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My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam.
Mitchell Zuckoff
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"My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam."
— Mitchell Zuckoff #moneywealth

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My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent…

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My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he promised 10 percent returns a week, or 520 percent a year. Of course he was just using new investors' money to pay old investors, and soon he was on the lam. — Mitchell Zuckoff

About Mitchell Zuckoff

Mitchell Zuckoff was a Educator (1962–present).

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Frequently Asked Questions

Who said "My favorite pre-Ponzi schemer was known as '520 Percent Miller' because he prom…"?
This quote is attributed to Mitchell Zuckoff, a Educator.
When did Mitchell Zuckoff live?
Mitchell Zuckoff lived from 1962 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.