Why Investors Fall for Ponzi Schemes

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iInvestors' are proving the case for appraisal fraud,

angelina harrison of CA 3:56AM August 28, 2010

It is the investors' desperate moment capitalized on by pure shenanigans.

leonard lari 8:03AM May 25, 2010

A Ponzi scheme?
What do you think the myth of the Social Security system is? It's no different except the governments behind it. Take money from you now with the promise you will get it back later. Not just 7% from the "worker" but also from his employer.
Ooops! We borrowed from the trust fund. Heck we even give it to those who have never put in a dime, Thank you Jimmy Carter! Never mind, we will budget for the shortfalls and pay you back. Promise!

Jeff of WI 11:58AM March 15, 2009

In the Madoff affair, there appeared to be a giant "Store Front Con". Anyone who has seen the film "The Sting" would understand. Only in Madoff's version, Madoff had a hugh department store. With a coterie of helpers, Madoff staged a "Grand Sting". With the help of his "coterie" and "Greedy Investers" ripped off mostly honest investers. The average invester has no idea how the markets work. And, as a result the invester has to put hie or her trust with the con man. In most cons the account manager and the account custodian are one and the same. This is clearly a sign of fraud or at the very least incompetence of the operators involved with your money. The best advice is to advise the operator that you intend to seek advice from the local DA or GA. If the operation is open and above board, the operators should not have any issues with your actions.

H J of PA 1:07PM March 13, 2009