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How Ponzi scams work
- By ILS corp
- Published 09/28/2009
- ILSTV Stories
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WHAT IT IS: The con artist persuades people to invest, usually on promises of above-market returns.
WORKINGS: The operation itself does not generate profits in the stock market or through other investment vehicle. Returns to investors come from either their own money or money from subsequent investors.
DOCUMENTS: In some cases, investors get only authentic looking documents suggesting investment growth.
OPERATION: The scheme depends on an influx of new investor money and usually collapses because investor growth can't keep up.
VICTIMS: Often friends, family or members of the same organization.
ORIGINS: Named after Charles Ponzi, who emigrated from Italy to the United States in 1903 and spent time in Montreal before committing the fraud in Boston.
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6 Responses to "How Ponzi scams work" 
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said this on 16 Mar 2012 4:14:54 PM EDT
Response to an email I made. Thought I would add it to:comment on investing money lionne blogsQ:What is your investment strategy? Is it risk free?There are HOARDS of programs out there similar to this one, and more starting everyday.As an owner of a few sites myself I see they set themselves apart from the rest and highlydoubt they will disappear like the others in the next few years. ((they have contingency plans in place))However, Marketing JSS IS my recommended NO RISK strategy. The best way to make money without sponsoring is by purchasing JSS Tripler positions.You earn 2% within 24 hours (your earnings can be re-invested taken out when they reach $10)Strategy: Upgrate to level 1 ($10 at the moment) Buy trippler positions in lots of 4 ($40)When they expire in approx 75 days you will get a fr'ee' JSS position worth $60Warp is the next best play and then Booster. I haven't got into buying downlines though I understand theyare available now faster than they ever have been before.JSS (the base company) has been around 3 years. The Jss trippler program is the new (just a few months old)fast money maker that also feeds JSS They are growing at a very respectable rate.There is risk involved. I feel very little at this time though. I met someone last night with $1000 in (he makes $20 per day)Of course if you look at the leaderboard you see many with several thousand invested (near 15,000) I only have a fewhundred in at this time that mostly came from comissions. We have new videos out, link below
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said this on 24 Mar 2012 5:06:23 AM EDT
Rsmith833 on January 29, 2010 Kiheilawyer, you passed the bar? Let me guess, Bankrupcty Lawyer. Stop scamming people out of money when you know the new BK rules make it impossible for people to walk away from their debts. DEBT SETTLEMENT RULES!!!
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said this on 06 Apr 2012 2:49:56 AM EDT
These are great questions, Nathan.If you’re going with a smaller publisher, you may not need an agent (and it may be harder to get one). But it may be worth having an entertainment lawyer look at your contract in that case.Do you need an agent? Personally, I think it’s always good to have an agent if you have the platform for a larger publisher to be interested. That way, they will find you the best match for your book, someone they believe will do the book justice, and also, they can negotiate a better deal than you probably can. And the more a publisher invests in the book up front with an advance, the more invested they are in how it does–so they are more likely to put some marketing resources into it, if it’s a large advance.Should I focus on writing the remainder of the story or should I focus on getting published? For a memoir, you need to write the whole thing nowadays. Are there exceptions? Some, but generally a publisher wants to see it’s all there. Exception: if your platform (the number of people you reach online and off) is huge, maybe you can get away with less than the whole book.Also, while you’re writing, continue to work on growing your platform.Should I be concerned with the size and or volume of a publisher given I am a first time author? Or should I be happy to simply get an offer? It depends how big your platform is and how well they think the book will do. If you have a really hot idea and a very solid or huge platform, it’s possible to land a bigger publisher–and they will have more resources and better distribution into bookstores and other channels–so it’s worth going for this if your book has that potential. It’s hard to say for me without knowing those details You can always try for the bigger publishers and, if they say no, go for a smaller one.What type of offer would you consider to be fair for someone in my position? Again, without knowing your platform, it’s hard to say. First time advances are often $3K – 5K. Some publishers are not giving advances, either. At the same time, though it’s exceptional, I have clients who are first time authors getting six figures or a very solid mid-five figure book deal. ⢠Do you have any advice for me? Get Michael Larsen’s and use his format religiously. Continue to grow your following and fans by offering value and connecting authentically with your audience. And make sure your book proposal has a compelling overview and powerful markets section, competitive analysis, solid book promotion plan, well written outlines and great writing in your sample chapters!Regarding your literary agent questions, these blog posts may help you:Here’s a blog post that helps you choose between a small publisher and holding out for a bigger one:Best of Luck with your book. As a (community supported agriculture), it sounds like a book I’d love to read.
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said this on 09 Apr 2012 4:18:37 AM EDT
that the gold paper presently circulating is NOW 200 TIMES ! the physical reserves !!!!!!!!!!!!! No wonder lovely russians spies are trying to know what is going on and the russian central bank is agressively adding physical gold. 200 TIMES ! in worthless paper ! Now imagine just 5% of these paper converted converted in metal ?.—————————————————————————————————-A PROPOS DE L’OR, LETTRE D’UN LECTEUR BIEN INFORMEdu 30 juin au 3 juillet 2010 : Bonjour ! Je vous invite à regarder cette image, l’or a fait une dévissee brutale aujourd’hui. Il devait aller à plus de 1300 USD l’once et provoquer la panique dans le poulailler. Heureusement, notre bon ami Jean-Pascal Morgan a appuyé sur la touche verte de la Xerox et a sorti plein d’or papier.Or papier…Or quand même! De toute manière, nous sommes dans un concours de photocopieuses. Laquelle peut cracher le plus vite ? Celle qui émet des dollars, celle qui émet des euros ou bien celle qui émet de l’or papier ? Donner des billets verts de la Fed pour recevoir des ETF en échange, franchement, je ne vois pas l’arnaque.En tout cas, aujourd’hui, tout homme bien sûr sait que que chaque lingot d’or a été vendu 20 fois. Il y a des nerveux qui disent 100 fois. Les consipirationnistes parlent de 200 fois. Grosso-modo, le jour ou tout ce beau monde commencera à réclamer la livraison du métal, il y aura un grand tirage au sort pour savoir à quel demandeur envoyer la barre et à quel demandeur envoyer une lettre d’excuses.Je suis ingrat quand même ! Chaque fois qu’ils manipulent les prix vers le bas, je me fais livrer quelques lingots avec le logo de l’UBS dessus. S’ils continuent comme ca, promis, à la fin de l’annee, si nous sommes tous là , je leur envoie le Champagne pour la fête.Pierre Jovanovic, il y a deux bruits très caractéristiques qu’un homme doit connaître avant d’atteindre 50 ans: le bruit de deux lingots d’or qui tapent l’un contre l’autre et le bruit d’une AK-47 qui vous allume de loin. Je suis sûr que vous connaissez les deux et c’est pour ca que vous allez vaincre.Peace !Madmax
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