More likely, his firm devolved into a Ponzi scheme only when serious losses hit and he decided not to level with investors but to gamble on a resurrection.
It is true that any policy based on ignorance, as a policy on global warming must still be, entails a gamble.
The Mars landing was a high-profile gamble by NASA on a novel landing procedure.
The offshoot of billionaire Richard Branson's Virgin Atlantic Airways in December unveiled the first commercial passenger spaceship, a sleek black-and-white vessel that represents an expensive gamble on creating a commercial space tourism industry.
Rather than taking a chance on such a "sure loss, " investors prefer to gamble on high-flying tech stocks, even though they pay far too much for the chance of striking it rich.
To get ahead, Lum took a gamble on focusing on membranes to clean wastewater.
Irna Qureshi, a writer specialising in British-Asian arts and culture, explains why British-born Asians are taking a gamble on Bollywood.
Providers are taking a gamble on some of the locations for their wi-fi networks, offering access in coffee bars and pubs.
Another strategy: Gamble on a big star who's down on his luck.
"I appreciate that Inverness took a gamble on him, but I feel he has repaid them in the last two seasons, " added Baldwin.
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This has made me think, what if JP Morgan took a gamble on me and others like me instead of gambling on derivatives.
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Strachan admitted that the success of Moroccans Mustapha Hadji and Youssef Chippo at Highfield Road had persuaded him to take a gamble on Zuniga.
Two investors are taking a gamble on a rare feat in the modern retail-property market: an ambitious redevelopment of a struggling mall in a small city.
If it looks unlikely that George Papandreou will get his austerity measures through parliament then he might go for early elections or even gamble on a referendum.
Too many budding entrepreneurs can't afford to take a gamble on a smart idea because they can't give up the health insurance they get in their current job.
Spending all his savings and putting himself into debt, Ray took a gamble on an idea he had to create a place for people to mountain bike during the winter.
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First, don't gamble on a 16 seed.
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Whether Nigeria can afford to hire him on a permanent or temporary basis may depend on their ability to cover that kind of salary, but it may be a gamble worth taking on the "wily old fox" - as Russia coach and fellow Nigerian wish-list candidate Guus Hiddink referred to him.
Mehlman uses his mother's concentration-camp number to gamble on, a despairing joke of a way to show that misfortune is always with us.
Financially, the Bears have made a huge gamble on Mr. Cutler.
We were missing one vital piece of information about the service - but now we have the tariffs and the whole industry is examining what amounts to a huge gamble on customer behaviour.
What happens is pure planning roulette, a free-for-all, ad hoc gamble on the future where real estate reigns with a divine right established by astronomical values.
Ferguson has been a long time admirer of Michael Owen and has decided to gamble on the striker who has proven himself a prolific scorer at both club and international level when fit.
It's a stretch to gamble half the year's ad budget on a product that generates no revenue, while both IBM and Hewlett-Packard, Sun's biggest competitors, will each spend more than five times that amount to support products that do make money.
No one wants to take that kind of financial gamble, especially on a big budget superhero movie.
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Immediately, Palace took off Victor Moses and brought on James Scowcroft but it was a gamble that went wrong as the substitute pulled a hamstring muscle within minutes of his arrival and was forced off.
When they felt the urge to gamble, they got on a plane and went to Las Vegas.
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