I think what made David Jones and obvious scam to me, even back in his TV days (I did call this if you look back at some of the threads about Wealthstreet), was that he was looking for money for his own managed funds as opposed to just offering advisory services. Then I could see on his website that the funds he was advertising were utter crap. In fact little due diligence was really required to determine what he was investing in. His 'Dragon' fund if I recall correctly was aimed to 'profit from increasing world food demand.' I went on the website and quickly realized from filed documents that all he was doing with these funds was buying with high amounts of leverage cow pasture near Airdrie. The fund was destined to crash the second Calgary Real Estate stopped booming at the same rate it had leading up to 2008.
|