Ricey Posted December 6, 2012 Posted December 6, 2012 No shame in it........millions do. I only ask out of interest as the guy that sorts my plumbing and heating needs (a switched on cookie I might add) has just told me about this great money making scheme he' s got involved in that's most definitely NOT a Ponzi scheme. Told me to go home and google it then let him know if I fancy it as its an invitation only investment (I avoided clouting him with a handy piece of pipe to knock some sense into him). Googled it and the first bazillion pages of google are about the 'banner broker' Ponzi scheme which is being run by some bloke who got pinged for another Ponzi scheme that involved property. Poor fella. He's not put much into it (couple of hundred quid) so I've dropped him a quick text to warn him. If it looks like a duck, quacks like a duck and tastes like a duck.........chances are its a ****ing duck. Quote
rtbiscuit Posted December 6, 2012 Posted December 6, 2012 whats a ponzi? is this like pyramid selling? Quote
Ekona Posted December 6, 2012 Posted December 6, 2012 There's always more stupid people out there. Quote
spursmaddave Posted December 6, 2012 Posted December 6, 2012 There's always more stupid people out there. That's a bit harsh, Rich was only asking.... 2 Quote
DoogyRev Posted December 6, 2012 Posted December 6, 2012 There's always more stupid people out there. That's a bit harsh, Rich was only asking.... Quote
Ricey Posted December 6, 2012 Author Posted December 6, 2012 whats a ponzi? is this like pyramid selling? Yes mate.....profits are paid to a select few at the top of the pyramid using the money that comes in from the expanding new entrants (base of the pyramid). Then when people want their money out or realise its a scam it collapses. That's why you always get a few people who genuinely make money from it and they give positive publicity. Bernard Madoff wiki pages or 'the Enron scandal' make pretty interesting reading Quote
rtbiscuit Posted December 6, 2012 Posted December 6, 2012 nope never fallen for a ponzi scheme. i don't invest in anything. as i don;t have anything to invest with Quote
DoogyRev Posted December 6, 2012 Posted December 6, 2012 This ad is on about a thousand times a day here Quote
spursmaddave Posted December 6, 2012 Posted December 6, 2012 I once got roped into buying loads of white T-shirts, black leather jackets and hair gel.... I think it was a Fonzi scheme..... 1 Quote
DoogyRev Posted December 6, 2012 Posted December 6, 2012 I once got roped into buying loads of white T-shirts, black leather jackets and hair gel.... I think it was a Fonzi scheme..... Still got the hair gel then dave Quote
spursmaddave Posted December 6, 2012 Posted December 6, 2012 This ad is on about a thousand times a day here All we have is PPI claim ads and Wonga.com "nobody else would lend me any money, but Wonga did straight away!" That is because you are stupid and they are not Quote
spursmaddave Posted December 6, 2012 Posted December 6, 2012 I once got roped into buying loads of white T-shirts, black leather jackets and hair gel.... I think it was a Fonzi scheme..... Still got the hair gel then dave Yeah I dunno why I haven't used vey much of it At least I know what to send you in return now Quote
rtbiscuit Posted December 6, 2012 Posted December 6, 2012 i got another sodding PPI call today, started with "i'm not trying to sell you anything" but have you ever taken out PP.......... i hung up Quote
Fodder Posted December 6, 2012 Posted December 6, 2012 It's funny, I can imagine quite a few folks got stung by these schemes because there was little research they could do. Now the Internet is so accessible I thought it would be a thing of the past. I was speaking to a guy who have me my first job a few years back, he had sold his business and was working for someone else. Turns out his accountant who he had used for years approached him with a golden opportunity. He sank a load of cash and yep you've got it a Ponzi scheme. The accountants certificates also turned out to be fake, he took a lot of small businesses down. Felt sorry for the guy but greed got the better of him And still laughing at the Fonzi scheme Quote
JetSet Posted December 6, 2012 Posted December 6, 2012 http://en.wikipedia.org/wiki/Charles_Ponzi There have been many imitators since, but the basics are the same. Pete Quote
Ekona Posted December 6, 2012 Posted December 6, 2012 There's always more stupid people out there. That's a bit harsh, Rich was only asking.... Lol, terrible posting timing! Love you really Richy-poo! Quote
glrnet Posted December 6, 2012 Posted December 6, 2012 There's always more stupid people out there. That's a bit harsh, Rich was only asking.... Lol, terrible posting timing! Love you really Richy-poo! Don't upset him Dan, he's not very well at the moment Quote
rtbiscuit Posted December 6, 2012 Posted December 6, 2012 i always go on the principal that if it sounds too good to be true, it probably is. because at the end of the day you don;t get something for nothing. yes its very cliche but its true. scams tend to scam those that are greedy. its why it works. if people weren;t greedy they wouldn't invest. Quote
Ricey Posted December 6, 2012 Author Posted December 6, 2012 The problem is with these they always generate genuine profit for genuine people to start off with which gives them credence. It's only when it really gets popular or like in Madoffs case when everyone wants their money out at the same time does it go tits up. Quote
4RE Leather Posted December 6, 2012 Posted December 6, 2012 I once got roped into buying loads of white T-shirts, black leather jackets and hair gel.... I think it was a Fonzi scheme..... You still got any left dave? Quote
Keyser Posted December 6, 2012 Posted December 6, 2012 (edited) I once got roped into buying loads of white T-shirts, black leather jackets and hair gel.... I think it was a Fonzi scheme..... You still got any left dave? You would want red leather mate Edited December 6, 2012 by Keyser Quote
jjt Posted December 6, 2012 Posted December 6, 2012 one of my business clients approached me on monday regarding what I instantly believed to be one of these. It struck me as odd as he is not very clued up with technology, but he was genuinely enthusiastic about it all, and offered to personally guarantee my investment. I was polite about the whole thing and didn't just scream 'PONZI!!!" or "PYRAMID!!!" at him, and he emailed me some details... http://www.youtube.com/watch?v=T3pe9WMGjUM (bannersbroker.com for those who cant access the youtube link) He's into this for 6 grand... altogether now... Quote
rtbiscuit Posted December 6, 2012 Posted December 6, 2012 i just watched the video; you sold it to me, am going to drop 20k on it right now.....am i fook Quote
Ricey Posted December 6, 2012 Author Posted December 6, 2012 That's the one jjt. The guy who's running it got nailed for doing the same thing with property a while back and got shut down. I hope this guy listens to me because he doesn't really know me that well and he was proper enthusiastic about it........went to a seminar with a friend about it last night for over 2 hours listening to all these success stories! Quote
spursmaddave Posted December 6, 2012 Posted December 6, 2012 As soon as someone says they want to 'share their fantastic sucess' why don't people think why? Instead of how much they could make.... Quote
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