From today's featured articleAdele Spitzeder (9 February 1832 – 27 or 28 October 1895) was a German actress, folk singer, and confidence trickster. Initially a promising young actress, Spitzeder became a private banker in Munich when her theatrical success dwindled. Running what was possibly the first recorded Ponzi scheme, she offered large returns on investments by continually using the money of new investors to pay back the previous ones. At the height of her success, contemporary sources considered her the wealthiest woman in Bavaria, although she maintained the persona of a pious Christian woman who helped the poor. Brought to trial in 1872, she was convicted of bad accounting and mishandling customers' money, since Ponzi schemes were not yet illegal, and sentenced to three years in prison. In her later years, Spitzeder performed as a folk singer, living off friends and benefactors, but never completely left her criminal life, resulting in further trials and periods of incarceration. (Full article...)
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This picture shows a ten-sen banknote, in use during the 1914–1922 Japanese occupation of Tsingtao (Qingdao), China, as part of the Asian and Pacific theatre of World War I. Issued by the Bank of Japan, the currency was based on the silver standard. This banknote, dated 1914, is in the National Numismatic Collection of the Smithsonian Institution's National Museum of American History. Before the outbreak of World War I, German naval ships were located in the Pacific; Tsingtao developed into a major seaport while the surrounding Kiautschou Bay area was leased to Germany since 1898. During the war, Japanese and British Allied troops besieged the port in 1914 before capturing it from the German and Austro-Hungarian Central Powers, occupying the city and the surrounding region. It served as a base for the exploitation of the natural resources of Shandong province and northern China, and a "New City District" was established to furnish the Japanese colonists with commercial sections and living quarters. Tsingtao eventually reverted to Chinese rule by 1922. Banknote design credit: Bank of Japan; photographed by Andrew Shiva
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