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Fonzie or Ponzi Scheme?

Debbie L. Sklar recently reported that William Baker of Laguna Niguel was convicted of stealing more than $900,000 from investors in a Ponzi scheme by fraudulently promising to buy, refurbish, and resell distressed homes for a profit.

A Ponzi scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Ponzi scheme organizers often solicit new investors by promising to invest funds in opportunities claimed to generate high returns with little or no risk. In many Ponzi schemes, the fraudsters focus on attracting new money to make promised payments to earlier-stage investors and to use for personal expenses, instead of engaging in any legitimate investment activity.

The following information is from imdb.com:

  • Henry Winkler played Arthur "Fonzie" Fonzarelli in the hit TV show Happy Days. 
  • Happy Days first aired in 1974. 
  • Richie Cunningham and his friend Potsie faced life at Jefferson High in Milwaukee, WI, in the 1950s.
  • Originally fifth-billed Fonzie moved up steadily, finally into first billing in 1980.

The following "Fonzie Facts" are from wwtfd.org:

  • Fonzie was also called "The Fonz."
  • Fonzie would say, "I was wrrrooooogh!" when he was trying to admit that he was wrong.
  • When telling a guy to let go of Richie, Fonzie said, "Now, I would let him go unless you want to make medical history."

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