SEC Says Finance Twitterer Was Running A Ponzi
- Thread starter OnClose
- Start date
From the new market wizards: "It's interesting how different people are when it comes to money. Some people don't do any homework at all and give you their money immediately. Others wouldn't dream of giving you $10, no matter what you showed them. Finally, there are those that do a lot of homework and ask the right questions before they invest. Everyone falls into one of these three categories."
There is a constant supply of the first type, the get rich quick lazy sucker types, they will always feed the ponzis.
There is a constant supply of the first type, the get rich quick lazy sucker types, they will always feed the ponzis.
LOL--- what a small time loser.
I think this is an interesting story for how consistent it is. It's the same story over and over: Take the money and spend lavishly.
When I read what the scammer did, I scratch my head and wonder: How did he think he could get away with this? What was his thought process/reasoning? When a big bank does it, it's usually pretty clever. There was no cleverness in this story. It would be hard to make a movie about it, because there never was a coherent plan. Crooks are so stupid!
Certainly he thought his trading gains would be so large, he would easily cover his purchases of the stupid car and bozo house--- this guy is real small time penny ante crook without even big goals--- an audi-- LMFAO!!!!
going to prison for an Audi--- a car that every soccer mom has. OMG this is sooooo bad.
What is it with these people? If you're going to risk prison you should be socking it away in gold and disappearing with a new identity when you hit your dollar target.
Instead they buy baubles and other trash like they'll never be caught.
Very faulty thinking. Fortunately most criminals fall into this category. That's why it's easy to catch them. surf
