Nonetheless, Seward convinced clients to cash in their annuities early -- causing them to pay steep penalties -- by promising returns of 10%to18%8% on their investment in "Not Forgotten," according to investigators.
Alex Gibney's film Casino Jack records convicted briber and űber-lobbyist Jack Abramoff promising returns of approximately 4000% on generic lobbying expenditures which were used in part to pay off influential members of Congress.
In three months last year, the men raised $4.8 million from investors by promising returns of at least 70percentt a month on deals vaguely described as "trades," the authorities said.
Regis Philbin made a promising return to prime-time television on Sunday as the host of "Million Dollar Password" on CBS.
Investment on newborn survival has a promising return for future generations.
When a scheme is promising returns so much higher than the rates paid on deposit accounts, there has to be a catch.
In the 1980s investors lost £191m in Barlow Clowes, a Gibraltar-based firm promising huge returns on gilt-edged stock.
Mr. Andrescu and his brokers were accused of promising high returns on investments in a company that they said was about to go public.
Mr. Andrescu and his brokers at Renaissance Capital Management Inc. of Farmingdale, N.Y., are accused of promising high returns on investments in a company that they said was about to go public.
Speaking softly before a federal judge in Manhattan, Mr. Hsu admitted that he recruited victims for his scheme by falsely promising them high returns on investments, and then paid off early investors with money from later ones "so as to create the impression that the investment strategy was operating properly, when in fact it was not".
But he is trading on the financial ignorance of most savers, who at best may pay more tax and end up poorer in later life, and at worst fall prey to all manner of tricksters and fraudsters promising double digit returns on plausible but fictitious investments.
