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An international reply coupon (IRC) is a coupon that can be exchanged for one or more postage stamps representing the minimum postage for an unregistered priority airmail letter sent to another Universal Postal Union (UPU) member country. IRCs are accepted by all UPU member countries. UPU member postal services are obliged to exchange an IRC ...
In the 1920s, Charles Ponzi carried out this scheme and became well known throughout the United States because of the huge amount of money that he took in. [4] His original scheme was purportedly based on the legitimate arbitrage of international reply coupons for postage stamps, but he soon began diverting new investors' money to make payments ...
Postal reply coupons allowed a person in one country to pay for the postage of a reply to a correspondent in another country. IRCs were priced at the cost of postage in the country of purchase, but could be exchanged for stamps to cover the cost of postage in the country where redeemed; if these values were different, there was a potential profit.
МММ was a Russian company that perpetrated one of the world's largest Ponzi schemes of all time. By different estimates from 5 to 40 million people lost up to $10 billion. The company started attracting money from private investors, promising annual returns of up to 1,000%.
Talk. : International reply coupon. This article is within the scope of the WikiProject Philately, a collaborative effort to improve Wikipedia's coverage of philately and stamp collecting. If you would like to participate, you can visit the project page, where you can join the project and see a list of open tasks or check out the Philately ...
SASEs cannot easily be used for international mail, since senders rarely have supplies of mint foreign stamps. Instead, international reply coupons (IRCs) can be purchased at post offices, although they are no longer sold in some countries, including the United States. Users of IRCs will often, as a courtesy, also send a self-addressed envelope ...
Mail fraud was first defined in the United States in 1872. 18 U.S.C. § 1341 provides: Whoever, having devised or intending to devise any scheme or artifice to defraud, or for obtaining money or property by means of false or fraudulent pretenses, representations, or promises, or to sell, dispose of, loan, exchange, alter, give away, distribute, supply, or furnish or procure for unlawful use ...
Sale and exchange of international reply coupons started in 1926 [90] and were joined by Imperial Reply Coupons from January 1, 1935. [91] Air letter sheets (or air letter cards as they were then known) were first introduced in Palestine in November 1944.