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A get-rich-quick scheme is a plan to obtain high rates of return for a small investment. Most schemes create an impression that participants can obtain this high rate of return with little risk, skill, effort, or time. The term "get rich quick" has been used to describe shady investments since at least the early 20th century. [1] [2]
On October 22, 1993, the Los Angeles Times reported: [3]. The Federal Trade Commission said David Del Dotto of Modesto and his wife, Yolanda, have settled charges that they deceptively represented features of their "Cash Flow System," a get-rich-quick real estate scheme sold to thousands of consumers on televised infomercials.
The get-rich-quick schemes the group offered to clients added up to what was essentially one big Ponzi scheme. [3] The club enticed the sons of wealthy families from the Harvard School for Boys (now Harvard-Westlake School; not affiliated with Harvard University) in the Los Angeles area with get-rich-quick schemes.
Many “get-rich-quick” schemes are pyramid schemes, which rely on investors recruiting new participants to drive money, instead of actually generating wealth through a product or service. 7 ...
Pa Connors has yet another get-rich-quick scheme while Jacksie bans speaking English in the pub. Pa soon finds that the course of true love does not run smoothly, especially where horses are involved.
Get-rich-quick schemes – Scam that promises high rates of return for a small investment; Internet fraud – Fraud or deception using the Internet; Email tracking – To check if an email has been read; Spy pixel – Hidden images to track viewing of emails
Get-rich-quick schemes are extremely varied; these include fake franchises, real estate "sure things", get-rich-quick books, wealth-building seminars, self-help gurus, sure-fire inventions, useless products, chain letters, fortune tellers, quack doctors, miracle pharmaceuticals, foreign exchange fraud, Nigerian money scams, fraudulent treasure hunts, and charms and talismans.
The film is based on the real-life Billionaire Boys Club from Southern California during the 1980s, a group of rich teenagers who got involved in a Ponzi scheme and, eventually, murder. The story was previously made into a television film in 1987, which starred Judd Nelson as Joe Hunt. Nelson plays that character's father in the 2018 version.