasing product. It covers topics like leasing concepts, product features, parameters, events covered, reports supported. Key parameters include interest calculation methods, payment types, asset preferences, subsidy types, liquidation modes, and component types. It provides details on recomputation of schedules for events like amendments and prepayments.
1. Accounting provides financial information about a business to internal and external users through managerial and financial accounting.
2. Managerial accounting provides information to internal users to help manage the business, while financial accounting provides external users with general purpose financial statements.
3. Financial statements like the income statement, balance sheet, statement of owner's equity, and statement of cash flows are prepared using generally accepted accounting principles to communicate key financial information.
The document discusses working capital management. It covers internal and external factors that affect working capital needs, managing liquidity through liquidity ratios and cash flow cycles, investing short-term funds, managing accounts receivable, inventory, accounts payable, and short-term financing sources. The document provides examples and formulas for calculating liquidity metrics, cash conversion cycles, and costs of short-term borrowing.
This document discusses working capital management. It covers:
- The goals of working capital management are adequate cash flow and productive use of resources. Internal and external factors affect working capital needs.
- Liquidity management requires addressing factors that delay cash collection or result in early cash payments. Primary sources of liquidity are cash balances, short-term financing, and cash flow management. Secondary sources include renegotiating debt or selling assets.
- Operating and cash conversion cycles measure how long it takes for inventory investment to generate cash. Longer cycles require more liquidity. Ratios are used to evaluate accounts receivable and inventory management.
Geo Livi has over 8 years of experience as a Temenos T24 consultant specializing in the retail banking module. He has extensive experience in business analysis, solution design, developing technical specifications, and managing implementation projects. Some of his project experience includes implementing product bundles and broker commissions for various T24 clients as well as performing an upgrade for Hypo Group Alpe Adria and providing support for the implementation at North Shore Credit Union, the first client to use T24's arrangement architecture module.
This document discusses various aspects of working capital, including:
1) It defines working capital as funds used to finance current assets like inventory, receivables, and cash required for day-to-day business operations.
2) It explains the operating cycle as the process by which cash is converted to raw materials, work in process, finished goods, receivables, and then back to cash.
3) Various methods of assessing working capital requirements are discussed, including the operating cycle method, projected balance sheet method, and cash budget method.
4) Sources of working capital like bank loans, trade credit, and overdraft facilities are also outlined.
Islamic banking is based on Islamic law and prohibits interest. It operates using profit-and-loss sharing contracts instead of interest-based loans. The two main principles are sharing of profit/loss and prohibition of interest. Islamic banks have grown significantly around the world, especially in the Middle East, Southeast Asia, and some parts of Europe. They offer products like mudarabah, musharaka, murabaha, and ijara. The key difference from conventional banks is the prohibition of interest and focus on risk-sharing rather than guaranteed returns. Morocco is encouraging the growth of Islamic banking by establishing new Islamic banks and windows and developing its Islamic financial market.
Liquid Capital provides financing solutions like factoring and purchase order financing to help businesses improve their cash flow. They have a network of over 80 offices in the US and Canada that have collectively handled $500 million in financing. The document introduces Scott Kaufman, owner of the local Liquid Capital franchise, and provides an overview of the factoring and purchase order financing services Liquid Capital offers.
Islamic banks make money through various Sharia-compliant financing contracts that do not involve interest, including deferred sales contracts like murabaha and istisna'a, and profit-and-loss sharing contracts like mudaraba and musharaka. Murabaha involves the bank purchasing an asset for a customer and reselling it at a markup. Mudaraba is a partnership between the bank and an entrepreneur where profits are shared according to a predetermined ratio but losses are borne solely by the bank. These contracts allow Islamic banks to finance various products and services like mortgages, working capital, and car/equipment purchases in a way that is permissible under Islamic law.
The document discusses financing for construction businesses and property developers. It notes that construction businesses require financing for equipment, materials, labor costs, and dealing with delayed payments from clients. Property developers also have cyclical cash flow needs to fund development projects over multiple years. The document recommends that banks structure financing for both types of businesses as long or medium term loans, overdrafts, and guarantees to match the nature and timelines of development projects. Disbursements should be tied to project milestones and repayments to certification and payment schedules.
This document provides an overview of international business and trade finance facilities. It discusses the rationale for international business, key characteristics and challenges. It also explains various trade finance facilities and services offered by banks to facilitate international trade, including letters of credit, bills of exchange, guarantees, and factoring. The roles of important players like exporters, importers, banks and governments are also summarized.
Banco Popular provides comprehensive retirement plan services including trustee services, recordkeeping, investment management, education, and online tools. Their Popular Master Plan offers a turnkey retirement solution for employers through a pre-qualified prototype plan. Services include daily account valuation, compliance reporting, enrollment support, and a diversified investment menu. Clients benefit from fiduciary guidance, low costs through consolidation of services, and the assistance of a dedicated account officer. Banco Popular has over 50 years of experience in Puerto Rico managing retirement plans.
The purpose of this presentation is to study A Pioneer Islamic Bank that is considered One of the most important private commercial Islamic Banks since establishment.
The study will cover the various categories of services and activities undertaken by the bank as an Islamic financial intermediary.
This analysis, also, examines the relation between the theory of Islamic banking and the real practices and highlights the dichotomies, if any.
The name of the Bank has been left intentionally anonymous for reasons of privacy protection.
This is a presentation on Mutual Fund. The presentation will give you an understanding of Mutual Funds. It also speaks on the benefits and challenges of Mutual Funds.
A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets.
The document discusses the need for and sources of finance for businesses. It explains that businesses require funds to purchase assets and inventory before earning income from sales. There is a growing need for finance as businesses have become larger in scale and more complex. Finance can be classified as fixed capital for long-term assets or working capital for short-term needs. Companies can raise capital through equity shares, preference shares, debentures, loans, trade credit, and retained earnings. The optimal capital structure balances different sources of financing.
This document provides information on deposit accounts and liability products offered by an Islamic bank. It discusses current accounts, which are based on the principle of qard and cannot provide benefits to account holders. Savings accounts like bachat savings and daily savings accounts are based on mudaraba contracts between the depositor and bank. Other products discussed include Islamic savings certificates, young bee savings for minors, and hamara family savings accounts. Guidelines are provided around offering value-added services to current versus mudaraba-based accounts to remain compliant with Shariah principles.
Today more than ever, corporations are faced with a vast array of choices about where to invest to grow and prosper. There are also mounting pressures to perform and little room for errors when deciding on their portfolio’s investment mix. Poor project management can lead to huge financial losses and increased risk. Executives and senior managers are learning how effective project portfolio management is a key ingredient to building value while taming uncertainty, not to mention preserving their own reputation and tenure.
Paul Neveu and Elizabeth Kaido gave a presentation on broadening the scope of retirement plan businesses. They discussed different plan types including bundled DC and cash balance plans, company stock plans, ESOPs, kSOPs, and prevailing wage plans. They provided an overview of each plan type and identified opportunities for advisors to grow their practices.
It is well known that interest-based banks accept deposits of different maturities, paying different rates of interest on different kinds of deposits. Islamic banks do not pay interest on deposits. How Islamic banks operate different kinds of deposits
Applying cash flow management strategies part 1 score 12-2-19 final 11-25-19ChloePastorelli
This document outlines topics that will be covered in a two-part presentation on applying cash flow management strategies. Part I will discuss profit versus cash flow, cash flow cycles, key ratios like leverage and debt service coverage, income statements, balance sheets, and statements of cash flow. Part II will cover creating business plans and projections, debt structure strategies, criteria lenders consider, and presenting loan requests to lenders. The document provides definitions and strategies for managing inventory, accounts receivable, accounts payable, liquidity, and reasons why businesses often fail.
This document discusses the process of conducting a feasibility study for a new business project. It covers:
- Conducting a market study to establish demand for the product before undertaking a costly feasibility study.
- The feasibility study involves technical and economic feasibility analyses to evaluate the project's location, manufacturing process, costs, and viability.
- After feasibility is established, the promoter determines the project's total cost and financing plan, which includes equity, debt, and other sources of long-term capital.
- Various methods of evaluating investment returns, like payback period and internal rate of return, are used to assess the project's attractiveness.
NPA in Indian Banking Industry, Analysis of Bankruptcy Code, Resolution mechanism through Asset Reconstruction Company (including Valuation Techniques)
Islamic banking is a system based on Islamic law that prohibits interest and involves profit/loss sharing. It has grown strongly in recent years across Asia, the Middle East, Europe and Africa. Islamic banks offer products like mudarabah, musharaka, and murabaha that comply with Shariah law. They differ from conventional banks in their risk sharing approach and prohibition of interest and speculative activities. Morocco has encouraged the growth of Islamic banking by allowing new Islamic banks and windows and plans to develop its Islamic financial market.
The document discusses various principles and forms of lending by banks. It explains that bank lending involves granting credit to borrowers at interest, based on collateral security to be repaid later. The key principles of sound lending are safety, liquidity, dispersal, security, and remuneration. The main forms of lending discussed are cash finance, overdrafts, loans, purchase and discounting of bills, and hire-purchase and leasing finance.
- Hexagon Broking Private Limited is a portfolio management firm established in 2010 that currently manages over 98 crores in assets.
- The company offers a range of investment and financial services including mutual funds, insurance, loans, and customized financial planning.
- Mutual funds allow investors to pool their money into a fund which is then professionally managed, providing benefits like diversification, liquidity, and tax efficiency.
How to Invest in Cryptocurrency for Beginners: A Complete GuideDaniel
Cryptocurrency is digital money that operates independently of a central authority, utilizing cryptography for security. Unlike traditional currencies issued by governments (fiat currencies), cryptocurrencies are decentralized and typically operate on a technology called blockchain. Each cryptocurrency transaction is recorded on a public ledger, ensuring transparency and security.
Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
The Rise and Fall of Ponzi Schemes in America.pptxDiana Rose
Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
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Similaire à oracle on Islamic basic principle of financing.pptx
Islamic banking is based on Islamic law and prohibits interest. It operates using profit-and-loss sharing contracts instead of interest-based loans. The two main principles are sharing of profit/loss and prohibition of interest. Islamic banks have grown significantly around the world, especially in the Middle East, Southeast Asia, and some parts of Europe. They offer products like mudarabah, musharaka, murabaha, and ijara. The key difference from conventional banks is the prohibition of interest and focus on risk-sharing rather than guaranteed returns. Morocco is encouraging the growth of Islamic banking by establishing new Islamic banks and windows and developing its Islamic financial market.
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Islamic banks make money through various Sharia-compliant financing contracts that do not involve interest, including deferred sales contracts like murabaha and istisna'a, and profit-and-loss sharing contracts like mudaraba and musharaka. Murabaha involves the bank purchasing an asset for a customer and reselling it at a markup. Mudaraba is a partnership between the bank and an entrepreneur where profits are shared according to a predetermined ratio but losses are borne solely by the bank. These contracts allow Islamic banks to finance various products and services like mortgages, working capital, and car/equipment purchases in a way that is permissible under Islamic law.
The document discusses financing for construction businesses and property developers. It notes that construction businesses require financing for equipment, materials, labor costs, and dealing with delayed payments from clients. Property developers also have cyclical cash flow needs to fund development projects over multiple years. The document recommends that banks structure financing for both types of businesses as long or medium term loans, overdrafts, and guarantees to match the nature and timelines of development projects. Disbursements should be tied to project milestones and repayments to certification and payment schedules.
This document provides an overview of international business and trade finance facilities. It discusses the rationale for international business, key characteristics and challenges. It also explains various trade finance facilities and services offered by banks to facilitate international trade, including letters of credit, bills of exchange, guarantees, and factoring. The roles of important players like exporters, importers, banks and governments are also summarized.
Banco Popular provides comprehensive retirement plan services including trustee services, recordkeeping, investment management, education, and online tools. Their Popular Master Plan offers a turnkey retirement solution for employers through a pre-qualified prototype plan. Services include daily account valuation, compliance reporting, enrollment support, and a diversified investment menu. Clients benefit from fiduciary guidance, low costs through consolidation of services, and the assistance of a dedicated account officer. Banco Popular has over 50 years of experience in Puerto Rico managing retirement plans.
The purpose of this presentation is to study A Pioneer Islamic Bank that is considered One of the most important private commercial Islamic Banks since establishment.
The study will cover the various categories of services and activities undertaken by the bank as an Islamic financial intermediary.
This analysis, also, examines the relation between the theory of Islamic banking and the real practices and highlights the dichotomies, if any.
The name of the Bank has been left intentionally anonymous for reasons of privacy protection.
This is a presentation on Mutual Fund. The presentation will give you an understanding of Mutual Funds. It also speaks on the benefits and challenges of Mutual Funds.
A mutual fund is an investment vehicle made up of a pool of money collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and other assets.
The document discusses the need for and sources of finance for businesses. It explains that businesses require funds to purchase assets and inventory before earning income from sales. There is a growing need for finance as businesses have become larger in scale and more complex. Finance can be classified as fixed capital for long-term assets or working capital for short-term needs. Companies can raise capital through equity shares, preference shares, debentures, loans, trade credit, and retained earnings. The optimal capital structure balances different sources of financing.
This document provides information on deposit accounts and liability products offered by an Islamic bank. It discusses current accounts, which are based on the principle of qard and cannot provide benefits to account holders. Savings accounts like bachat savings and daily savings accounts are based on mudaraba contracts between the depositor and bank. Other products discussed include Islamic savings certificates, young bee savings for minors, and hamara family savings accounts. Guidelines are provided around offering value-added services to current versus mudaraba-based accounts to remain compliant with Shariah principles.
Today more than ever, corporations are faced with a vast array of choices about where to invest to grow and prosper. There are also mounting pressures to perform and little room for errors when deciding on their portfolio’s investment mix. Poor project management can lead to huge financial losses and increased risk. Executives and senior managers are learning how effective project portfolio management is a key ingredient to building value while taming uncertainty, not to mention preserving their own reputation and tenure.
Paul Neveu and Elizabeth Kaido gave a presentation on broadening the scope of retirement plan businesses. They discussed different plan types including bundled DC and cash balance plans, company stock plans, ESOPs, kSOPs, and prevailing wage plans. They provided an overview of each plan type and identified opportunities for advisors to grow their practices.
It is well known that interest-based banks accept deposits of different maturities, paying different rates of interest on different kinds of deposits. Islamic banks do not pay interest on deposits. How Islamic banks operate different kinds of deposits
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This document outlines topics that will be covered in a two-part presentation on applying cash flow management strategies. Part I will discuss profit versus cash flow, cash flow cycles, key ratios like leverage and debt service coverage, income statements, balance sheets, and statements of cash flow. Part II will cover creating business plans and projections, debt structure strategies, criteria lenders consider, and presenting loan requests to lenders. The document provides definitions and strategies for managing inventory, accounts receivable, accounts payable, liquidity, and reasons why businesses often fail.
This document discusses the process of conducting a feasibility study for a new business project. It covers:
- Conducting a market study to establish demand for the product before undertaking a costly feasibility study.
- The feasibility study involves technical and economic feasibility analyses to evaluate the project's location, manufacturing process, costs, and viability.
- After feasibility is established, the promoter determines the project's total cost and financing plan, which includes equity, debt, and other sources of long-term capital.
- Various methods of evaluating investment returns, like payback period and internal rate of return, are used to assess the project's attractiveness.
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Islamic banking is a system based on Islamic law that prohibits interest and involves profit/loss sharing. It has grown strongly in recent years across Asia, the Middle East, Europe and Africa. Islamic banks offer products like mudarabah, musharaka, and murabaha that comply with Shariah law. They differ from conventional banks in their risk sharing approach and prohibition of interest and speculative activities. Morocco has encouraged the growth of Islamic banking by allowing new Islamic banks and windows and plans to develop its Islamic financial market.
The document discusses various principles and forms of lending by banks. It explains that bank lending involves granting credit to borrowers at interest, based on collateral security to be repaid later. The key principles of sound lending are safety, liquidity, dispersal, security, and remuneration. The main forms of lending discussed are cash finance, overdrafts, loans, purchase and discounting of bills, and hire-purchase and leasing finance.
- Hexagon Broking Private Limited is a portfolio management firm established in 2010 that currently manages over 98 crores in assets.
- The company offers a range of investment and financial services including mutual funds, insurance, loans, and customized financial planning.
- Mutual funds allow investors to pool their money into a fund which is then professionally managed, providing benefits like diversification, liquidity, and tax efficiency.
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Cryptocurrencies can be used for various purposes, including online purchases, investment opportunities, and as a means of transferring value globally without the need for intermediaries like banks.
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Ponzi schemes, a notorious form of financial fraud, have plagued America’s investment landscape for decades. Named after Charles Ponzi, who orchestrated one of the most infamous schemes in the early 20th century, these fraudulent operations promise high returns with little or no risk, only to collapse and leave investors with significant losses. This article explores the nature of Ponzi schemes, notable cases in American history, their impact on victims, and measures to prevent falling prey to such scams.
Understanding Ponzi Schemes
A Ponzi scheme is an investment scam where returns are paid to earlier investors using the capital from newer investors, rather than from legitimate profit earned. The scheme relies on a constant influx of new investments to continue paying the promised returns. Eventually, when the flow of new money slows down or stops, the scheme collapses, leaving the majority of investors with substantial financial losses.
Historical Context: Charles Ponzi and His Legacy
Charles Ponzi is the namesake of this deceptive practice. In the 1920s, Ponzi promised investors in Boston a 50% return within 45 days or 100% return in 90 days through arbitrage of international reply coupons. Initially, he paid returns as promised, not from profits, but from the investments of new participants. When his scheme unraveled, it resulted in losses exceeding $20 million (equivalent to about $270 million today).
Notable American Ponzi Schemes
1. Bernie Madoff: Perhaps the most notorious Ponzi scheme in recent history, Bernie Madoff’s fraud involved $65 billion. Madoff, a well-respected figure in the financial industry, promised steady, high returns through a secretive investment strategy. His scheme lasted for decades before collapsing in 2008, devastating thousands of investors, including individuals, charities, and institutional clients.
2. Allen Stanford: Through his company, Stanford Financial Group, Allen Stanford orchestrated a $7 billion Ponzi scheme, luring investors with fraudulent certificates of deposit issued by his offshore bank. Stanford promised high returns and lavish lifestyle benefits to his investors, which ultimately led to a 110-year prison sentence for the financier in 2012.
3. Tom Petters: In a scheme that lasted more than a decade, Tom Petters ran a $3.65 billion Ponzi scheme, using his company, Petters Group Worldwide. He claimed to buy and sell consumer electronics, but in reality, he used new investments to pay off old debts and fund his extravagant lifestyle. Petters was convicted in 2009 and sentenced to 50 years in prison.
4. Eric Dalius and Saivian: Eric Dalius, a prominent figure behind Saivian, a cashback program promising high returns, is under scrutiny for allegedly orchestrating a Ponzi scheme. Saivian enticed investors with promises of up to 20% cash back on everyday purchases. However, investigations suggest that the returns were paid using new investments rather than legitimate profits. The collapse of Saivian l
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In World Expo 2010 Shanghai – the most visited Expo in the World History
https://www.britannica.com/event/Expo-Shanghai-2010
China’s official organizer of the Expo, CCPIT (China Council for the Promotion of International Trade https://en.ccpit.org/) has chosen Dr. Alyce Su as the Cover Person with Cover Story, in the Expo’s official magazine distributed throughout the Expo, showcasing China’s New Generation of Leaders to the World.