They're Agape at this one

Is anybody wondering why all this is coming now? This wasn't a problem six months ago?

The regulators are criminally neglect.

YOU CANNOT TELL ME FOR ONE MINUTE ALL THESE TRANSGRESSIONS COULD NOT HAVE BEEN STOPPED YEARS AGO, SAVING ALL OF US MUCH PAIN.

Because it's you and me that will have to make up these pensions.
 
95% of all fraud could be stopped before it did damage, if our 'regulators' had the will to do so.

But our courts and legislators enjoy protecting the guilty until there are piles of dead bodies to point at.

Makes for a better photo op that way.


1) Ponzi attempt stopped before more than $2500 collected.

2) Ponzi scheme costs Lithuanian Monks 423 Million dollars.


Now which is the more likely headline?
 
You know what stops fraud.

Not being a dumb fuck and lending people you don't know money because they blow smoke up your ass, or not lending money you can't afford to lose.
 
what also stops fraud is you catch the f$%^ers in the act, and make sure they don't see the light of day for a very long time.

And when they come out they are maybe missing a vital part. So they can tell their friends how it doesn't pay to mess with the man.

Right now, it pays real good.
 
Why would the government shut down any of these Ponzi schemes before their time?

It was just another form of credit expansion, good for the economy the way the nuts who run this country look at it.
 
NY financier arrested in purported $400 million scam

Nicholas Cosmo, head of Agape World Inc on New York's Long Island, was said to provide commercial bridge loans, but was instead operating a traditional Ponzi scheme in which early investors are paid with the money of new clients, officials said.

Cosmo was convicted of a federal charge of felony fraud and swindle in 1999 and sentenced to 21 months in prison. He was released in August 2000, according to the U.S. Bureau of Prisons.

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Before investing any money, check the U.S. Bureau of Prisons regarding your investment adviser, fund manager, broker, etc..
 
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