How, in this day in age, could ANYONE invest with a small fry business owner (or any business owner for that matter) who promises any sort of rate of return without batting an eyelash? It’s unbelievable to me that people still throw piles of money for the chance to get rich quick. Especially with a 20% rate of return. I don’t even think the majority of my investment portfolio (non-individual stock based) would ever come close to those kinds of figures, and I’ve been pretty aggressive the last 15 years. SMH.
Supreme, we live in a country of crooks and sometimes the crooks are agents. No ethics, no honesty, bilking people of their money. I can’t believe there are people that think they can make 20% returns on their money. I believe this is one of those guys on the other side of the fence from P&C agents and probably sold Annuities, Variable Life etc until he hatched this scheme. We usually see these stories emanating from Florida on IJ. I hope they put him in with Tyrone in Huntsville. He won’t survive long in general population.
“Agent Pleads Guilty to Fraud”
Shocker. I guess if it was going to happen in Texas…
So I suppose things are better regulated and more honest in New York City…… Mr Madoff?!
I think you misread my post, Doug J.
How, in this day in age, could ANYONE invest with a small fry business owner (or any business owner for that matter) who promises any sort of rate of return without batting an eyelash? It’s unbelievable to me that people still throw piles of money for the chance to get rich quick. Especially with a 20% rate of return. I don’t even think the majority of my investment portfolio (non-individual stock based) would ever come close to those kinds of figures, and I’ve been pretty aggressive the last 15 years. SMH.
Supreme, we live in a country of crooks and sometimes the crooks are agents. No ethics, no honesty, bilking people of their money. I can’t believe there are people that think they can make 20% returns on their money. I believe this is one of those guys on the other side of the fence from P&C agents and probably sold Annuities, Variable Life etc until he hatched this scheme. We usually see these stories emanating from Florida on IJ. I hope they put him in with Tyrone in Huntsville. He won’t survive long in general population.
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Interesting that so many white collar criminals play tennis…