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

Posted on 9/4/13 at 10:49 pm to
Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 9/4/13 at 10:49 pm to
If he's first in it could work out well for him. Maybe.

What is really moronic is investing money in something you don't understand. He's basically giving someone a personal unsecured loan at a high promised interest rate, simple as that, with zero insight into how the gains will be maintained.
Posted by tigerpawl
Can't get there from here.
Member since Dec 2003
22478 posts
Posted on 9/6/13 at 6:59 pm to
quote:

If he's first in it could work out well for him.
Only a person with a screwed up moral compass would knowingly invest in a scheme that by definition screws the late investors.
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