Pinckney Pinchback Chapter Summary

This episode of American Greed presents the subtle yet very dangerous white collar criminals, whose tactics lead to financial losses with harrowing effects. The criminal in this particular case, Mr. Steven Palladino, manages an ice cream store in his neighborhood of West Roxbury and as such is a widely trusted man. The trust he obtains be founded from having been born and grown here as well as having his entire family as the mascots for his fraudulent enterprise. Having studied finance and finally making his way successfully through college to become a registered stock broker, he makes use of his social status to start in the pursuit of a Ponzi scheme under the appearance of Viking Financial. On the flip side, his investors seem to have unwavering trust in him despite the location of his office, a small

In his article “Is business bluffing ethical?,” Albert Carr makes a distinction between an “unethical” poker player and a “crook.”

In the short story “King of the Bingo Game” by Ralph Ellison, the protagonist is put in a situation where he’s broke and has to make money fast; desperation was upon him. He plays bingo with high hopes of winning some quick cash. If things go his way, he will be able to afford to take Laura on a much needed doctor’s visit. During this tough time he went through desperation, to try and help someone he cared so much about, and facing obstacles that appeared along his journey of life. He felt that “he controlled the wheel” but “it also controlled him”, Laura’s life depended on him wining money from that game (Ellison).

“Gambling was the essential amusement -- the grand occupation of many classes. Judges and clergymen, physicians and advocates, merchants and clerks, tradesmen, mechanics, laborers, miners, and farmers, all adventurers in their kind--everyone elbowed his way to the gaming table, and unblushingly threw down his golden or silver

Introduction Confidence games are an act of swindling in which advantage is taken of the confidence the victim. The confidence game typically [victimizes] wealthy and prominent individuals. The act of abusing the confidence of a person is a [crime] in the U.S. This game continues to flourish because victims fail to report it because of fear of being [prosecuted] for their role in the criminal activity. Confidence games have evolved over the years, containing many elements, games and famous con artists.

Their plan: hit every “action” along the Mississippi River – from small house games and backroom gatherings to big casinos, with the hopes of accumulating enough money to buy into the card game in New Orleans. And, it seems like a sound idea to a gambler – but they don’t exactly take into account Gerry’s bad luck, poor decision making, and well, lack of

Ferrell, L. (2009). The fraud of the century: The case of Bernard Madoff. Retrieved July 10, 2017 from https://www.betheluniversityonline.net/cps

There are many peculiarities in Madoff's world that contributed towards making his mind’s outcomes so very suspicious. The answer to how Madoff was still able to conceal his fraud can be explainable through his techniques, methods, and darkly hidden tricks that he has been demonstrating throughout his long period of wrongful criminal deception.

Gambling is the world’s second oldest industry, but in the past has been viewed in a condemning nature. Many have viewed it as immoral and destructive. The government, taking the middle ground labels it as a vice, but will allow small-scale monopolies to non-profit organizations. These constituents have conditions that state that revenues must be used for good causes and they must not over stimulate demand. (15) Commercial casinos that were first permitted, while heavily regulated to protect citizens, only allowed the wealthy to be patrons.

Gambling was present in almost every major, ancient civilization. From the Mesolithic rolling of hucklebones, to the Mesopotamian invention of the six-sided die, and finally to the Chinese invention of the card, not only did gambling survive through countless civilizations of ancient history, it evolved into a global phenomenon. Stakes on these games could range from Quadrans, the Roman equivalent of pennies, to betting an entire estate on a simple throw of the die. Interestingly, as in modern times, ancient peoples and civilizations had varying opinions of gambling. Some ignored it, some outlawed it, and some accepted it. Despite the numerous stances on gambling, one thing held true for all

When you visit an online casino portal forum, scams and cons are often a hot topic of discussion. The approach that many online casino games take is ruthless and often more damaging than most can even fathom. However, it wasn’t always the case of criminals taking on players, it was once a case that criminals would target the casinos themselves. In many “Robin Hood” like acts some smart thinking criminals would try and rob casino slot games through various old fashioned methods. Illegal yet still carrying a sense of resourceful charm, the following looks back at several scams of slot games’ past.

This story takes place at the end of the nineteenth century in a small American town named Hadleyburg. The conflict in “The Man that Corrupted Hadleyburg” began after citizens in Hadleybrug offended a passing stranger. The stranger, described as a foreign gambler, decided to plot revenge against the town in order to expose the town’s fabricated virtue. He devised a plan that tempted citizens of the town to tell a lie in order to claim a sack of gold worth $40,000. He delivered the sack of gold to the home of an elderly cashier and his wife, Edward and Mary Richards. In a written note, he claimed that the money is meant for the person who helped him while he was in Hadleyburg before. Part of the stranger’s test was to have people of the town guess a certain remark in the sac. Whoever guessed the correct remark would receive the sac full of gold. People wrote their remarks down and submitted it to Reverend Burgess, who would open the sac during a public meeting and announce the

During the early part of the 18th century there is substantial evidence to suggest that cricket attracted widespread gambling. At the time it was commonplace for press reports to lay more emphasis on betting than that of most forms of sport. Indeed a newspaper report published in 1697 gave an account of an important match played in Sussex in which the substantial sum of 50 guineas a side was the stake. And since one of the principal attractions of sport was the potential for gambling, it was not unusual for tenacious gamblers to underpin their chances of success by forming their own teams. Consequently, members of the local nobility, together with other gentlemen of influence, enhanced their potential of realising success by employing the

Online blackjack as a game is simply timeless. It has been played for hundreds of years and does a fantastic job of blending together skill, luck, and pure entertainment. As the game has blossomed in the digital era, it seems that player numbers have sky rocketed. However, as player numbers have grown so has the number of online blackjack myths, many of which are regularly discussed on online casino portals around Europe. These myths may seem innocuous on first glance, but the reality is that they can be fairly detrimental to the game. Taking the step to set the record straight, the following busts several commonly discussed online blackjack myths.

Under financial pressure, Minkow started to commit fraud. He forged credit card applications, staged theft, used bogus financial statements, and used his networking skills to entice wealthy investors. The most serious fraud he made was inflating the value of the company’s insurance restoration contracts (Knapp, 2006).