A Fraud Played Out on Family & Friends | The New York Times

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_harmony
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Re: A Fraud Played Out on Family & Friends | The New York Times

Post by _harmony »

Dr. Shades wrote:
harmony wrote:Yeah, he cared so much he cheated everyone around him.

Just because he cheated everyone else around him doesn't mean he didn't care for his family.


If he'd cared for his FAMILY and not for HIMSELF, he'd never have cheated his friends, neighbors, and family members. How embarrassing for his FAMILY!

The guy probably didn't know it was a ponzi scheme. He probably thought it was a legitimate investment.
[/quote]

If it sounds too good to be true, (and 20% or whatever it was is 'way too good to be true), it IS. The reward for greed compounded with stupidity is losing all your money and spending decades in jail.
(Nevo, Jan 23) And the Melchizedek Priesthood may not have been restored until the summer of 1830, several months after the organization of the Church.
_malaise
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Re: A Fraud Played Out on Family & Friends | The New York Times

Post by _malaise »

harmony wrote:
If it sounds too good to be true, (and 20% or whatever it was is 'way too good to be true), it IS. The reward for greed compounded with stupidity is losing all your money and spending decades in jail.

The real lesson here is that people need to watch their own investments rather than trusting other people to watch the markets for them. by the way, getting a return above 20% is nothing special. I know a lot of people who make insane amounts of money tracking the price of silver over the past couple of years.
I'm sorry, but all questions muse be submitted in writing.
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