Charles Ponzi’s name will be forever associated with the financial fraud scheme he elevated to a way of life. After some minor financial crimes and brief times in jail, in early 1920 he began offering investors a 50 percent return on their money in 45 days and a 100 percent return in 90 days. Although it seemed too good to be true, the money poured in. Ponzi used money from new investors to pay prior investors and fund his lavish lifestyle. By the time his fraud was discovered in August 1920, investors had lost 20 million dollars and five banks had failed. Ponzi spent 3 years in prison, was later deported to Italy, and died penniless in 1949 at the age of 66.
An online survey conducted by a New York law firm reveals that 52 percent of Wall Street traders, brokers, investment bankers, and other financial service professionals have either engaged in illegal activity or believe they may need to do so in order to be successful. The survey concludes that these financial leaders “have lost their moral compass” and “accept corporate wrongdoing as a necessary evil.”
A hero to a generation of people who grew up after World War II, Corrie ten Boom left a legacy of godliness and wisdom. A victim of the Nazi occupation of the Netherlands, she survived to tell her story of faith and dependence on God during horrendous suffering.
Visitors to a zoo were outraged when the “African lion” started barking instead of roaring. Zoo staff said they had disguised a Tibetan mastiff—a very large dog—as a lion because they could not afford the real thing. Needless to say, the zoo’s reputation was sullied and people will think twice before visiting it.
Chris Langan has an IQ higher than Albert Einstein’s. Moustafa Ismail has 31-inch biceps and can lift 600 pounds. Bill Gates is estimated to be worth billions. Those who have extraordinary abilities or possessions might be tempted to think more highly of themselves than they should. But we don’t have to be wildly smart, strong, or wealthy to want to take credit for our achievements. Any size of accomplishment carries with it this question: Who will get the credit?
Packing groceries into the trunk of my car, I glanced at the vehicle next to me. Through the back window, I could see baskets full of bright red tomatoes—shiny, plump, and better looking than any I had seen in the store. When the car’s owner appeared seconds later, I said, “What great looking tomatoes!” She replied, “I had a good crop this year. Would you like some?” Surprised by her willingness to share, I gladly accepted. She gave me several free tomatoes to take home—they tasted as good as they looked!
A television commercial I enjoy at Christmastime shows two neighbors in a friendly competition with each other to see who can spread the most Christmas cheer. Each keeps an eye on the other as he decorates his house and trees with lights. Then each upgrades his own property to look better than the other’s. They then start competing over who can give the most extravagantly to other neighbors, running around cheerfully sharing gifts.
When my wife was a young girl in Austin, Texas, Carlyle Marney was her family’s neighbor, pastor, and friend. One of his off-hand remarks about being content became one of her family’s enduring expressions: “Dr. Marney says, ‘We just need to get our wanter fixed.’”
Many people who come to Marc Salem’s stage shows think he can read minds. But he makes no such claim, saying he is not a psychic or magician, but a close observer of people. He told writer Jennifer Mulson, “We live in a world that’s mostly invisible to us because we’re not paying attention to things . . . . I’m very sensitive to what people give off” (The Gazette, Colorado Springs).