Today is Saturday, August 30, 2014

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Marvels of Capitalism-Credit Cards Marvels of Capitalism-Credit Cards

The first bank card, called "Charg-It," was introduced in 1946 by John Biggins, a banker in Brooklyn, according to MasterCard. When a customer used it for a purchase, the bill was forwarded to Biggins' bank. The bank reimbursed the merchant and obtained payment from the customer. However, purchases could only ... Read More

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THE KUBUS SCHEME THE KUBUS SCHEME

Over 20 years ago Adriaan Alettus Niewoudt rose to prominence when he convinced thousands of wide-eyed South Africans to buy into the kubus scheme, which was based on a milk culture his grandmother used as a skin product. In January 1984, Nieuwoudt placed a newspaper advertisement inviting members of the public ... Read More

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Beware The Scam-Your Business is Not Immune! Beware The Scam-Your Business is Not Immune!

Sometimes a scam is called by other names such as fraud, rip-off, theft, cheating, embezzlement, swindle, con: or even the softer phrase, chicanery; but a rose by any other name ... When the term Scam is applied, it adds a new dimension to the crime. Scams often involve intrigue, mystery, ... Read More

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