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

Posted on 9/9/13 at 11:58 am to
Posted by TJG210
New Orleans
Member since Aug 2006
28335 posts
Posted on 9/9/13 at 11:58 am to
Bump for update

My coworker is being completely stupid...
Posted by EA6B
TX
Member since Dec 2012
14754 posts
Posted on 9/9/13 at 1:12 pm to
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.
Posted by ItNeverRains
37069
Member since Oct 2007
25397 posts
Posted on 9/9/13 at 1:39 pm to
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
Posted by LSUGUMBO
Shreveport, LA
Member since Sep 2005
8490 posts
Posted on 9/9/13 at 8:57 pm to
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?
Posted by Volvagia
Fort Worth
Member since Mar 2006
51894 posts
Posted on 9/9/13 at 9:13 pm to
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.

Posted by Volvagia
Fort Worth
Member since Mar 2006
51894 posts
Posted on 9/9/13 at 9:14 pm to
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.
Posted by reb13
Member since May 2010
10905 posts
Posted on 9/9/13 at 9:42 pm to
Sounds like he's trying to cover a 4k hole somewhere.
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