Today we talk about an interesting topic. A certain set of chips that used to belong to Michael Ginsberg, who was an executive at Microsoft in the 90s. Ginsberg was a young guy when he got this position and took advantage of it pretty quickly. Telling his co-workers and others that he was an "investment genius". That wasn't truly the case. He was able to get money from people at his work. Five gave him amounts ranging from $375,000 to almost $900,000 and one trusted him with almost $5 million.... Ginsberg told one woman who gave him nearly $500,000 that she could be "rest assured" that her money was "in good hands," it actually ended up in the hands of the swanky Bellagio Hotel and Casino in Las Vegas that very day. So, this shows that he wasn't truly an investment genius and he had a pretty bad gambling addiction by the looks of it. Interesting that he had gotten a personal set of chips, if I'm understanding this all correctly, which are actually really nice for what they are. Ginsberg's widow discovered that their joint bank account held less than $6,000 and that their credit card bills totaled about $200,000 and that he had written checks for amounts between $25,000 and $100,000 made out to different casinos in Reno and Las Vegas.
Here's the link:
https://youtu.be/PJLxGEZKC6g
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