Internet Marketing Today » Wall Street

A Lot Of Money But A Bad Decision

Stanley Huddle — Sun, 12 Jul 2009 02:55:31 +0000

In the end, he got what was coming to him. Wall Street swindler Bernie Madoff was recently sentenced to a prison term of 150 years for masterminding the world’s largest Ponzi scheme. It is estimated that Madoff stole approximately $65 billion from his clients that included friends, charities, celebrities, and ordinary people who trusted him. Since the early 90s, Madoff and his wife lived the life of luxury and virtually endless abundance. At age 71 however Madoff will spend the rest of his life in jail. It just goes to show that wise investing should probably be done by you.

The Upper Class Poorgeoisie

Stanley Huddle — Sun, 12 Jul 2009 02:55:17 +0000

A new term has been coined to describe rich entrepreneurs and executives who strive to look like starving artists. The word is Poorgeoisie and according to the Wall Street Journal, the social class has been with us for years. What has changed is that many of them no longer have to pretend to be poor. On the other side of the spectrum are the new entrepreneurs who are launching home-based Internet marketing businesses and who are creating massive wealth in the process. These folks have no reason to pretend that they are poor and are in fact quite proud of their income and their accomplishments.