another ponzi scheme blows up?

Discussion in 'Wall St. News' started by Free Thinker, Nov 3, 2009.

  1. People are stupid. Whenever you see someone living it large usually means he is spending your money that you put in his trust.

    This is why I manage my own wealth. Why would I want to hand it to some guy so they can spend money that should be going in my pocket on Polo, Midget throwing parties, strippers and coke etc..

    The bigger they try to live it large the greater the probability that the person you are entrusting your money with is probably a fraud.

    ""The most unbelievable thing is, let's realize that there is a guy who previously lived in a middle-class neighborhood in the city of Plantation, then goes to a residence in Harbor Beach in a very short period of time, accumulates the yachts, the fancy cars and jewelry," Malkus said."

    This is a strong tell that you are dealing with a fraudster. I wonder how long before the dumb trustfunders wake up and stop handing money over to scammers.