Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse - Page 2 - TigerDroppings.com

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TJG210
LSU Fan
New Orleans
Member since Aug 2006
21060 posts
 Online 

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


Bump for update

My coworker is being completely stupid...






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EA6B
Navy Fan
TX
Member since Dec 2012
1044 posts

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


quote:

But the guys that do it are all very successful and swear by this guy.


As was and did every single person that invested with Madoff and Sanford.






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ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
5887 posts
 Online 

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


quote:

As was and did every single person that invested with Madoff and Sanford.


Oh I agree, and the guys who went in early have doubled or tripled investment so they feel like they've won. They're almost waiting for it to all crash down.

This guy has a beautiful system at least, cash upfront, visa gift cards for ROI. About as off the grid as one can be






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LSUGUMBO
New Orleans Saints Fan
Shreveport, LA
Member since Sep 2005
4668 posts

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


Do the gift cards come monthly or yearly? If monthly, then you recoup your investment in less than 2 years, and the ret is profit? Am I understanding this correctly?





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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
39929 posts
 Online 

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


quote:

Only a person with a screwed up moral compass would knowingly invest in a scheme that by definition screws the late investors.


It's only immoral if you actively try to recruit said investors.

Otherwise, how is it really different than the stock market?

You are investing in a scheme that hopes the late investors brings the price higher than you bought it.







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Volvagia
LSU Fan
Baton Rouge
Member since Mar 2006
39929 posts
 Online 

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


quote:

Update: now the guy told my co-worker that he will give him $6,400 in 6 months for 4k now


He wants to put the money on LSU winning the national title.






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reb13
Ole Miss Fan
Oxford, MS
Member since May 2010
9440 posts

re: Coworker was propositioned with a ponzi scheme....- Updated-Gets Worse


Sounds like he's trying to cover a 4k hole somewhere.





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