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I Almost Got Scammed In A Ponzi!

Discussion in 'BlackHat Lounge' started by The Scarlet Pimp, Aug 3, 2010.

  1. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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  2. izm

    izm Regular Member

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    That's why I keep my money and invest it my self. A lot more fun to spend your own money, and if you fail, then you only have yourself to blame.
     
  3. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    this is one of the letters they sent out...
    see anything wrong...



    Discounted Settlement Overview

    We are looking for investors that would be interested in purchasing
    discounted, out of litigation settlements. Our investment product has been
    around for over eight years and over 1.5 billion dollars in contracts have
    been purchased. The law firm that deals with this program has a 100%
    success rate.

    What is unique about our product is the relatively short term, 3 to 10
    months and ROI range from 30 to 100% annually, in addition, the funds for
    repayment are already in escrow prior to the funds being sent for the
    purchase of the discounted settlement.

    Investments are also paid out monthly which does not tie your capital up
    offering an even greater potential to achieve a greater ROI. You are not
    limited to the number of settlements that you can purchase.

    Our product is not offered to the general public and is primarily sold to
    Hedge Funds, Investment firms, and companies such as yours. Due to a large
    increase in volume with approx. 500 mm in settlements anticipated to be
    offered for purchase in the next 12 months we are looking to expand our
    book of purchasers to handle the increased volume.

    They get sold very quickly to the current buyers that are registered. There is
    no obligation to buy once you have become a buyer. Once registered you will
    be issued, weekly or bi-weekly, the new settlements that are available for purchase.

    Every settlement chart weekly or bi-weekly will include the term, ROI,
    value, and purchase price (see attachment for information and settlement
    chart).

    Upon completing our confidentiality disclosure documents and NDA we will
    register you as a buyer and allow you as the investor to have access to
    all relevant due diligence that is needed to probe our law firm.

    If you have questions please contact me, due to the limited number of
    settlements and large number of interested buyers, it is import to
    register your firm as a buyer if you have interest.

    Regards,
    Jared Swanson
    Account Executive
    Commercial Financial Services
     
  4. JuicyBlack

    JuicyBlack Regular Member

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    So many financial guru's and investment opportunities these days.... My step-bro also got dragged into an "investment scheme" where they recruited people to sell a "voip phone service" which I am sure it was just a cover for the fraud..

    Fucked up shit cause so many people actually fall for this shit based on the fact that their friends and family have also been scammed and at the time the pitch is presented they don't want to realize it..
     
  5. Chronos

    Chronos Junior Member

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    They used a bunch of fancy words to bilk "investors." What gives it away is the unrealistic %100 return. Even at the minimum %30 over say, 10 years, would turn $10,000 to over $130,000. Impossible on this type of investment.

    After that, the thing that ensures it all, is "investments are paid out monthly." Again, almost impossible.
     
  6. peter73

    peter73 Regular Member

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    The only people who earns from this shit is the people who were first to join. I have a gay neighbor and he drives a Benz and has a yacht, all because of this schemes. Although I'm not really sure why he still sticks here in my rotten neighborhood.
     
  7. Chronos

    Chronos Junior Member

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    My father actually got scammed in a ponzi, but he knew it was a ponzi the whole time.

    He was asked, and he put $250, and over 10 years, it supposedly turned into something like $20,000. He reinvested all of it because either a) it was a scam and he didn't want to spend money he was going to have to pay back anyway and b) if it wasn't, then he'll still see a nice chunk in his retirement account. However, the CEO of the company finally got caught, and my dad went to "court" or something and lost his $19,750 but recieved his initial $250.

    I'm not supporting ponzi schemes by any means, but if you're able - and can afford - to throw $250 at a "too good to be true" investment, then fuck it, in 10 years if it is legit, that $250, based on a %30 annual return, would turn into almost $3,500. It's sort of like buying junk bonds really.
     
    Last edited: Aug 3, 2010
  8. JuicyBlack

    JuicyBlack Regular Member

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    ^ Unfortunately, a high percentage of people who fall victim to these schemes put down a lot more than $250... some throw their life-savings into these things....
     
  9. The Scarlet Pimp

    The Scarlet Pimp Jr. VIP Jr. VIP Premium Member

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    what amazes me are the financial experts who fall for this. they should know this is a ripoff by the signs. i knew this was bogus as soon as i saw it.