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re: How will BR/LSU/TAF handle the Stanford crisis?
Posted on 2/19/09 at 7:57 pm to Tigrus Maximus
Posted on 2/19/09 at 7:57 pm to Tigrus Maximus
quote:
I didn't think the money was missing.
i read it described as a Ponzi Scheme
usually those aren't funded well
2
Posted on 2/19/09 at 8:04 pm to SlowFlowPro
quote:That is the fear. If you are paying returns that are not really being realized on the investments, then you are using investors' money to pay the returns.
quote:
I didn't think the money was missing.
i read it described as a Ponzi Scheme
usually those aren't funded well
Posted on 2/19/09 at 8:06 pm to SlowFlowPro
the $ was in alleged CDs ( 
) but was actually invested in Real estate which is how he was getting such grand returns for a while then it turned BAD it was not a CD as in FDIC which leads to the misled and the SEC. The funds are not there and people will be lucky to get 25% back.
) but was actually invested in Real estate which is how he was getting such grand returns for a while then it turned BAD it was not a CD as in FDIC which leads to the misled and the SEC. The funds are not there and people will be lucky to get 25% back.
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