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Edward Donegan
Edward Donegan was a casual or odd-job laborer in 1919 who became a millionaire within about four months through rum-running, bootlegging following the implementation of National Prohibition of alcohol in the U.S. in January 1920. Through the use of an insider within the Bureau of Prohibition, he was able to illegally withdraw alcohol from warehouses ostensibly for legal purposes himself and also to sell fraudulent permits to other bootleggers. Donegan’s activities were discovered after he attempted to bribe Internal Revenue Service agents who called upon him in connection with another investigation. He was convicted of possessing stolen property and the intent to defraud the United States. References {{DEFAULTSORT:Donegan, Edward Bootleggers 20th-century American criminals ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millionaire
A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. In countries that use the short scale number naming system, a billionaire is someone who has at least a thousand times a million dollars, euros or the currency of the given country. Many national currencies have, or have had at various times, a low unit value, in many cases due to past inflation. It is obviously much easier and less significant to be a millionaire in those currencies, thus a millionaire (in the local currency) in Hong Kong or Taiwan, for example, may be merely averagely wealthy, or perhaps less wealthy than average. A millionaire in Zimbabwe in 2007 could have been extremely poor. Because of this, the term 'millionaire' generally refers to those whose assets total at least one million units of a high-value currency, such as the United States dollar, Euro, o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
