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1860s. Jacob Young, William Abrams, and Nancy Clem ran what author Wendy Gamber argues, in her book The Notorious Mrs. Clem: Murder and Money in the Gilded Age, was the first-ever Ponzi scheme. [ 1][ 2] In Munich, Germany, Adele Spitzeder founded the "Spitzedersche Privatbank" in 1869, promising an interest rate of 10 percent per month.
The term statute of frauds comes from the Statute of Frauds, an act of the Parliament of England (29 Chas. 2 c. 3) passed in 1677 (authored by Lord Nottingham assisted by Sir Matthew Hale, Sir Francis North and Sir Leoline Jenkins [2] and passed by the Cavalier Parliament), the long title of which is: An Act for Prevention of Frauds and Perjuries.
Property law. The vast majority of states in the United States employ a system of recording legal instruments (otherwise known as deeds registration) that affect the title of real estate as the exclusive means for publicly documenting land titles and interests. The record title system differs significantly from land registration systems, such ...
7. Galveston, Texas, U.S. Offering a mix of historic charm and beach fun, Galveston is as charming as it is affordable. Spend your days at the sandy beaches or pay a visit to the Moody Gardens for ...
June 24, 2024 at 7:47 PM. NEWBERN, Ala. (AP) — The first Black mayor of a small Alabama town, who said white officials locked him out of town hall, will return to the role under the terms of a ...
January 29, 2015. ( 2015-01-29) N/A. In case 1, Rodney Hailey scams millions from major corporations with a fake green energy business, but his collection of luxury cars draw attention from the authorities. In case 2, cat burglar Blane David Nordahl steals antique Sterling silver from rich neighborhoods.
September 27, 2023 at 2:50 PM. WASHINGTON (AP) — A judge's ruling that Donald Trump committed fraud as he built his real-estate empire tarnishes the former president's image as a business titan ...
Marsh v. Alabama, 326 U.S. 501 (1946), was a case decided by the US Supreme Court, which ruled that a state trespassing statute could not be used to prevent the distribution of religious materials on a town's sidewalk even though the sidewalk was part of a privately-owned company town. The Court based its ruling on the provisions of the First ...