The $10 million dollar story

Garpal Gumnut · 25 May 2009

Glen48 said:
Ring Mammy for investment advice:
or end up like these bloke.
In 1923, Who Was:

1. President of the largest steel company?
2. President of the largest gas company?
3. President of the New York stock Exchange?
4. Greatest wheat speculator?
5. President of the Bank of International Settlement?
6. Great Bear of Wall Street?

These men were considered some of the worlds most successful of their days.

Now, 80 years later, the history book asks us if we know what ultimately became of them.

The Answers:
1. The president of the largest steel company. Charles Schwab, died a pauper.

2. The president of the largest gas company, Edward Hopson, went insane.

3. The president of the NYSE, Richard Whitney, was released from prison to die at home.

4. The greatest wheat speculator, Arthur Cooger, died abroad, penniless.

5.. The president of the Bank of International Settlement, shot himself.

6 The Great Bear of Wall Street, Cosabee Livermore, also committed suicide However, in that same year, 1923, the PGA Champion and the winner of the most important golf tournament, the US Open,
was Gene Sarazen. What became of him?

He played golf until he was 92, died in 1999 at the age of 95.
He was financially secure at the time of his death.

The Moral:

Screw work..
Play golf.

skyQuake said:
..and to run off with the idea,

Who was the richest man in Vienna during Mozart's time?
And who had the biggest house in Arles when Van Gough painted the Sunflowers?
Wealth for it's own sake is rarely remembered, which is why after years of devoting their lives to collecting it, rich men give it away.

(cant remember source but it certainly left an impression).

Sorry glen 48 and skyQuake but I'm going to have to disagree with two.You both should consider holy orders or starting a godbothering show in one of the more vacant warehouses in our Capital cities. Your homely statements are classical of a well delivered sermon.

The richest man during Mozart's time I do not know, but he may or may not have had more roots, more friends, better dinners and a happier life than good old Mozart.

I am more familiar with the happiest man in Arles during Van Goghs time. He was also the richest. He died young at 23 from the excesses of his riches, with both ears intact. He died happily. His name was Fred.

When Hillsong crawl their way up to Townsville I'll print out your comments and give them to their accountant, sorry minister, for his first rant at the congegration.

gg

nunthewiser · 25 May 2009

can we please get the drug/alcohol testing unit to the last post please

adobee · 25 May 2009

I would have transferred it to my offset account with another bank.. I might not get to keep the money for ever but I doubt they will be asking for the interest...

Garpal Gumnut · 25 May 2009

adobee said:
I would have transferred it to my offset account with another bank.. I might not get to keep the money for ever but I doubt they will be asking for the interest...

That should be picked up overnight, as far as I know.

You would need somebody on the inside of the bank or an IT whiz to be able to get your money away, and then you would need to scarper, to give you time to disappear.

I personally would leave Mrs Gumnut behind for 2 reasons.
1. To keep me appraised of what the coppers and the bank were up to.
2. It would be easier to get her out later a la Tony Mokbel and his girl McGuire.

gg

gg

basilio · 26 May 2009

Meanwhile somewhere back in sunny Asia our adventurous friends are still living the high life.

I notice that according the Herald-Sun (that wonderful bastion of editorial integrity...) the police suggest they won't be charged with stealing because in fact they didn't take in cash. And the story of their escapade is growing by the day.

As I suggested at the start of this story, I think there's a movie here for hard times..

darkside · 26 May 2009

I havent really kept up on the news of this one, but have they converted the ill gotten gains to cash , or is it in a bank account that could be traced, and you would assume the sharedholders of the bank would be hoping someone gets a good kick up the bum for allowing it to happen , or at the very least a stern Counselling session with time off on stress.

jono1887 · 26 May 2009

darkside said:
I havent really kept up on the news of this one, but have they converted the ill gotten gains to cash , or is it in a bank account that could be traced, and you would assume the sharedholders of the bank would be hoping someone gets a good kick up the bum for allowing it to happen , or at the very least a stern Counselling session with time off on stress.

They managed to transfer about 7 million to of shore accounts and 2.8M of this was recovered by Westpac, so i assume that they were able to withdrawal the rest into cash.

darkside · 26 May 2009

jono1887 said:
They managed to transfer about 7 million to of shore accounts and 2.8M of this was recovered by Westpac, so i assume that they were able to withdrawal the rest into cash.

Thanks , that would be a lot of cash to draw out and be walking around with, obviously it didn't raise any suspicion. still that sort of cash could buy them a nice life and new identities.

Julia · 26 May 2009

Garpal Gumnut said:
That should be picked up overnight, as far as I know.

You would need somebody on the inside of the bank or an IT whiz to be able to get your money away, and then you would need to scarper, to give you time to disappear.

I personally would leave Mrs Gumnut behind for 2 reasons.
1. To keep me appraised of what the coppers and the bank were up to.
2. It would be easier to get her out later a la Tony Mokbel and his girl McGuire.

gg

gg

Hey Garpal, this sounds like that story from the UK about a year ago, the bloke who faked his own drowning, his wife claimed on the insurance, and he was actually living in a walled off room in the original UK house.

They both ended up in a lot of trouble. Did they go to jail? Also lost the trust and affection of their two sons. Dishonesty and greed just doesn't pay imo.

And anyway, no one on this forum would take your above comment seriously.

Sir Osisofliver · 27 May 2009

Kez180 said:
Love the making off with a Yacht idea... Especially at the moment... get a beneteau they are everywhere! And cheap....

Lol at skydiving with $10 Million worth of cheques/chattels attached to you....

Sir O... you seem to have put quite a bit of thought into this... I suppose you have about $10 Million in funds under management

Me personally? No Comment

The firm? Add a zero

A yacht is low, but I am told surprisingly slippery once out of the 200 mile exclusion zone, I suppose I could get Mrs G some Amoxol or whatever its called for the seasickness.

Sir O, is loaded mate, ask him for a loan.

I gave at the office

Cheers

Sir O

jono1887 · 6 June 2009

so whats happened to this couple? have they been caught yet?

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