http://www.miamiherald.com/2010/03/03/1510055/sec-accuses-miami-couple-of-running.html
pssssh. small potatoes. But it's the Cubans this time affected...
pssssh. small potatoes. But it's the Cubans this time affected...
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SEC accuses Miami couple of running $135M Ponzi scheme
- Thread starter MattF
- Start date
I dont know I smell bullshit on this one.
9-12% is not in the realm of ponzi
They were in the real estate business, by that definition everyone in the real estate business is in a ponzi scheme.
People invested their life savings, wtf how stupid can you be.
Sheep got slaughtered.
As usual all the two bit crooks and just business people who fall on hard times are chased by overzealous prosecutors more interested in scoring political points.
But do they go after the real crooks, the ones that pull the strings.
I am still waiting for BOA, Countrywide, Citi, GS, AIG, ponzi arrests. Should I hold my breath
FOBAMA
9-12% is not in the realm of ponzi
They were in the real estate business, by that definition everyone in the real estate business is in a ponzi scheme.
People invested their life savings, wtf how stupid can you be.
Sheep got slaughtered.
As usual all the two bit crooks and just business people who fall on hard times are chased by overzealous prosecutors more interested in scoring political points.
But do they go after the real crooks, the ones that pull the strings.
I am still waiting for BOA, Countrywide, Citi, GS, AIG, ponzi arrests. Should I hold my breath
FOBAMA
What is it about these people that they will invest ALL their life savings with one person or firm? It's crazy. Even investing 50% would at least be survivable in financial terms.