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Hey Ponzi, Where's my life savings? Mystery Cache

This cache has been archived.

Skrip: This hide was placed 13 years ago. It’s now retirement time. It’s been a good run.

FTX - Sam Bankman-Fried may inspire others. This hiding spot is now open.

Thank you for the fun.

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Hidden : 7/23/2009
Difficulty:
2 out of 5
Terrain:
2 out of 5

Size: Size:   small (small)

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Geocache Description:


The posted coord's will take you to the Lenawee County Jail. Don't go there unless you need to visit someone!






Ponzi schemes are a type of illegal pyramid scheme named for Charles Ponzi, who duped thousands of New England residents into investing in a postage stamp speculation scheme back in the 1920s.

Ponzi thought he could take advantage of differences between U.S. and foreign currencies used to buy and sell international mail coupons. Ponzi told investors that he could provide a 40% return in just 90 days compared with 5% for bank savings accounts. Ponzi was deluged with funds from investors, taking in $1 million during one three-hour period—and this was 1921! Though a few early investors were paid off to make the scheme look legitimate, an investigation found that Ponzi had only purchased about $30 worth of the international mail coupons.


Anyway;



Decades later, the Ponzi scheme continues to work on the "rob-Peter-to-pay-Paul" principle, as money from new investors is used to pay off earlier investors until the whole scheme collapses.

A recent ponzi crook easily set a new record reportedly losing $50 billion dollars for his clients, while living the rich, cultured life himself. He is now safely housed in prison, but that likely provides little satisfaction to his many, newly bankrupt, ex-clients. More than 15,000 victims suffered. Ironically, this convicted fraudster has been transferred to the same prison which once held legendary swindler Charles Ponzi.


Now to the puzzle and the cache; this recently convicted criminal has (had) several numbers that he held important to himself. His old bank account numbers, his social security number, his telephone numbers, his addresses, his license plate numbers, etc. However, recent events have provided him a new, permanent number to add to his collection. Locate that number, which looks like X X X 2 7 - Y Y Y. Add the X X X numbers to the N 41 54. (939) and subtract the Y Y Y numbers from W 084 00.(314)


Please bring a pen(cil) and have fun!

Additional Hints (No hints available.)