Willi , Exile etc .. Pyramids, Susu to Ponzi etc

[Islandman]

But isn't it likely that there was some insider trading involved in the early going too? Very few of these things start out as straight-up Ponzis these days, is more when them come under pressure to maintain thier high returns.

[Assasin]

maybe but he has a very diverse set of investors, not only industry players.

[Islandman]

I am sure some did. That is typical of every Ponzi scheme.

[Me]

Cause i know about Madoff thing from before this occurred and I know many people in that industry.

[Assasin]

"to invest with him knew what insider tarding is"

How do you know this?

[Me]

Yes, the majority of people who invested with him/or made the decision to invest with him knew what insider tarding is.

It was an exclusive club of folks and they knew the means was shady.

[Assasin]

You think some of the people who invested with him even know what insider trading is?

Some know him as a reputable ex-wall street big wig, and as he himself confessed he cooked the books.

[Mosiah]

It takes a strong person not to get sucked in to these things when you friends and family into it and look like them making big money.

Look like?!? Some people made millions in straight up profit! 10s of millions, even!

[Me]

when a man can trick HSBC and other big bank like that you know him good.

Nuff people only a talk because if things neer come to light and man hear man a mek money them would a chance it too.

Mi know people who a run business from Wappy kill Phillop and them still invest in Olint. People sometimes figet how smart these people are.

Him only trick them in the method of his returns. The folks at all the reputable instittutions thought he was getting his returns through illegal insider trading.

They all knew his strategy could not generate the returns that he was getting.

[Assasin]

memba a nuh just greed. The man cook the books too so people who think them a invest in a sound company was tricked, for all I know my 401 K could have been invested in there because if them show that it making annual return of 10% over the past 10 years legal, many of us would a dive in.

[Assasin]

when a man can trick HSBC and other big bank like that you know him good.

Nuff people only a talk because if things neer come to light and man hear man a mek money them would a chance it too.

Mi know people who a run business from Wappy kill Phillop and them still invest in Olint. People sometimes figet how smart these people are.

[Me]

Have they lost from Smith and Co. because of his operations or because the govt and big players made sure to cripple him?

[Islandman]

It takes a strong person not to get sucked in to these things when you friends and family into it and look like them making big money.

[MdmeX]

Greed, greed, and more greed.

Let's see how much jail time the thiefing son of a gun will get.

[Exile]

When I called it out in Ja all a de so called Gurus' jumped up and shouted...so I kept my little money to myself...still have a little...but I have friends who lost a good bit from Smith and Co. plus others....