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Vitaly Borker (born 1975 or 1976 in the former Soviet Union), known by pseudonyms "Tony Russo", "Stanley Bolds" and "Becky S", is an American convicted felon who has twice served federal prison sentences for charges arising from how he ran his online eyeglass retail and repair sites, DecorMyEyes and OpticsFast. Customers who complained about poor service and misfilled orders for high-end designer eyewear were insulted, harassed, threatened (sometimes physically) and sometimes made the victim of small scams. After going into online retail following a short career as a computer programmer for several Wall Street firms, Borker encountered difficult customers who, he said later, were rude, lied to him and cost him money unnecessarily. He decided to be rude and unscrupulous with them in return, and learned to his surprise that on the Internet there was no such thing as bad publicity since the many posts with links to his site on complaint sites such as Ripoff Report appeared to drive ...
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Perverse Incentive
A perverse incentive is an incentive that has an unintended and undesirable result that is contrary to the intentions of its designers. The cobra effect is the most direct kind of perverse incentive, typically because the incentive unintentionally rewards people for making the issue worse. The term is used to illustrate how incorrect stimulation in economics and politics can cause unintended consequences. Examples of perverse incentives The original cobra effect The term ''cobra effect'' was coined by economist Horst Siebert based on an anecdote of an occurrence in India during British rule. The British government, concerned about the number of venomous cobras in Delhi, offered a bounty for every dead cobra. Initially, this was a successful strategy; large numbers of snakes were killed for the reward. Eventually, however, enterprising people began to breed cobras for the income. When the government became aware of this, the reward program was scrapped. When cobra breeders s ...
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United States Marshals Service
The United States Marshals Service (USMS) is a federal law enforcement agency in the United States. The USMS is a bureau within the U.S. Department of Justice, operating under the direction of the Attorney General, but serves as the enforcement arm of the United States federal courts to ensure the effective operation of the judiciary and integrity of the Constitution. It is the oldest U.S. federal law enforcement agency, created by the Judiciary Act of 1789 during the presidency of George Washington as the "Office of the United States Marshal". The USMS as it stands today was established in 1969 to provide guidance and assistance to U.S. Marshals throughout the federal judicial districts. The Marshals Service is primarily responsible for the protection of judges and other judicial personnel, the administration of fugitive operations, the management of criminal assets, the operation of the United States Federal Witness Protection Program and the Justice Prisoner and Alien Tran ...
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Mail Fraud
Mail fraud and wire fraud are terms used in the United States to describe the use of a physical or electronic mail system to defraud another, and are federal crimes there. Jurisdiction is claimed by the federal government if the illegal activity crosses interstate or international borders. Mail fraud Mail fraud was first defined in the United States in 1872. provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use any counterfeit or spurious coin, obligation, security, or other article, or anything represented to be or intimated or held out to be such counterfeit or spurious article, for the purpose of executing such scheme or artifice or attempting so to do, places in any post office or authorized depository for mail ...
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Christian Audigier
Christian Audigier (; 21 May 1958 – 9 July 2015) was a French fashion designer known for the Ed Hardy and Von Dutch clothing lines. Early life Christian Audigier was born on 21 May 1958 in Avignon, France. Career Audigier began working in the fashion industry at the age of fifteen. He designed a line of denim that was inspired by his love for rock and roll, specifically The Rolling Stones. His designs became so popular that a top executive from MacKeen Jeans took notice of Audigier's talent, affording him the opportunity to create with the company and travel the world. He moved to New York in his early twenties to expand his own brand. He worked with Guess, Levi's, Diesel, Fiorucci, Bisou Bisou and XOXO, Smet, among others. He then moved to Los Angeles where he would achieve most of his success as a fashion designer. After the death of artist Kenny Howard, also known as Von Dutch, in 1992, Howard's daughters sold the Von Dutch name to Ed Boswell who then began working t ...
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ResellerRatings
ResellerRatings is an online ratings site where consumers submit ratings and reviews of online retailers, and online retailers participate to respond to reviewers and to gather reviews from their customers post-purchase. As of July 11, 2017, the site had over 6.2 million user-submitted reviews for 202,000 stores. ResellerRatings operates a :freemium business model. Merchants can participate to receive certain features for free, and can subscribe for additional features.ResellerRatings Membership http://www.resellerratings.com/merchant-solutions History ResellerRatings was launched in 1996 as a subsection of SysOpt.com (sysopt.com/resellerratings, at that time). Its founder, Scott Wainner, sold SysOpt.com and ResellerRatings.com to EarthWeb in 1999 for several million dollars. EarthWeb sold ResellerRatings to Internet.com in 2001. In 2002, Internet.com shut ResellerRatings.com down, and Wainner bought the site back for $32,000. Initially, in 1996, ResellerRatings began as a h ...
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Financial Crisis Of 2007–2008
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability a ...
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