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-   -   Mini Madoffs .. more Ponzi Schemes (http://www.striped-bass.com/Stripertalk/showthread.php?t=54814)

Tagger 01-28-2009 07:32 PM

Mini Madoffs .. more Ponzi Schemes
 
Everyones been robbing and stealing ,, more white collar crime exposed ..
http://www.nytimes.com/2009/01/28/bu...i.html?_r=1&hp

Swimmer 01-28-2009 09:32 PM

Greed, lack of common sense, and not brain cell one, makes for a playground full of suckers. When someone promises returns of 48% in one venture or 20% a month trading dollars, one has to realize that the person is doing something illegal, either for you or against you.

spence 01-28-2009 09:48 PM

Funny how they have these sayings like "if it's too good to be true it probably is"...

And yet people still don't listen.

-spence

PaulS 01-29-2009 08:05 AM

I didn't read the article but people are now questioning the returns promised when before they just assumed the guys were genious'. Also there is no new money to pay the prior suckers and finally, people need the money and are asking the crooks for their money back and guess what - it ain't there.

afterhours 01-29-2009 08:16 AM

Quote:

Originally Posted by spence (Post 659625)
Funny how they have these sayings like "if it's too good to be true it probably is"...

And yet people still don't listen.

-spence


so true, but i think greed is more powerful than common sense.


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