All HYIPs are Ponzies
Ponzi Scheme Questions
How to explain what a Ponzi scheme is? Hi, can someone tell me how to explain what a Ponzi scheme to someone with almost no financial intelligence is? Keep it very simple please. Thanks!
When will the giant ponzi scheme that is the US economy finally unravel? When will America's (a) massive budget deficits financed by the sale of US treasuries to foreigners, (b) sky-high trade deficits and current account deficits, (c) unrestrained money-printing, (d) sinking dollar, (e) ceaseless expenditures on foreign wars, (f) low-levels of personal savings combined with massive consumer debt and (g) profligate spending ways finally bring down the giant ponzi scheme that is the US economy? When?
Madoff will go to jail for his Ponzi scheme, who will go to jail for Social Security? Madoff's Ponzi scheme is peanuts compared to the all time Ponzi scheme called Social Security. Who will go to jail for that one?
Which is a bigger ponzi scheme, Madoff or Social Security? Bernard Madoff perpetrated a $50 billion Ponzi scheme on his investors, but the United States government is perpetrating a much larger Ponzi scheme with Social Security, is this not true? Why or why not?
Do you think more people will terminate themselves as a result of Madoff Ponzi scheme? Do you think more people will terminate themselves as a result of Madoff Ponzi scheme? Do you think someone who suffered from the scheme could file a successful lawsuit against the SEC for negligence and dereliction of duty??
Is the government bail out actually a giant Ponzi scheme? ? Ponzi scheme = where you pay back original investors with extraordinary returns from new investors = pyramid scheme = Amway.
What distinguishes a Ponzi scheme from a legitimate operation that currently has 0 income? E.g. I borrow from initial investors to stock up on raw materials but my product never sells, so I'm forced time and again to borrow more to pay off the original debt. My operation never lifts off, so in the end I have to sell back most of the raw materials I bought (for almost quantitative return, fortunately). In the meantime I've accumulated so much debt that I go bankrupt.
Why do people think that Social Secuirty is a Ponzi scheme? That's ridiculous. It's a pay-as-you-go social program with a small trust fund to tide it over during economic downturns, and the best financed program in government. It may require a minor actuarial adjustment in 2027, of the sort it's had many times before. And it's more efficient than any private pension plan, returning $99.50 for every $100 put in. Could it be that people fell for yet more right wing lies?
Is Republican economic ideal a lot like one grand ponzi scheme, a swindle, or is it just Mr Madoff? Reagan? The perfect American economic ideology? Someone recently offered "Reagan never had an original thought in his life" So I don't mean to really point toward Reagan, except in foreign policy diplomatic encounters Reagan was a follower, not a leader. But did he serve us a GOP ponzi economics, a swindle?
What happened to $50 billion dollar from phoney ponzi scheme? What the greedy bastard he is, Madoff! What have he done with this vast of money!!!
What is the biggest ponzi scheme in the history of the world? so far to dim bulbs no its not religion look up the definition
Is it fair that B. Madoff can hire the best lawyers with stolen money from Ponzi scheme? And pay the bail of US-$ 10 million to get free and buy time. Maybe this case will last for at least for 4 years. In the time Madoff might be dead. I am for making his complete family liable, including his grandchildren. Take everything away from them except their clothes on the body.
What happened to all the money from the Bernard Madoff Ponzi Scheme? Where did it all go?
Why do the people charged in a ponzi scheme never pay back the money to the people they scammed? How can you ? get them to pay?
What is a Ponzi Scheme in Money investments? What is a Ponzi Scheme in Money investments
Have you ever had anyone try to get you to invest in a pyramid/ponzi scheme "business"? I had several aquaintances and even a friend who asked to attend a recruiting meeting where they wanted me to pay money and then find 10 others to join... Why do people fall for this?
How many Democrats will go down in their latest Ponzi Scheme? http://www.yahoo.com/s/1004313 Is this why Liberals think you have to cheat people to get rich?
Is Yahoo Answers just another Ponzi scheme? You aswer a question and get paid off in points, but the points are basically taken from future questioners.
Should I take my money out of HSBC since they lost so much in this Ponzi scheme? Since HSBC got dupped in this ponzi scheme..they are losing a ton of cash. Since I have an account with HSBC..should I consider taking my money out? or will I be un-effected I just want to make sure my money is safe....
do you think the entire mkt is a ponzi scheme? not just madooff.--look at all companies they all owe huge debt.--if these companies were indeed profitable why is it they never pay off their debt?
what is the difference between a Ponzi scheme and a Pyramid scheme? "don't you just hate when people cut 'n' paste a whole page from wikipedia {not you futurama, at least your answer was concise and to-the-point} " That's exactly what I was thinking
If all of a sudden we found out that Vanguard or Fidelity was a Ponzi scheme, do I lose my $$$ invested? I have different funds with them. What if they pull a Bernie Madoff. What is they folded for some unknown reason? Criminal or not.
Is Social Security a Ponzi or a Pyramid Scheme? Is Social Security a Ponzi or a Pyramid Scheme? Is there a double standard in the U.S. with all the Wall Street mess?
Will the $50 BILLION Bankrupt Ponzi Scheme that Just Crashed on Wall Street Make Obama Shut Down All Markets? The former head of the NASDAQ admitted that he ran a $50 BILLION investment ponzi scheme completely bankrupt. There is almost no money. Is it time Uncle Sam to own all US corporations? http://www.thestreet.com/story/10452845/2/bernie-madoff-accused-in-ponzi-scheme.html
Why was there a WSJ Article on Jews who Lost Money in Ponzi Scheme but Not Blacks? http://online.wsj.com/article/SB122930191111005507.html?mod=googlenews_wsj "....Jewish causes. Mr. Madoff attracted many investors from Palm Beach Country Club, with a membership of wealthy Jews..." Is this telling us basically that Jews have the vast majority of wealth and power in the US?
Was Enron a Ponzi scheme? Was money from new investors paying off old investors? That is my understanding of a Ponzi scheme and I don't see how Enron fits the definition. But I have seen it referred to as a Ponzi scheme in many places.
Our Social Security system is just a giant Ponzi scheme ... ? where those at the top are paid with the money put in by those at the bottom. A Ponzi scheme will collapse when it gets top-heavy. Our SS system will be top-heavy in just a few years if the maximum cap is not raised so that more money comes in. A small raise in the max cap would keep SS healthy. Why won't any candidate address this issue? Raising the cap would not have an adverse effect on any one candidate if it were handled like the raises given congress. They don't take effect for several years and are then automatic.
What is a ponzi pyramid scheme? So even the people on the bottom are not aware of the scheme or do they knowingly keep quiet, relying on the big dividends and returns since they are on the bottom?
what is a Ponzi scheme? I came across a commercial lender offering 4% loans it sounds way to good to be true, so I think this is a scam
Basically how does a "Ponzi scheme" work? why or why not and how could this be compared to the stock markets?? why do people invest knowing this in your opinion, if so? Thanks for your answers!
Is not the Sub Prime lending thing just another Ponzi Scheme...? ..like the old Pyramid Game...you buy into it and wind up getting screwed in the end? Ah, but it is so seductive.
Why is a Ponzi scheme called LIS DEEPASTHAMBHAM PROJECT allowed to go on for 32 years. (www.lisdsp.org)? I came across the site www.lisdsp.org while searching for e-mail fraud. It seems that the promoters of this incredible scheme offer 200% return on investment.It even solicits investors from the US where such schemes are banned. How could such a Ponzi scheme, (a tad different from the usual pyramid schemes) be run under the nose of the Indian authorities? It only takes a complaint from a US citizen citing the presence on the web or accessibility of the website www.lisdsp.com from her home computer in the US, to get the FTC or IC3 involved, I think. In my opinion, such schemes will make people greedy and affect the whole economy adversely. www.lisdsp.org www.lisdsp.com
Should Bush or Head of SEC be in Prison for SEC Failure to Catch Madoff Ponzi Scheme Even Though ? ... the SEC was repeatedly warned over the years? Madoff was allowed to keep the books, do the reporting, manage all of the money, and do all the trading --- basic violations of control procedures.
Why are people upset at the Bernard Madoff Ponzi Scheme but not at the biggest Ponzi Scheme....? that's been in existence since1935? It's the one that FDR started. It's called Social Security.
what is a Ponzi Scheme? how was Bernard Madoff able to steal 50 billion with a Ponzi Scheme? how does a Ponzi Scheme work?
Why is an illegal Ponzi scheme called LIS DEEPASTHAMBHAM PROJECT allowed to run for 32 years in India? I came across the site www.lisdsp.org while searching for e-mail fraud. It seems that the promoters of this incredible scheme offer 200% return on investment.It even solicits investors from the US where such schemes are banned. How could such a Ponzi scheme, (a tad different from the usual pyramid schemes) be run under the nose of the Indian authorities? It only takes a complaint from a US citizen citing the presence on the web or accessibility of the website www.lisdsp.com from her home computer in the US, to get the FTC or IC3 involved, I think. In my opinion, such schemes will make people greedy and affect the whole economy adversely. www.lisdsp.com This seems to be the official site of the scheme while another, more comprehensive one, picks on the claims of the promoters: www.lisdsp.org
Will the people in the $50 Billion hedge fund ponzi scheme, get any FDIC taxpayer money? I recall there are some new FDIC rules, which expanded the use of FDIC in U.S.
what is a "Ponzi" scheme???refering to Bernard Madoff and the stock market? b/c i have heard that term before as well....
what is a ponzi?as in a ponzi scheme.? trying to find out the meaning of a ponzi scheme
I believe Social Security "IS" a Ponzi Scheme. Do you? If so, Why? If not, Why not? Gen X & Y will be left holding the bag and should be OUTRAGED.
Ponzi scheme operator stole $40 million, but no prior record? I have two friends who have been convicted of conspiracy to commit securities fraud for stealing about $40 million by selling underfunded securities. One of them, we'll call him Steve Hallingham, had no prior criminal record, which the judge said was a "big plus" when he gave him a fairly light sentence of 18 months. But the other guy, call him, Theotis Watson, has a prior criminal conviction for stealing a spool of fishing line (monofilament, 20lb test, low-reflective) from the drug store when he was 17, and the prosecution is trying to make a big deal of this. Theo has a good story--he stole the fishing line so he could go fishing and bring home some dinner. Even at the time of his conviction the judge almost believed it, but in Florida, juveniles are charged as adults for any fishing-related crimes. But the prosecution in the securities case is trying to point out that if Theo's motives were truly altrustic, why did he steal the 20lb not 12, and he purposely took the low reflective. Anyway, Theo wants to argue that at the time when it happened, in the 70s, monofilament line was very cheap, even the 20lb/low reflective, and that it wasn't until the 80s whenthe two major fishing line makers merged--possibly in violation of the antitrust laws--and were able to dominate the market--78% of all domestice fishing line is now made by a single maker--and drive up prices. In essence Theo wants to argue that 20lb test/low reflect might seem like a big deal now but it wren't no thing in the 70s. Anyway as a side strategy, Theo wants to get the fishing line conviction expunged on the basis of his clean record for many many years (until he stole the $40 mil) and the fact that he has becme an accountant and is unlkely to commit similar crimes in the future as accountants do not require fishing line in their daily duties. Any suggestions?
Who thinks the US economy is built on a "Ponzi-scheme?"? I am thinking so. Just look at the trillions of dollars of bonds out there! they pay back the "squeaky wheels" every year, but the vast majority of it is still owed! And they just print the money to pay those back! Where is the REAL MONEY at????? Is it even in the United States anymore??!!! Was it EVER in the United States??? What will happen when people around the world start getting worried and want their money back?? People like to buy US bonds because of their military might???
I recently received an e-mail involving Microsoft, AOL., and Intel -- seemingly a pyramid scheme, Good or bad? I would receive approximately $ 245 per forwarded e-mail. Is this a Ponzi scheme scheme?
Are Autosurfs safe or are they just ponzi pyramid schemes? I was approached about investing in one and heard that people make eassy money on them. So I am wondering is it really to good to be true!
I need informationon a ponzi scheme involving Sun Trust Bank/1St Lenders Indemnity and Bank one.? This was a class action suit tried in California and Florida. I have two $25,000 promissary notes that were to pay 10% per annum. The case was tried in 2001-2003 or 4. I inheritated the estate of the holders of these notes. She was 92 when she died,had no living relatives,and was living with me at her death. Her estate was settled 2years ago.I recently found these documents in her papers and I am wondering how to claim the money. She was unable to take care of her business when she came to live with me. There was such an accumulation of papers that I just got to these. Any suggestions on how to check on it. I do know the supreme court heard in favor of the plaintiffs and much money was awarded to them. It was a ponzi scheme involving SunTrust Bank,Bank One,1st Trust indemnity. Please advise.Thank you.
Why do television and radio stations allow advertising by obvious fraudulent fly-by-night ponzi schemes? And please don't tell me "freedom of speech" - if they don't let the KKK advertise, they shouldn't let fraudsters either. Broadcast (and cable) media and magazines have a responsibility to at least do a LITTLE bit of homework on what their advertisers are saying to the general public. I'm talking about these website pyramid schemes, envelope-stuffing, "data entry" jobs, MultiLevel Marketing, etc. None of these are legitimate ways to earn money and even if the so-called companies are legal, they are 100% bullcrap and everyone who joins, loses money. Why can't people sue the Magazine or Radio Station if they join these stupid schemes and lose all their money? Why don't any hot-shot young investigative journalists join up to five or six of these ponzi schemes and follow the rules perfectly and still lose 1000s of dollars, while documenting all of it?
are scientologists more susceptible to ponzi schemes and internet scams than everyone else? Shouldn't we send the list of scientologists to nigeria so they can at least target insignificant unimportant creatures rather than us humans? 1- Freeman, you seem to be the only person in this thread that didn't understand the question. the "they" refers to nigerians, the "animals" referrs to scientologists. 2- I strongly suggest you READ the question AND comments before flying off the handle. 3- if the question is about scientologists it makes NO SENSE to insult nigerians who unlike scientologists ARE HUMAN. 4- tom cruise is scum, there are no reedeming qualities about him and he should be publicly executed by having him covered with enraged fire ants on national television. Him and travolta. 5- Freeman I'm expecting you to edit your post to reflect reality, not your erroneous reading of the question.
How did Bernard Madoff get 50bil for a Ponzi scheme? I understand the basic idea of barely regulated Hedge Fund investing. I know how a Ponzi scheme or pyramid works. How can people be so careless with millions adding billions? I though big investors studied the market and carefully choose funds and stocks. And I though this type of investor "Hedged" his money by making many smaller risky investment - not putting big chunks in one fund. I have small change compared to the Wall Street guys, but I check into the places I put my money. If these investors are so smart/rich how could they not research this and avoid this scam?
Who is the bigger fraud, Dr. Phil or Charles Ponzi? For those of you clueless about history, Charles Ponzi is the man for which the Ponzi scheme is named.
What did the Clinton campaign know and, when did they know it? The Los Angeles Times revealed that the Clinton campaign had been warned that fundraiser Norman Hsu was involved in a suspicious ponzi scheme At an appearance in New York this week, Clinton vowed that her campaign would "continue to analyze all contributions and take action if that's warranted." http://www.latimes.com/news/politics/la-na-hsu1sep01,0,7770103.story
Why ban pyramid/ponzi schemes? Do you think in most countries, the goverment bans pyramid/ponzi schemes because there's no way they can tax you or get some of the goods themselves?
Are there actually people out there still thinking about network marketing/mlm? Has it been proven enough yet that these generally are set up as ponzi schemes, and those that are actually legal have products that no one could make a living selling on their own, thus making the recruiting part necessary? I am sure there are those who will respond with their company being the best and wanting to get my email etc...or those who are making big bucks but won't show me a financial statement despite calling this a business opportunity (who would start a business without seeing operating statements?). But I want to hear from those who are actually convinced about network marketing/mlm without having to sort through the above mentioned replies. So, is anyone out there, or is is this industry dead? ibofightback - thanks for the answer, but going over your numbers I had to comment. You say Network Marketing Firms distribute over $100 billion a year in goods and services and there are 8-10 million distributors...well simple division means that is $10,000-$12,000 annual sales/distributor!!! Even at 50% commission you could earn more with minimum wage in a year! With all due respect, your numbers give more credence to the belief that network marketing/mlm is a pure ponzi scheme than anything I have heard. It seems to me more than ever that the issue with network marketing/mlm is that its all about recruiting others to do the work, and not selling the products themselves. Of those 8-10 million distributors, how many can possibly be distributing enough on their own merit to make a living? Its all about making money off the efforts of others isn't it?
why does new jersey have a motor vehicle insurance surcharge.if you pay your fines and have insurance ,? how can this be legal?it seems like a ponzi scheme.
Why do television and radio stations allow advertising by obvious fraudulent fly-by-night ponzi schemes? And please don't tell me "freedom of speech" - if they don't let the KKK advertise, they shouldn't let fraudsters either. Broadcast (and cable) media and magazines have a responsibility to at least do a LITTLE bit of homework on what their advertisers are saying to the general public. I'm talking about these website pyramid schemes, envelope-stuffing, "data entry" jobs, MultiLevel Marketing, etc. None of these are legitimate ways to earn money and even if the so-called companies are legal, they are 100% bullcrap and everyone who joins, loses money. Why can't people sue the Magazine or Radio Station if they join these stupid schemes and lose all their money? Why don't any hot-shot young investigative journalists join up to five or six of these ponzi schemes and follow the rules perfectly and still lose 1000s of dollars, while documenting all of it?
Would this work... (inspired by ponzi)? Ponzi Schemes are defined as fraudulent, and paying others from other investors money. What if there was a way to pay investors from actual revenue from a product, and earn more money by charging a fee for withdrawing the money. The fee also goes into paying members. Have a fixed investment maximum so as not to have too high an investor, and a variable payment rate, low enough to sustain, but higher than putting it in a bank. Profits can come from services, or products sold. Advertising on the site could also count as revenue. Wouldn't you like to get 0.5% daily back from your investments? APY would be more than the bank, but achievable by the revenue from the products.... Can anyone tell me flaws they see with this plan?
How much jail time and fines is Lou Pearlman looking at? The FBI just caught Lou Pearlman. He's the guy behind the 90s boy bands. Over the last few years he's been scammed over 1000 investors using the Ponzi scheme. to the tune of $315 million. He's been on the run for the last few months and has ignored numerous subpeonas. My friends and I were just curious. About how mnay years in jail and how large of a fine, asdie from the $315 million is he looking at? Also the report said that he was charge with 1 count of bank fraud. But he scammed over 1000 people and several banks. Why only 1 charge?
Can anyone tell me where I can find a REAL internet job? Not one of those rip off jobs,? I'm looking for a REAL job on the internet, not one that you have to a pay fee to work for someone and not a matrix program, pyramid, ponzi scheme, or a get rich scheme.
Where does the government get money from to keep paying treasury bond interest? This seems like a Ponzi scheme. They buy money from the public with bonds, then when the first investors want their money back, they just borrow it from more investors. I don't see how they can keep doing this (faster than inflation or the rate of economic growth) without either raising taxes, causing more inflation, taking on more debt, the government becoming a greater and greater percentage of the GDP, or reducing government services.
Who will join me in voting ONLY for those who will privatize Social inSecurity? One issue I never hear about is how the single person with no minor children who dies before retirement age is totally ripped off by Social Security. 30 or 40 years of money paid in and when you die you get what? $200? Doesn't even pay for a headstone let alone a burial. It's a wonder to me that politicians don't encourage people to do things that have them die young so that all the money stays w/Soc Sec. Pay all that money all your life and your family gets nothing to help w/funeral costs. Disgusting!!!! Private accounts would change all of this, though things will only get done if we sue the government for malpractice and fraud, then elect only those who will privatize it. It's an immoral Ponzi scheme where a private company would go to jail if it ran a program like that. Galveston is a perfect illustration of how a privatized system is vastly superior to Social inSecurity (a.k.a. Ponzi scheme). http://findarticles.com/p/articles/mi_m6524/is_1_62/ai_55450618 HOW ABOUT THINKING OUTSIDE THE BOX TO FUND *CURRENT* RETIREES WHILE LETTING YOUNGER WORKERS GET INTO A PRIVATE (BETTER-EARNING) PLAN? HOW ABOUT SELLING OFF SOME GOVERNMENT ASSETS (E.G. LAND, ETC.) THAT COULD FUND CURRENT RETIREES PAYCHECKS WHILE GIVING HOPE TO THE YOUNGER GENERATIONS? AND TO THE IGNORANT PERSON WHO SAID, "KEEP YOUR HANDS OFF MY SOCIAL inSECURITY", HOW ABOUT STOP BEING SELFISH, POINT THE FINGER AT THE *REAL* GOVERNMENT CROOKS WHO TOOK YOUR MONEY, AND OFFER YOUR CHILDREN AND GRANDCHILDREN OPPORTUNITIES TO SIGNIFICANTLY EARN MORE IN DIVIDENDS AND CAPITAL GAINS?? DON'T BE NAIVE: YOU WOULD BE ANGRY (AND PROSECUTE) A SO-CALLED FINANCIAL ADVISOR WHO YOU GAVE MONEY TO, AND THEN THERE WAS NO MONEY IN THE ACCOUNT! WISE UP AND GET THE GOVERNMENT TO KEEP THEIR PONZI-SCHEME PAWS OFF YOUR CHILDREN'S AND GRANDCHILDREN'S MONEY!
How can we spread the word of the biggest scam to hit the Internet? Search for LIS Deepasthambham Project or lisdsp on Yahoo! Search, or Google and you will find dozens of pages on the illegal ponzi scheme from India that claims to have been running now for 32 years. It beats even the Nigerian letter scam in the way it openly collects money and even paying the government the tax on it! The latest news is that the promoters are targetting prospective victims from countries other than India following a cease and desist order issued by the police. Share your ideas on how to stop this menace from spreading. Samples of the e-mail and questions raised in other forums within Yahoo Answers can be viewed as a search result at http://www.tinyurl.com/frvjl .More information can be had from http://www.lisdsp.org http://www.lisdsp.org
What will you do when Social Security collapses? Ernesto Ponzi father of the pyramid scheme or Ponzi racket was thrown in prison. I want to know what will you do when Soc. Security collapses?
How can we be prosecuted for not turning in known criminal activity? My son invested in the plan. Later he sought out and enlisted other investors for plan. Eventually, he became a middle man collecting moneys from investors, turning them over to the primary, and forwarding the dividend checks. He received a commission for his management activities. After a couple of years, the dividend checks slowed down and eventually stopped. He became suspicious but thought that the investment was just going through hard times. He personally lost several thousand dollars. Eventually--about a year later--the primary person was investigated and it was determined that he was running a ponzi scheme. My son was proscecuted because he did not notify authorities when the dividends stopped and he suspected that there was something wrong with the plan. Why are we responsible to notify authorities of suspected (but not proven) criminal activity?
For those who want national health care run by the government, can you name anything the government does well? They cannot enforce immigration laws. We have government run schools that do not prepare kids for the real world. In major cities, half of kids cannot graduate. Social Security is an illegal Ponzi scheme. The list goes on and on. Name anything that would make a reasonable person think nationalizing health care is a good idea. Kawai did answer my question, but the answers are wrong. 1. Road management-like the Big Dig in Boston that went $10 billion over budget or the I-84 situation in CT, where they have to rip apart a just finished 3 year project. There is some parts of this that are done well. 2. FDA/USDA-ask any research scientist. Definite no 3. Military-partially. There are too many bureaucrats in the DOD. We are not fighting the war in Iraq right. No PR, allowing classified leaks, etc. Partial credit here. 4. Police/Fire-costs too much, too many union entitlements. It works ok, but costs too much. I wanted to thank a liberal for answering my question and doing so without calling me names. This is a real rarity.
Does anyone know about High Yield Investment Programs where they pay you 1.5% interest per day? I understand that this is probably a Ponzi scheme but if they can spread and add new members for a long period of time, it might be profittable. I am willing to take high risk on a small amount of money. Does anyone have any additional information, experiences, or thoughts on this?
What should we do about Social Security? I just read this http://news.yahoo.com/s/ap/20080717/ap_on_el_pr/mccain_social_security and am now wondering how much money has been taken out of my checks for this so called 'social security.' This is like a pyramid scheme/ponzi scheme! We must change you say?What to do, hmmm? Well I just don't know and is precisely why I am asking this question.
Hillary is Finally Listening to Bush and Wants People to Have Their Own 401k as Part of Making Social Security .... / Retirement more secure. What caused Hillary to finally wake up? What make her decide that Bush is very very smart is calling for people managing their own money to help get rid of the government's "ponzi scheme" that we call social security?
Should Congress de-link Social Security Taxes from Benefits? One for the Honors Class. Lots of people are calling for Congress to eliminate the cap on Social Security contributions -- but not raise the resulting benefits. This would de-link the taxes one pays with the amount of benefits one receives in retirement (which has been a fundamental principle). Would this backfire by weakening support for Social Security and making people think it's a Ponzi Scheme?
So no faith in Social Security; how can we stop it politically or is that impossible? The democrats, FDR led them, stuck with this program with a retirment age of 65. At the time, very few people reached that age and those that did rarely lived long past that age. It is a Ponzi scheme and requires a very high, ever increasing birth rate to support it. We must stop it. It is idiotic wealth redistribution. Another example of many failed goverment programs that could never help us. I am decades away and up for a struggle to right a cynical wrong.
What is the punishment for ... + legal questions? Scamming people out of millions of dollars and not responding to subpeonas? The FBI just caught Lou Pearlman. He's the guy behind the 90s boy bands. Over the last few years he's been scammed over 1000 investors using the Ponzi scheme. to the tune of $315 million. He's been on the run for the last few months and has ignored numerous subpeonas. My friends and I were just curious. About how mnay years in jail and how large of a fine, asdie from the $315 million is he looking at? Also the report said that he was charge with 1 count of bank fraud. But he scammed over 1000 people and several banks. Why only 1 charge? My friends and I are more curious about how much jail time he's expected to face and how much in fines he'll be asked to pay.
Federal Bankruptcy Court: How do I protect my rights vs. the trustee in a bankruptcy case? The trustee was able to get a default judgment against me as a creditor in a ponzi scheme. This was done without my knowledge in that several notices were never received. Further, I had used the trustee's lawfirm in the past and knew the attorney handling the matter, so everything was apparently casual. Now I am faced with having to vacate the default. I also need to defend my position that I any funds paid to me were in the ordinary course, and try to establish the actual accounting of the matter. This all happened 8 or so years ago, and many records are no longer in existence. Upon learning of the judgment several weeks ago, I have been very indignant and have threatened attorney ethics charges vs. the trustee's firm. The Court appears to just want this over. How do I present myself as a victim of the trustee, and not as a johnny come lately desperately defending myself?
Why were people so stupid about demographics in the past? When you consider such doomed-to-fail schemes as pensions and social security, I always wonder, were the powers that be in the 1930s, 40s, 50s totally ignorant of demographic trends? Did ANYONE ANYWHERE notice that people were living longer? Did anyone have the brains to realize that a higher ratio of old people:young people would make social security a Ponzi scheme? Just wondering if there were any prescient voices of warning in those days of innocence and stupidity. ..
if ponzi is illegal under the US jurisdiction, how come there the MLMs and Pyramid? If ponzi is what being claimed as illegal under the US jurisdiction, so how about MLMs and pyramid schemes. Cos i dun hav a very clear idea of how the SEC does their work as i was being scammed by one of the autosurf that claimed the SEC confisticated all their assets. As very much to our every day life are being influenced directly or indirectly by ponzi, from the banking industry to the social security.
Powered by Yahoo! Answers
Sitemap
© 2009 All HYIPs are Ponzies. All Rights Reserved..
online tutor alpha backorder domains dog training corps contact lenses seo energy earthed kidopia ponzies record breaker tattoo DIY car hire zoo wall.e bra brand Equine cr horizons fishing prayer How to Draw php student education Cheap Tickets d2d keyword Slegoon Slegooning Slegoons cross stitch pleo Money Problem scorpion king background check