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Ponzi Scheme - Gamble Fails
West Australian Racing
SLIPPERGOLDEN
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RIO likes this post.
Ridersonthestorm33, RIO likes this post.
The bigger the lie, the more greedy people ( want ) to believe.
Yes so called investor's..I'll go in and bat for the punter any day of the week, but when it come's to these ponzi's the only one's have less sympathy for than the crooks running the scheme are those caught up in it.
Do like it though how things are fine early - early investor's getting massive return on money - happy days.
If everybody post's $5 to me - I'll send you $20 back - and yes some early will get paid and tell others!
But I'll need to keep receiving that $5 for along time and new people coming in all the time!
The amazing thing with Ponzi's it's not just hundreds or hundreds of thousands but millions and sometimes billions of dollars.
Ridersonthestorm33, Manchild, RIO likes this post.
Intelligence not my league - but being a bit streetwise is. The only coin I'll be investing is on the lucky last at Belmont today and literally coin!
Ridersonthestorm33 likes this post.
It screamed out scam from the moment I laid eyes on it, but when we had a dinner with F1 legend Alan Jones spruiking on about how awesome it was, I handed over a few k of hard earned.... Idiot!
Ridersonthestorm33 likes this post.
Ridersonthestorm33 likes this post.
As you say JJ their pretty low character's not likeable at all.
Now punting types can pay Tom Waterhouse...it's a free country...but why oh why would anybody fork out even 5 cents to him.
People do and plenty of them. Very very clever advertising these blokes use, and guess roping in Jones and other's is the icing on the cake for them.
VillageKid likes this post.
yes. But i really dont think its a betting ponzi scheme.
https://www.smh.com.au/national/motor-racing-legend-alan-jones-linked-to-serial-conman-peter-foster-20151111-gkwht1.html
both his sons died. Poor buggers had no idea apparently. One through cancer and one killed himself. Not sure about his wife or his grandkids. Very good movie called The Wizard of Lies about the whole story
FreoHitman likes this post.