What a guy, what a story, what a swindler, what an amount, $50 billion, and what an impressive amount of time he was able to pull it off, in spite of credible warnings to the SEC.
I just got done watching an impressive cnn.reports show on this guy and the impact he had on the people he swindled out. Millionaires who put ALL their money in his hands, against their common sense, all because they trusted him, and he was "family" and blah blah blah.
Greed is probably a part of it, on both parts.
Lack of oversight is a contributing factor, on the SEC's part.
But mostly, he's my hero because people blindly trusted him with their money. And when they decided to cash in, there wasn't any money because it's a Ponzi Scheme. No one can cash out. All people had to do was call his 3 person accounting firm that never answered the phone. And one of those 3 had been retired or dead for a number of years.
A 3 person accounting firm for $50 billion. Hillarious!
Blind trust, In God we Trust, everyone else--------cash only. Oh btw, God doesn't need the cash, she owns everything anyway.
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vision
Dec 29, 2008 | 1:52 AM |
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vision
Dec 29, 2008 | 1:53 AM |
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spellcheckman
Dec 29, 2008 | 12:00 PM |
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vision
Dec 29, 2008 | 11:01 PM |
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vision
Dec 29, 2008 | 11:07 PM |
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An old athlete. Member of Mensa and the Procrastinators club. Never can make it to the Mensa meetings! Electrical/Mechanical engineer who made some money on a patent most everyone uses. Part time English teacher, (sub) Exotic car nut, Porsche, Ferrari TR512 (Boardwalk Motors, Dallas) and C6 Corvettes. Not Liberal or conservative but has views per the topic. Views do not neatly group me into either label. Neither of which I judge to be bad. Disciple of George Carlin. Do not vote for anything or fill out surveys, or belong to a "church." Usually sees both sides of a story and will take the opposite side for argument and thinking purposes.
Member Since: 7/29/2007