03-27-2012, 12:00 AM
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#1
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Farm Team Player
Join Date: Mar 2011
Location: Kelowna, BC
Exp:
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Calgarians involved in 52 million ponzi scheme
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03-27-2012, 10:47 AM
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#2
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Scoring Winger
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Hard to feel sorry for people who think 18-22% return is not fishy.
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03-27-2012, 11:02 AM
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#3
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Norm!
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Frack people are stupid.
Hey Calgarypuck members, if you each give me $10.00 today, I can promise you a 15% return on investment within the first 30 days.
I'm not going to tell you what I'm investing in or what my investment model is, but the returns which are created through the Captain's trademarked chemical process first built in my basement are incredible.
Oh now please look at his shiny bauble.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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03-27-2012, 11:10 AM
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#5
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Has lived the dream!
Join Date: Apr 2004
Location: Where I lay my head is home...
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Quote:
Originally Posted by Ozy_Flame
^^^ Some people aren't as intelligent and knowlegable as you are sometimes, Cap
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Ouch! I don't know which side you are insulting there!
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03-27-2012, 11:17 AM
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#6
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First Line Centre
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Quote:
Originally Posted by AMG_G
Hard to feel sorry for people who think 18-22% return is not fishy.
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Hell with my luck lately I think a 1.8 - 2.2% return is fishy.
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03-27-2012, 11:18 AM
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#7
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Franchise Player
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Quote:
Originally Posted by CaptainCrunch
Frack people are stupid.
Hey Calgarypuck members, if you each give me $10.00 today, I can promise you a 15% return on investment within the first 30 days.
I'm not going to tell you what I'm investing in or what my investment model is, but the returns which are created through the Captain's trademarked chemical process first built in my basement are incredible.
Oh now please look at his shiny bauble.
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__________________
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The Following 5 Users Say Thank You to kirant For This Useful Post:
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03-27-2012, 11:21 AM
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#8
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Crash and Bang Winger
Join Date: Oct 2011
Location: Calgary
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Quote:
Originally Posted by CaptainCrunch
Frack people are stupid.
Hey Calgarypuck members, if you each give me $10.00 today, I can promise you a 15% return on investment within the first 30 days.
I'm not going to tell you what I'm investing in or what my investment model is, but the returns which are created through the Captain's trademarked chemical process first built in my basement are incredible.
Oh now please look at his shiny bauble.
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Where can I send my money? If you can deliver on the ROI, then I'll invest MORE and recommend you to my friends!
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03-27-2012, 11:26 AM
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#9
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Has lived the dream!
Join Date: Apr 2004
Location: Where I lay my head is home...
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Now this might be a dumb question. What if you were involved as dumped investor in a ponzi scheme, but withdrew your investment (and got it) before the whole thing went belly up. A major rarity for a lot of reasons I know, but possible in some of the larger schemes, especially if your investment is small in comparison.
Could you be implicated? Do you have to return the extra cash? Or do you get to keep your ill gotten gains?
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03-27-2012, 11:52 AM
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#10
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Norm!
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Quote:
Originally Posted by Daradon
Now this might be a dumb question. What if you were involved as dumped investor in a ponzi scheme, but withdrew your investment (and got it) before the whole thing went belly up. A major rarity for a lot of reasons I know, but possible in some of the larger schemes, especially if your investment is small in comparison.
Could you be implicated? Do you have to return the extra cash? Or do you get to keep your ill gotten gains?
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From my understanding you'd be in the clear unless the reasoning around pulling out your money is that you were aware that it was illegal and you didn't report it.
But from everything I've read these operators will do everything to prevent you from withdrawing your funds, right up to appealing to your greed and adding a guaranteed higher percentage point.
__________________
My name is Ozymandias, King of Kings;
Look on my Works, ye Mighty, and despair!
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03-27-2012, 11:55 AM
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#11
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Lifetime Suspension
Join Date: Apr 2004
Location: Market Mall Food Court
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Quote:
Originally Posted by AMG_G
Hard to feel sorry for people who think 18-22% return is not fishy.
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i do feel sorry for the Madoff investors because his returns were reasonable. Around the 10% mark, plus his background with the Nasdaq.
18-22% with little to no risk...... Yeah i can give that to you! PM me for paypal details!
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03-27-2012, 12:14 PM
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#12
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CP Pontiff
Join Date: Oct 2001
Location: A pasture out by Millarville
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Quote:
Originally Posted by CaptainCrunch
From my understanding you'd be in the clear unless the reasoning around pulling out your money is that you were aware that it was illegal and you didn't report it.
But from everything I've read these operators will do everything to prevent you from withdrawing your funds, right up to appealing to your greed and adding a guaranteed higher percentage point.
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Profiting from a Ponzi actually isn't that unusual.
You just don't want to be the last guy holding the bag.
Madoff's ponzi went on a staggering amount of time. Those who profited, I believe, are now being compelled by regulators through courts to surrender their profits. Owners of the New York Mets are one such scenario if I'm not mistaken. The surrendered profits will be used to make others whole - or more whole than they are now.
Madoff's ponzi was interesting because it didn't necessarily promise the big strike . . . . he was saying he was making 1% or so a month, which didn't sound compeletely crazy.
He was selling consistency and through almost 20 years, appeared to deliver.
Fear and greed are the primary drivers of markets. Emotions carry people away, particularly on the greed side.
No sympathy.
Cowperson
__________________
Dear Lord, help me to be the kind of person my dog thinks I am. - Anonymous
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03-27-2012, 12:41 PM
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#13
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Scoring Winger
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Quote:
Originally Posted by Cowperson
Profiting from a Ponzi actually isn't that unusual.
You just don't want to be the last guy holding the bag.
Madoff's ponzi went on a staggering amount of time. Those who profited, I believe, are now being compelled by regulators through courts to surrender their profits. Owners of the New York Mets are one such scenario if I'm not mistaken. The surrendered profits will be used to make others whole - or more whole than they are now.
Madoff's ponzi was interesting because it didn't necessarily promise the big strike . . . . he was saying he was making 1% or so a month, which didn't sound compeletely crazy.
He was selling consistency and through almost 20 years, appeared to deliver.
Fear and greed are the primary drivers of markets. Emotions carry people away, particularly on the greed side.
No sympathy.
Cowperson
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Exactly! See how many people bail on their investments when the markets trends down. Don't they understand if they sell it realizes their losses. A lot of these people who dumped all their investments in 2008 would've made it all back + some more by now....totally irrational people. Yet these are the same people who have no issues getting a 500k+ mortgage.
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03-27-2012, 12:56 PM
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#14
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Franchise Player
Join Date: Apr 2004
Location: 55...Can you see us now?
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where were the regulators when all of these promises were being made?
__________________
Franchise > Team > Player
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03-27-2012, 05:04 PM
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#15
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Scoring Winger
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Quote:
Originally Posted by McG
where were the regulators when all of these promises were being made?
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If I am going to give someone tens of thousands of dollars I am going to do my own due diligence.
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03-27-2012, 06:00 PM
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#16
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by Cowperson
Profiting from a Ponzi actually isn't that unusual.
You just don't want to be the last guy holding the bag.
Madoff's ponzi went on a staggering amount of time. Those who profited, I believe, are now being compelled by regulators through courts to surrender their profits. Owners of the New York Mets are one such scenario if I'm not mistaken. The surrendered profits will be used to make others whole - or more whole than they are now.
Madoff's ponzi was interesting because it didn't necessarily promise the big strike . . . . he was saying he was making 1% or so a month, which didn't sound compeletely crazy.
He was selling consistency and through almost 20 years, appeared to deliver.
Fear and greed are the primary drivers of markets. Emotions carry people away, particularly on the greed side.
No sympathy.
Cowperson
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It wasn't just interesting it was genuis, no way did he pull in his investors otherwise.
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03-27-2012, 09:50 PM
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#17
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Franchise Player
Join Date: Apr 2004
Location: 55...Can you see us now?
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Quote:
Originally Posted by AMG_G
If I am going to give someone tens of thousands of dollars I am going to do my own due diligence.
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i don't disagree with you personally...but it seems to me that many people didn't or they had an expectation of security of some sort; misplaced i should add.
i just wish that the regulators would be in front of these things...not behind cleaning up with wrist slaps all around.
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Franchise > Team > Player
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03-27-2012, 09:51 PM
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#18
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Franchise Player
Join Date: Apr 2004
Location: 55...Can you see us now?
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Quote:
Originally Posted by fotze
The ASC probably has like 2 people to look at this.
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i just wish the ASC would be able to get in front of ridiculous promises of returns instead of at the back when the loot is gone.
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Franchise > Team > Player
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03-28-2012, 12:07 AM
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#19
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Franchise Player
Join Date: Jan 2010
Location: east van
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Quote:
Originally Posted by AMG_G
If I am going to give someone tens of thousands of dollars I am going to do my own due diligence.
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You will get a wholly profesional looking prospectus, there will be some very impressive stories planted in appropriate news letters and the like
They will make it clear they are involved in investments in blue chip companies but that due to their black box or something they have a slight edge, it will be wholly believable and will stand up to due dilligence, it will all be lieing bull#### but it will be very good believable lieing bull####.
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03-28-2012, 12:14 AM
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#20
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NOT breaking news
Join Date: Jan 2007
Location: Calgary
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Quote:
Originally Posted by McG
i just wish the ASC would be able to get in front of ridiculous promises of returns instead of at the back when the loot is gone.
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It's hard for the ASC to get in front when these things are going on secretly. One person tells their friend, who tells another friend, who tells another friend etc...
And it's not a scam from the get go.. I'm sure it was legit and there were returns at first and it's good so one person tells another person.....then they get you.
My parents were in an investment once. They invested in an apartment building and doubled their money. Second apartment building, the guy took off. So they broke even, but others weren't so lucky.
I know the ASC does seminars and does prevention type education.
Check out this company.
http://www.bluehedge.ca/
__________________
Watching the Oilers defend is like watching fire engines frantically rushing to the wrong fire
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