Monday, February 23, 2009

2009, Year of the Ponzi Scheme

It's official. Where it's Maddoff or Stanford or Cosmo or Theodule, The Pyramid Scheme is alive and well, ripping off individuals, banks, families, even whole nations. While many have lost a great deal of money to deceptive speculative practices, nothing speaks true fraud like the Ponzi scheme. There's every indication that sly old Bernie stopped investing peoples money years ago(13 years ago from all accounts) and that current rookie of the year Allen Stanford used his loot to buy a title, newscasters and a Stadium! Deadcorp once again acknowledges that all time money making scam, making billionaires out of crooks and helping to damage financial institutions beyond repair.

1 comment:

Lady P said...

I love this one of your blogs - you are so well versed in this arena and then can distill down the salient facts for the rest of us schmoos who would like to better understand!