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Warning: Moderators do not remove likely scams. You must use your own brain: caveat emptor. Watch out for Ponzi schemes. Do not invest more than you can afford to lose.

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Author Topic: Running With Scissors: An Intrepid Investor's Handbook  (Read 690 times)
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March 19, 2015, 02:31:07 PM

...the thread continues with “investors” not wanting to give up on the dream of untold riches, despite all the obvious clues. There are some sock puppet accounts that talk about being paid. It drags on for 7 pages, and eventually some users figure out that this guy has taken them for hundreds of thousands of dollars.
The guys who signed up to a carding forum with dreams of becoming rich with credit card fraud had been scammed themselves by the simplest of ponzi schemes. Like most ponzi schemes there are still victims who in the end refuse to believe they were scammed – it must be because samuraiprint was taken by the Mafia, or arrested for insider trading, or perhaps the Russians got to him.
On around the 25th of January the thread starts fading out. The admins come back in and post that it isn’t their fault users got scammed with option 2 – they had only verified option 1! They also accepted no blame for not banning the user, and one admin admits that he himself had money tied up in the scheme...
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