Equal Rights
January 13, 1987 - Even Mecham, then governeor of Arizona, rescinded the gubernatorial decree by former Governor Bruche Babbit that established the birthday of the Rev. Martin Luther King, Jr. was a state holiday.
Technology
Hanuary 13, 1989 - computers across Britain were hit with the Friday the 13th virus, also known as the Jerusalem virus, which becomes active on every Friday the 13th.
Crime
January 13, 1896 - Carlo Ponzi immigrates to America from Italy on this day. The small-time con man would later stumble into one of the largest scams of all time and have an entire type of crime named after him: the "Ponzi scheme."
For 20 years, Ponzi bounced from job to job, always dreaming up a way to make millions but never coming close. But in 1919, he came up with a new plan. Ponzi told friends and potential investors that they would get a 50 percent return on their money within three months if they invested with him. The hapless investors were never told much about what Ponzi planned on doing with their money, but, when pressed, he told them that it had to do with international postal exchange coupons, an obscure field that virtually no one knew much about.
Ponzi told his marks that they could cash out at the end of three months or roll over their investments. Ponzi promptly paid off his initial investors and soon the investment dollars were pouring in. Thousands of people came to his offices, where money was stuffed in every desk drawer and filing cabinet. Ponzi was taking in an estimated $200,000 a day at the frenzy's peak. When a local writer questioned Ponzi's financial record, he threatened to sue and scared off further inquiry.
Ponzi went on a personal spending spree in 1920, buying 100 suits and 100 pairs of shoes. He also took $3 million in cash to the Hanover Trust Company and bought a controlling interest in the reputable firm. However, when state investigators finally began examining his books and interviewing his workers they found that there was no real investment going on. Of course, only the very early investors actually got any money back, and these funds came from later investors.
Such a scam, known as a pyramid scheme, inevitably explodes, as it did on August 13, 1920, when thousands of investors demanded their money back. Ponzi, anticipating the collapse, had already taken $2 million to the Saratoga casinos in a vain attempt to make up the lost money. Ponzi went to jail and was deported to Italy in 1934. He told reporters, "I hope the world forgives me."
Perhaps taken in by his apparent contrition, Italian dictator Benito Mussolini gave Ponzi a high position in the government's financial sector. However, human nature is very difficult to change, and Ponzi eventually embezzled funds from the country's treasury and escaped to Brazil, where he died in 1949.
January 13, 1987 - Even Mecham, then governeor of Arizona, rescinded the gubernatorial decree by former Governor Bruche Babbit that established the birthday of the Rev. Martin Luther King, Jr. was a state holiday.
Technology
Hanuary 13, 1989 - computers across Britain were hit with the Friday the 13th virus, also known as the Jerusalem virus, which becomes active on every Friday the 13th.
Crime
January 13, 1896 - Carlo Ponzi immigrates to America from Italy on this day. The small-time con man would later stumble into one of the largest scams of all time and have an entire type of crime named after him: the "Ponzi scheme."
For 20 years, Ponzi bounced from job to job, always dreaming up a way to make millions but never coming close. But in 1919, he came up with a new plan. Ponzi told friends and potential investors that they would get a 50 percent return on their money within three months if they invested with him. The hapless investors were never told much about what Ponzi planned on doing with their money, but, when pressed, he told them that it had to do with international postal exchange coupons, an obscure field that virtually no one knew much about.
Ponzi told his marks that they could cash out at the end of three months or roll over their investments. Ponzi promptly paid off his initial investors and soon the investment dollars were pouring in. Thousands of people came to his offices, where money was stuffed in every desk drawer and filing cabinet. Ponzi was taking in an estimated $200,000 a day at the frenzy's peak. When a local writer questioned Ponzi's financial record, he threatened to sue and scared off further inquiry.
Ponzi went on a personal spending spree in 1920, buying 100 suits and 100 pairs of shoes. He also took $3 million in cash to the Hanover Trust Company and bought a controlling interest in the reputable firm. However, when state investigators finally began examining his books and interviewing his workers they found that there was no real investment going on. Of course, only the very early investors actually got any money back, and these funds came from later investors.
Such a scam, known as a pyramid scheme, inevitably explodes, as it did on August 13, 1920, when thousands of investors demanded their money back. Ponzi, anticipating the collapse, had already taken $2 million to the Saratoga casinos in a vain attempt to make up the lost money. Ponzi went to jail and was deported to Italy in 1934. He told reporters, "I hope the world forgives me."
Perhaps taken in by his apparent contrition, Italian dictator Benito Mussolini gave Ponzi a high position in the government's financial sector. However, human nature is very difficult to change, and Ponzi eventually embezzled funds from the country's treasury and escaped to Brazil, where he died in 1949.