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New Haven’s Jared Flagg Launches One of the First Ponzi Schemes

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In 1926 the fraud police had Jared Flagg under questioning. It wasn't the first time the flimflam man was in trouble with the law. But it would be the last. As the investigators pushed for answers about a particular fraud, Flagg began struggling for breath. The attorneys suspected it was a trick to slow them down. But for once in his scandal-plagued life, Jared Flagg was playing it straight. He collapsed and died. Just short of 70 years old, Jared Flagg left his estate to his wealthy and better-known brother Edward, who was a highly regarded architect and landlord in New York City. The Flaggs were relatives of Cornelius Vanderbilt, and Vanderbilt money had paid for Edward's education and launched him as a successful architect. At the time he died, Edward was a major landowner on Staten Island and, his obituary noted, had the design of the Corcoran Gallery of Art in Washington, D.C. among his notable credits. Jared's obituary, meanwhile, simply noted he "collapsed on...

Son Of Sam: This Summer In 1977, An NYC Serial Killer Is Taken Down By A Parking Ticket

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NEW YORK, NY — In the summer of 1977, New York City was — literally and figuratively — on fire. It was the summer of disco fever, of Studio 54. It was the summer of Yankees mania. It was the summer that catapulted Ed Koch to City Hall. And in mid-July, it turned into the summer of darkness, when an epic, five-borough power outage — deemed an "act of God" by Con Ed — plunged the city into two days of total blackout. Airports shut down. News stations went off the air. Thousands were stuck in underground subway tunnels . Meanwhile, in the streets, the down-and-out — at their breaking point after years of municipal layoffs and a steady surge in violent crime — rioted and looted with abandon. Arsonists reportedly set more than 1,000 fires across the city in a single day. The Bronx, it would later be said, was burning. It was also the Summer of Sam. Want more local news? Sign up here to receive free newsletters and alerts from the New York City Patch . In spring 1977, police con...

How to Make it to $1 Million

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The balance of our coverage provides a snapshot of who America's millionaires are, where they live, and how they built their wealth. Nearly two decades ago, these five families were featured in MONEY as "millionaires in the making"—households that were well on their way to a seven- figure net worth excluding the value of their primary residences. Rhone in MONEY’s August 2000 issue, when he was still a “Millionaire In The Making.”   That was starting in 2000, around the time the dotcom stock bubble began to burst. Yet despite running into one of the worst bear markets in history—which was followed soon after by the global financial panic , the worst economic crisis since the Great Depression—these families still managed to achieve their goals. How did they accomplish this? Some did it by living frugally and saving aggressively so that when the bad times hit, they had enough of a cushion. Others proved to be resilient in the face of setbacks, staying the course with the...

7 people explain how they got to $1 million

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Click to expand Replay Video SETTINGS OFF HD HQ SD LO UP NEXT Video by CNBC The balance of our coverage provides a snapshot of who America’s millionaires are, where they live, and how they built their wealth. Nearly two decades ago, these five families were featured in MONEY as “millionaires in the making”—households that were well on their way to a seven- figure net worth excluding the value of their primary residences. That was starting in 2000, around the time the dotcom stock bubble began to burst. Yet despite running into one of the worst bear markets in history—which was followed soon after by the global financial panic , the worst economic crisis since the Great Depression—these families still managed to achieve their goals. How did they accomplish this? Some did it by living frugally and saving aggressively so that when the bad times hit, they had enough of a cushion. Others proved to be resilient in the face of setbacks, staying the course with their 401(k)s and IRAs in ...

Ga., Calif. And Texas evangelism/missions news; 'What we really hope and pray to do is impact their lives for Christ'

Copyright (c) 2017 Baptist Press . Reprinted from Baptist Press (www.baptistpress.com), news service of the Southern Baptist Convention . The original story can be found at http://www.bpnews.net/49368/from-the-states-ga-calif-and-texas-evangelismmissions-news-what-we-really-hope-and-pray-to-do-is-impact-their-lives-for-christ by Staff, posted Tuesday, August 15, 2017 (11 days ago) Today's From the States features items from: The Christian Index (Georgia) California Southern Baptist Southern Baptist TEXAN ********** Ga. literacy missions bringing Gospel to refugees, immigrants By Joe Westbury CARROLLTON, Ga. (The Christian Index) -- For Annette Ingram, it began when she drove by a low- income apartment complex and saw a large sign that said, " Free ESL Classes ." That piqued her interest because she was already certified as an English to Speakers of Other Languages (ESOL) instructor through the State of Florida when she served in the DeSoto County public schools . ...