Pang fraud is centenary

Author | Chen Da

Data support | Tick off a big data

The Christian era 1919 is exciting very. This year, it is chock with one war end, begin is idealism explodes the Parisian peace conference of the watch. A fire burned Zhao Jialou eastwards later, northerly will white hair is firing red hair, two when also burn the travel before giving the mankind cover a region. This is golden age, also be yellow towel times. And in troubled times, drunk like that American thought of to want pussyfoot.

Also be to be in this year, steely king Andrew · Carnegie dies. Before die, this millionaire of a before listing human history to go up 3 armour, contribute all oneself asset completely, to later generations plute people set an example naked contributed standard pose. He leaves a words of the deceased:

If a person is dead when still be a tycoon, so he dies discreditably. (The Man Who Dies Thus Rich Dies Disgraced. )

Build up from nothing be like,can accomplish this degree person, still have Luokefeile and Vanderbilt from of old, they achieved perfection in the profession of each comfortable iron and steel, oil and railroad. Although industrial in little also not each trying to cheat the other, exploit compresses, but after all the modernization that they gave the world to bring blind eye to see.

Also be 1919, coke Cola company appears on the market, IPO share price 40 dollars. Industrial with capital, make peace gets such flawless. At that time coke 40, centenary hind this one value 400 thousand. Everything is the most beautiful the fate brings lovers together it seems that.

Of course this times is not the ending like fairy tale, commonner is a disillusion of another current pointed old man in all corners of the country, as Xu Xiang the white unlined long gown like that fate -- build up from nothing, do big, hanged finally.

For instance Charles · Pang thises (Charles Ponzi) . 1919, cross beautiful interest secretly from Italy firm Pang Ci decides to fry a boss, housekeep. Before that he is all the time small mix, had hit miscellaneous serve to pass desk had washed a bowl, nocturnal sleep floor. A lot of the Laopang after year is right " new York Times " say:

When I come to this country, there are 2.5 dollars only in the pocket, but the hope for that there is a 1 million dollar in my head. And this hope for, all along have not leaves me far.

The 1 million dollar at that time, be equivalent to a of nowadays little cause about. Pang will be opposite place -- the whole world when those only beautiful interest firm realize his great hope for the most possibly for him. Steely, oil and railroad, the United States after be war of north and south is brought erupt type flourishs. To 1890, industrial production value of the United States already was things that are stale and unfasionable British empire double.

Of course American prosperity is lever type prosperity. To 1919, governmental debt of the United States rolls 27 billion dollar, debt / GDP comparing is 30% , after this rides absolutely dirt. These two numbers are in centenary hind it is respectively 22 trillion with 105% .

No matter be to increase taxation to still cut down expenditure to meet, can let a lot of people cry ache. Should borrow the big snowball with new old countervail to boil so, mean us to cannot let go in the winter, snow cannot be changed. This also makes the inning that gives similar Pang. Alleged and protracted problem arrives certain state, solve a problem namely actually.

Hoover ever irony ground says: The youth has good fortune, they will be successive the day of next governments estimates debt. The beautiful interest that comes in roll in the young Pang Ci below this period setting firm. And the first year of an era or the reign of an emperor that regarded Pang as fraud 1919, will be record in annals.

But in the Cheng Die that defeat chrysalis 1919 before, pang Ci leaves 2.5 dollars very close all the time, very far from 1 million dollar.

As a stowaway, just went to the United States when Pang Ci no more than is flounder at all sorts of livelihood that feed power, loaf. 1907, pang Ci moved culture to hand in miscellaneous Montreal, perfectness the work that the bank that he of 3 language is called Zarossi quickly in seeks flower law meaning to make offer to. Here, he also filled the illuminative course that capital runs:

"The saving interest rate of Zarossi bank is 6% , one times taller than other bank, result business is good to fly. Result business is good to fly..

Young Pang Ci accomplishs business manager. Arrive when calcaneal stand on tiptoe altitude, he saw the bad Zhang of bad debt dead Zhang of stretch to the horizon. The accrual of 6% is not to come from borrow at putting benefit is differred or yield, and the deposit that comes from Yu Xinjin purely. This also is the core business pattern of Zarossi. This kind of fraud, with Rob Peter To Pay Paul is called for English; Will tell with Chinese, make tear open east wall, fill on the west wall; Borrowing Pang Ci's light later, it name Pang fraud.

So the essence of Pang fraud does not depend on the high income with mysterious acceptance -- accrual of Zarroissi 6% deposit looks special environmental protection is harmless -- and depend on alleged " accrual " , originate completely the principal that receives Pan Xia. This mode wants the marrow that plays so that turn, be what prevent an accident to the utmost is big remove endowment. Because of this business moat, it is to find the core that relies on chart contributive person. Apply to P2P, same also.

Cruel thunder of Zarossi final nature, the boss coils the fund escapes to Mexico. Run to the American that makes an issue now continuously road, mexico remains the first option. Run probably the correct pose of the road is Xiang Na, laos of Vietnam of Thailand of no less than is we run the first choice of the road. And impecunious Laopang stays behind Zarossi Bao Lei, of have no way out disconcerted force tiredly eventually the convict gene inside body of at present giving Pang, he embezzles the check of others drove 423.58 dollars to oneself.

The result is sentenced put in prison 3 years.

The Pang Ci after punishment is full returned the United States, be involved in of ground of his what aspire is an upright person afresh without a stop the Italian crosses one picket secretly in the case.

The result is sentenced again put in prison two years.

Besides chronic crime, pang Ci is the person of a nature goodness probably. Two things are card: 1. Boss of Zarossi cruel thunder runs alone road, pang Ci takes care of outcast employer family of one's own accord, this makes hold in the palm wife display child show friendship therefore; 2. He ever was duped in some mine protect worker worker, not quite the colleague of acquaintance by burn, free of Pang at present contributed him to make an appointment with the skin of volume of screen of a jotter, became an operation to her.

In 5 virtuous gentleman that emperor ever said finally: Life is not be apt to and evil, just be to hold be apt to and evil place.

After 50 years 1969, nixon takes office as American president, 11 successes ascend Apollo month, armstrong took a stride on behalf of the mankind. And the world debt of government of United States of bureau of the first Pang, had rolled 354 billion dollar to 1969, national debt / GDP is compared 35% .

The political bequest of final nevertheless Nixon is " I am not cheater " from argue, and the person that Apollo ascends a month to also be plotted to talk considers as day of a Jing fraud. One this year feline king had a Jinqu to develop Billboard a list of names posted up head, cry " the heart of doubt " (Suspicious Minds) . Have so two words:

We Can't Build Our Dreams?

On Suspicious Minds.

This word lets me remember a lot of " adviser " ever had told us: Want cruel rich, want oneiromancy, do not want extremely suspicious.

Namely this year, mai Daofu of · of uncle accept heart (Bernard Madoff) virgin stockjobber becomes city in powdery weak market, his company support licks lap the OTC that a few big companies do not look to go up trades, and hold concurrently to do a few small account of kin friend, in wall street stand firm calcaneal.

The wall street when those or " white shoe the world " -- " white shoe " (White Shoe) the mark that is evergreen cane graduate in those days matchs, extend the meaning is elitism after, with " blue blood " synonymous. For instance the tip is cast can be called all right white shoe company. But white shoe company ignores small white business. The OTC stock of the low end that then those did not hang out those shingle, meet be divided up relative to the small company of poor and lowly by a few one's previous experience.

The Mai Daofu of of humble birth saw tremendous business chance from OTC. The business becoming city to reach place with button (call expert Specialist) stand up to sb as an equal, his company serves as pioneer, applied an electron to trade system; Mai Daofu sees the electron is changed beforehand trade system the revolution on OTC, this is him the artificial intelligence dream of that time.

And this system is cruel later grow, blossommed finally Nasidake.

Change besides the electron beyond, laomai still fumbles give a catchy commercial pattern, when this mode leaves job of American negotiable securities to me all the time still be current. This plays a law to call Pay For Order Flow, means serves as the business that become city, he can give will trade the rake-off of certificate business brushstroke that order Route clinchs a deal to his hand (it is a 9 cent money commonly) , will attract discharge. He is met finally to negotiant collection Spread of a huge (valence is poor) , enough earns a sales commission. And this kind of practice is completely legal.

Recumbent electron trades + Pay For Order Flow, mai Daofu is in wall street feel just like a fish in water.

The Jewish rich generation that so before half paragraphs of Mai Daofu are a typical success, build up from nothing, do do greatly strong. One of founders that he likes to advertise his is Nasidake -- Mai Daofu's company is the Nasidake's biggest business that become city for a time, the chairman of board of directors that he once also was Nasidake -- also not be nonsense.

Arrive all the time century big fraud by debunk before, his life looks clinking brightness, his bearing looks extremely unruffled. Old Mai Po is contented: After all I am Nasidake's father.

Time is returned afresh Spring 1919, be released from prison the boss that 37 years old of old Pang Ci decide him discharge holds farther-in-law concurrently, leave the variety shop that he works. He rented a small office in Boston, every day answer dish all sorts of trade pattern, continue do sth over and over again he the big hope for of that 1 million dollar.

I believe the history is full of probable sex.

Our schoolbook advocate is deterministic, for instance historical teacher ever taught us, the Second World War erupts necessarily, this is the inevitable result of the world situation of at swords' points. Contemporary historian basically can agree with this kind of viewpoint to be talk nonsense. Later cold war situation more at swords' points, but come without 3 battle. If you are hep beginning and end of Cuba missile crisis, can burn one column Gao Xiang to probable sex. And if hope to be strapped especially in those days art verify a success, we won't have big probability in this parallel universe World War II.

And historical probable sex of Pang Ci, happen in one of these day he receives a letter that comes from Spain, and there is a piece in the letter " international is postal certificate of letter in reply " (International Postal Reply Coupon) . This piece of certificate, you spend 3 wool money to be bought in Spain, be in the United States to be able to change the stamp of 5 cent, rate of exchange is locked up dead by international treaty. But Spanish money compares tower of a place of strategic importance and dollar is not 6: The exchange rate of 1. So you understand, pang Ci thought of to cover interest.

Theoretic, you take a dollar to change Bisaida, run next Spain buys ticket of letter in reply, farewell changes a stamp to the United States, do not calculate traffic cost, can earn 10% . The get riching that this is sudden crank of Pang at present drop. But if you implement this idea really that 2, wait for you to do decided supply catenary and content drift net, cost also ate off the profit of 10% .

But this remains to go to the lavatory hawked idea -- straight Bai Yi understands, old little all appropriate. Pang Ci concludes, economy differs the country that the money devalues more more, I go buying certificate of letter in reply to be able to cover higher profit, highest profit can be amounted to 400% . Between the lines was full of economics logic and country trade concept. Of course these are sweetgrass not be cherry, the key of whole thing is, pang Ci is affirmatory, if investor money invest in his stamp arbitrage, so:

Invest time 90 days, can achieve the earnings of 50% .

Pang Ci upgraded further later his acceptance:

45 days of deadline, 50% accrual.

The stamp covers benefit expert Pang to this next, nature is to groom division of conduct financial transactions, develop pyramid. He gives the give confidential instruction, sale that grooms personally 10% deduct a percentage from a sum of money, so tall commission nature gives a sale again people the space that development gets offline, then layer upon layer advance, small business fission. Arrived the intense heat of summer comes loose retreat, during Qiu Qudong comes, the cash of investor flows begin to love to be like tidewater it surrounds us.

Even " Bostonian times " publish a report, old law of a flourish of trumpets Pang. Blow in Pang of article below, have the ad of a small some bank: This bank annual interest 5% . Acid is old later, a lot of people consider as " Bostonian Post " final expose Pang fraud, dan Jiming bright ever help a tyrant to do evil.

(on July 28, 1920 " Bostonian Post " . The caption above is " Pang Ci paid 1 million dollars to investor " , liquidity of means Pang at present is good. )

Pang Ci recollects later: Investor is like heavy traffic, 4 people one, from city hall, discharged school street, discharged Nile building then, on stair, in footpath, watertight, discharge my office all the time. Everybody has same thing only in the eye, everybody resembles bedlamite of a money it seems that (Money Madness) .

Investor all sorts of people of Pang Ci, blue collar, priest, politician, housewife, Bostonian house distinguisheds family. In the day of highest light, the Bostonian police of 75% cast Qian Jin. All golden hill that these people gave Pang to bring a 20 million dollar.

Again and again, cormorant sex resembles answer read we tell ceaselessly like machine -- the person is how to can abandon common sense at disregarding, go believing a clinking absurd gives birth to money shortcut. There is a view to call Too Good To Be True in English -- look honest too beautiful, so that may be true thing far from.

But no matter look much the fraud of mental retardation, total also somebody scramble for sth. This is not intelligence quotient certainly low, however because:

MONEY MADNESS.

Arrived 80 time, father Mai Daofu of Nasidake, the company had accomplished button to reach place of 5% trade quantity. Light becomes city this one is absolutely vivid, can earn a 100 million dollars every year for Mai Daofu.

So nobody knows Mai Daofu, why to want to begin the show of practise deception, include him himself. After the event him also ground of tearful eyes dancing expresses: My money has not been over to the flower more, you say me this is graph what. Legerdemain most the camouflage of acme, do not look for even him cheater to give the motive of own commit primes namely, that leek people natural more search to be not worn north.

But no matter stem from what motive, anyway he is to did not satisfy skill " the tip does town business " , " the electron trades precursory " , " Chairman Nasidake " good shop sign, be in to be able to lie on the node that wins life, he still is bent on keeping giving a shop sign, even if be,go out old 1000.

Same also the fraud that nobody knows to Mai Daofu is when to begin him after all. He is candidly controlled 1991, but his account manager comes out to show evidence says the earliest can restrospect to 1970. At the beginning the fund that Mai Daofu receives small circle of people of his relatives and friends only; Receive the beneficent fund of recommend of a few classics later again; Receive orgnaization of a few large investment later again, the bank that includes global each district and to pouring fund.

He receives the fund of on bended knees only almost, and very carry feed. Infiltrate Judaic after the palmy beach club that old man gathers together, antenna of its person arteries and veins is wider, all corners of the land, arrive directly at horizon. He also does not see investor almost, maintain uncanny sense painstakingly. If you did not nod setting, mai Daofu leads the money that does not want you probably. Because press asset management scope, mai Daofu's fund is in those days world first is right strong fund.

As to the strategy of fund, mai Daofu has talked exclusively, be called Split Strike. Make much basket namely blue chip, sell at the same time piece bullish period authority, the right gold that reoccupy trades buys right of period of be expected to fall. This is the strategy of space of fluctuation of share price of an alienate oneself, can reduce wave motion really, but do not run to cross grail for certain almost in bovine city.

However, what Mai Daofu gives out is to pass through Niu Xiong's dip inserts the sky 30 degrees continuously, year turn profit 10% , wave motion is done not have basically.

Of course, the early of wheat path husband of real world has not been held dish, you want earnings, he digs to give you. In fact, money is to be in Magendatong is blowing your grandfather in the deposit account of the bank I am caring about the ox that misses dish of action to force.

Sum up, of Pang fraud upgrade fraud of edition wheat family name, have the following characteristics:

1.Investment strategy and the secret recipe that compare Coke Cola logically are secret still, and cannot ask; You ask, he asks in reply even you: Explore is my trade secret why harbour intentions wow?

2.Return rate is acceptable and reasonable, fertilizer is thin appropriate, cut leek hard one minute less, much cent is frightened fly old bird.

3.Carry this yield for years, iron and steel is straight male, standard deviation is small to let a person fear, ignore the market, reject to answer remove.

4.Elite club, VVVIP. Do you seek investment of my wheat father? Not, you are to look for surrender of my wheat father.

The aureola that wheat as form of a address for an official or rich man is this fraud can the biggest reason that final name engraves Jinisi. Because, "He is the sort of person that can help you profiteer it seems that.

But the fraud of Charles · Pang Ci, in the final analysis still compares mental retardation, he of one's previous experience of small a wretched-looking tramp who lives by begging or stealing also does not have annulus of bias light compensation,

For instance, the Qian Jin that wants contented and all investor covers interest into the stamp, you need to Buddhist nun of a Tai Tan overcomes a replete stamp certificate of letter in reply, go there and back between Atlantic; Again for instance, must want to have 160 million pieces of stamps on the market certificate of letter in reply is current. But the data with post-office basis, the altogether on whole market has 27000 pieces only. In fact Pang is whole certificate of all letter in reply in company assets, altogether is worth 61 dollars.

" Bostonian Post " investigate very closely associated with each other, doubt article is like emmagee, public feelings brought about finally also the attention of inquisitor. Old Pang Ping " the nerve like iron and steel " , decide book of Zhang of lay open company cooperates to investigate, stop to accept new fund. Negative report and the hearsay that Pang Ci is about to close, lift mad tide of a run on a bank eventually, the 2 million dollar inside 3 days is carried.

During be kept constantly on the run for a run on a bank in Pang Ci, " Post " gouge he in those days the melon of pilfer spending bill, match a graph to be illuminated into inspect; Last government auditor also announced a result: The Zhang face deficit of company of Pang at present is 7 million dollar. Laopang is arrested eventually, meantime face brings a smile.

photograph comparing, mai Daofu's fraud can have in him unripe year by debunk, be not actually inevitable. If you are the first dimensions of world is opposite,pour fund, and at the same time you are Pang fraud, actually you return pretty safety. Although final you disclose certainly, but whether to have in you unripe year disclose and bad to say, because capital is measured too big and investor answer cast rate is too high, pay fragmentary accrual and remove Zi Chaochao superabundant.

Protracted problem arrives certain state, solve a problem namely actually.

Mai Daofu's outstanding achievement, see basket ball game discover a brother to cast 3 cent balls to hit the target like you rate 90% , your the first reaction should be to lie groove has bluff somebody into giving information. Not be to do not have a person to had investigated Mai Daofu so, the fund that has pair of Mai Daofu from 1992 in fact and its Feeder Fund (child fund) investigation had not been broken, 1999, 2000, 2004, 2005, 2006 year have, but SEC objects. Have SEC this pig adversary is in, so Mai Daofu returns pretty firm.

Khrushchev ever said: Berlin is western spermary, every time I want to let Hesperian frightening cry, I hold Berlin. If you want to go,contuse with manage the self-respect of SEC, that looks for it to talk about Mai Daofu, mai Daofu is the egg of SEC.

But wheat father still is finally before demit world play, because hundred years do not encounter financial crisis came unexpectedly 2008. The times everybody of fluidity panic highs oneself, arrived in December, investor asks to smoke endowment 7 billion dollar, and right now in bank account of Mai Daofu remnant is insufficient 300 million.

The Laomai of final have no way out to two sons (hind confirm pair of hoax unexpectedly not know the inside story) honest, "Whole thing is a massive fraud " . The son of two filial and rich sense of justice turns the head signs up for an official instantly, very fast Mai Daofu is caught, meantime bearing is unruffled. After all, he is firm debus the psychological burden of a 65 billion dollar.

Mai Daofu says from argue: I also am sincere letter investment at the beginning, but outstanding achievement not beautiful, feel to cannot I am sorry investor ah, the result also did not think of to cheat gave Jinisi to record, I also am to be forced but. -- this also is to be what endowment to run line of business " purify firm add " the reason of no time to delay. Come you are firm add, you are Cost Of Capital, that other venture capital still did not appreciate; 2 come you are firm add, obviously at the beginning you are fine home, but you always have when just going out, can force fine is prostitute right now.

Of course the cheater of this kind of level, more or less a few turn over social character, cheat oneself also believe thoroughly finally, look around innocent. Although disclose thoroughly to finally,resemble Nixon, fill even -- " I am not a cheater " . Mai Daofu is torturous in jail be over a verdict gets after his soul: Hum, actually I am a good person.

Lie groovy old driver you this is to driving still joking.

No less than is laic all one die, bao Lei is the fate that Pang cheats.

Final point explodes Pang cheats also no more than is so a few plays: 1. Do bureau person run road; 2. Do bureau person capital ruptures; 3. Exterior revulsion is brought about do bureau person shock. Although I can say or state with certainty,Pang cheats regular finally meeting to explode, but can not guess when can explode, become especially fall victim small sheep people still be in ceaseless answer cast. Character of place of above paragraphs of no less than, if do not have 2008, mai Daofu also may not is hanged.

So year of unripe our visibility card resembles Mai Daofu the Pang of this kind of level is cheated explode, be a kind those who eat melon is lucky.

In the final analysis, fraud scenic center is standing commonly an exceeding narcissism is mad, it is antisocial actor. Him at present that be like Pang place character: I give this world this good play that see, be worth at least 15 million. What he says is right. A cheater is occasionally right the illuminative action of whole society, more far-reaching than piling the influence of ideologist.

From 1919 since centenary, baronial and narrative level produced the structure of surging forward with great momentum to change, but the selfishness of popular feeling and greedy extend are ancient changeless, and be in with respect to dreariness awfully Money Maddness, see get rich opportunity, produce a kind immediately " went to work not to talk before such opportunity " illusive. Gather together wildly so all sorts of fraud and all sorts of bubble, final Bao Lei finishs sth.

1.Of accrual and wave motion than very tall, namely Xia Pu rate is exorbitant, and ignore the market. Because your Xia Pu is tall, or is high income low wave motion, or is small profit does not have wave motion, it is Red Flag;

2.Invest strategy black box, those who invest mark is unidentified.

1 or 2, the likelihood is Pang is cheated; And 1 and 2, it is Pang is cheated necessarily almost.

And to compatriots character, although have not appear,the fraud of level of wheat path husband discloses, but cannot too hopeful. Ever listened to old man of some illicit collect to had said: I never had seen a country resembles us same, four hundred million and ten people make money when belief. He is to send feel from ground of the bottom of one's heart this country is right of fortune hold read aloud too terrible, to seek money what bottom line can fall into enemy hands. P2P overruns even if one paradigmatic.

How many capital fund is there in whole industry already is Pang changed? This problem nobody can answer. And there is how many person to still be in dead again in whole industry maintain tumbledown heavy snow ball, cannot let go in the winter, snow cannot be changed, because be changed,be an avalanche.

And lie between beautiful interest of foreign far view when us the hundred years history of firm Pang fraud -- the Pang of trumpet is cheated transitory, middle-sized can maintain several years, and the most good-sized look at present still as stable as a mountain. We tell ourselves: Fasten confused.

After all, protracted problem arrives certain state, solve a problem namely actually.

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