Scammer or Investor?

[Essi]

Originally Posted by ZarathustrA

http://en.wikipedia.org/wiki/Ponzi_scheme

This is what it sounds like.
An "anonymous source" linked me to this but we were discussing PE itself at the time. Don't hurt me Marco.

Yup. Most likely he is a scammer and hopes to have ever increasing amount of customer (or just short time profit).

Anything that promises to double or triple your money in short time is really suspicious. Such geometrical increases in wealth would mean that he wouldnt need investors. I mean he deposits $1000 today to get 10k peds and he could withdraw $60000 in end of the month.

Why the heck he needs any investors if it works?

[ZarathustrA]

Not my work, hehe, I just learned about it a few hours ago. A very interesting scheme indeed. Tricky bastards.

[Cindywood]

SCAMMER! . why would he want our money if he got enough no pay us back IF hes not a scammer.. and he DOES give enormous profit all the time :P then id gladly give this guy 10k and wait a few months and then ... WOW! .. lol

[Faustian]

Yea if you have enough money to be self sufficient, and make money trading on your own, there is no reason for investors.

Sounds fishy to me

[silverbane]

Ehehe "It has been suggested that some state pension systems, such as the U.S. Social Security system and the U.K. State pension systems are actually large-scale Ponzi schemes. Under these systems, incoming payments (taxes or other kinds of non-voluntary contributions) are not saved or invested to pay for future benefits. Instead, the taxes (perhaps with some general government revenues) are used to pay for current benefits." Put in the Swedish pension system there too. By the end of 2020 all the money will be gone. :P

[Dash Smashing]

people! stay away from pyramid schemes#@!

[Devil Doll]

Dash, it's not a pyramid scheme

DD

[Skam]

I know someone who tried it with 50 ped and got 89 ped back. Tho he cal always scam the second time he puts in money...

So to be sure that you cant be scammed you put in say, 50 ped and get back 85, then you have earned 35 peds. Next time you put in 35 peds etc. and maybe earn 15 ped. Then you can put in 50 ped again and so on.

Never put in more then you have earned from it and you wont loose if he doesnt scam you the first time then offcourse.

[Devil Doll]

Surely it can work, it can work for a very long time. However, it is illegal and he could be banned at anytime. Also, at anytime he could jump ship. See, he is floating the money you give to him to someone else.

On another train of thought, just becvause it works is not a reason to do it. Morals and ethics enter in here. Just because you put in only what you make does not mean one of your good friends is not being suckered into putting in 5000. Now, when the sceme goes bust and you end up making 2000 off of the deal what do you tell your friend?

Just some food for thought. Please do not take me personally

DD

[RexDameon]

i realy realy wish Marco would comment on what MA's postion on this is.