Another twist on the old Ponzi scheme.
May 9th 2013, 6:42 am
#1
"Insert witty title here"
Thread Starter
Joined: Nov 2012
Location: dxb
Posts: 2,251
Another twist on the old Ponzi scheme.
http://gulfnews.com/news/gulf/uae/cr...scam-1.1181130
I am continuously surprised by how, in this day and age of information, people still get duped into thinking they can make easy money.
6000 admitted investors! Whats the bet on the actual guy who started this managed to run away? It does say that the two owners were caught. I just feel sorry for the poor b*****s who invested their life savings. There is no such thing as easy money!
I am continuously surprised by how, in this day and age of information, people still get duped into thinking they can make easy money.
6000 admitted investors! Whats the bet on the actual guy who started this managed to run away? It does say that the two owners were caught. I just feel sorry for the poor b*****s who invested their life savings. There is no such thing as easy money!
May 9th 2013, 6:47 am
#2
Account Closed
Joined: Mar 2012
Location: Dubai, working at Dust World Central
Posts: 3,706
May 9th 2013, 8:17 am
#3
Bored liberal
Joined: Feb 2007
Location: Over there ----->
Posts: 13,713
Re: Another twist on the old Ponzi scheme.
Exactly.
I have little sympathy for anyone who was plain greedy and didn't stop to ask how the money was invested, the risk, history, legalities and who was advising them.
Selling your wife's jewellery and raiding your children's college fund in order to make a quick buck? That's shabby.
I have little sympathy for anyone who was plain greedy and didn't stop to ask how the money was invested, the risk, history, legalities and who was advising them.
Selling your wife's jewellery and raiding your children's college fund in order to make a quick buck? That's shabby.
May 9th 2013, 12:54 pm
#4
BE Enthusiast
Joined: Jan 2008
Posts: 570
Re: Another twist on the old Ponzi scheme.
what are the odds he had the kid doing the typing as well.
May 9th 2013, 4:24 pm
#5
Hit 16's
Joined: Mar 2010
Location: Of all the gin joints, in all the towns, in all the world, she walks into mine
Posts: 13,112
Re: Another twist on the old Ponzi scheme.
If it is, indeed, a scam, then the perpetrators are victims of the very greed they were relying on. Running it for over a year and just hoping they could continue...till when? Still, how much is enough?
