"Will Trice" <wwtrice[at]paragondynamics.com> wrote in message
news:447E5473.1090206[at]paragondynamics.com...
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There is no "riskless" investment. No.Such.Thing.

120% a year? Are you f*cking kidding me?

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I'm sorry, I've nothing substantial to offer here. Some folks are just
simply morons. If they can't see the stupidity in investing in something
like this ... the only thing you can do for these morons is to leave them
alone and let them make their own mistakes. They'll learn.

I had a fried that got tied up in one of those simple "... send this letter
to 10 of your friends, and they'll send it to 10 of theirs ...." It was an
actual letter, sent with an envelope and a stamp -- not of this new-fangled
spam chain-letter stuff, it was an honest-to-god, black ink on white
paper, letter. He promptly went off to the local Kinkos and made a 1,000
copies, bought stamps, and hand addressed the letters to 1,000 random
names in the phone book (all the while with me laughing and telling him
how ignorant he was), and him scheming on how rich he'd be. How much
money did he make? $0.00 bucks. Subtract out the cost of printing,
envelopes,
and postage, and he lost quite a bit.

Now ... here's the kicker. He was a mathematics teacher contemplating
going back for his master's in ... mathematics -- and he couldn't understand
simple powers of 10 -- like by the time his name reached the top of the
list,
every living person on the face of the earth (at that time) would have had
to be participating. 10,000,000,000 people (and they were telling me at
that time that there were only 4 billion folks alive).

Some folks are just morons. You can't get through to 'em. Not worth wasting
your time nor your effort on. Give it up now. You'll be glad you did --
unless
you like that feeling like you're banging your head into a brick wall.

When someone manages to push your Greed button, it automatically overrides
your "good Sense" button. It's a further elaboration of "You can't cheat
an honest man." I don't know how you could help anybody once the hook is
set.



"Will Trice" <wwtrice[at]paragondynamics.com> wrote in message
news:447EFA31.8010801[at]paragondynamics.com...
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On Thu, 1 Jun 2006 09:31:45 -0500, Will Trice <wwtrice[at]paragondynamics.com> wrote:
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Not much hope for justice here.

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What makes you think that it is a Ponzi scheme? (not that I do not
believe you, but it would be good to put forth a very convincing
case).

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Sure, the expectation here (with the fact that the money is being
stolen), is that of a loss.

i

Ignoramus2833 wrote:
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Unfortunately, this "company" is based in Vanuatu and has been in
"business" for 5 years.

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I'm hoping that he will pay attention to something from a neutral,
respectable source (as opposed to discussion board posts or the like of
which I have found a few).

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Yeah, this person is an accountant. A good one at that. I mean, come
on. Back in December I posted about his involvement in questionable
real estate tactics. Fortunately, he finally came to his senses about
that one. Now this. He's already got money in, I don't know how much,
but he says it is "not much," thank goodness. But that's exactly how
these operations suck you in. You put in a little money to test the
waters and they actually pay you a handsome return. Then you put in
real money once you're convinced its real and <poof> no more savings.

-Will

I think that a better approach would be to gather some information and
then refer the scammer to law enforcement (with very slim chance that
they would be interested).

If your friend has no rational basis for believing the scammer, and
yet continues, he or she may be irrational beyond hope, but that
should not stop you from insisting.

All legitimate investment companies should be audited by an
independent auditing company, if this is not happening here, it is
definitely a scam.

You have a difficult problem on your hands. If the person involved is
your relative, I perconally could go as far as call the scammer and
demand money refunded, or else threaten to talk to law
enforcement. (and make sure that the scammer knows that he would not
benefit from killing you).

I had my dad fall victim to a very obvious case of a Ponzi
scheme. That was highly upsetting to me as he is actually an
intelligent being, knows mathematics in depth, etc.

i

Howdy all,

I found out yesterday that a person I know is getting involved in
e-currency exchange, a supposed riskless investment that returns 120%
per year. A little research tonight shows that this is no more than a
Ponzi scheme (a brilliant one at that - for the creators). But I have
not been able to turn up a reputable source that discredits the scheme.
It looks like the only player is a company called DXInOne and they
allow users to exchange real money for a make-believe currency called
"digots" and back again, taking a fee for this service of course. The
problem is that you can't do anything with a digot except exchange it
back to a real currency, or trade them with other digot holders
(apparently there are many flavors of digot with various digot symbols).
Anyone seen a write-up on this that I can send this person (I know he
will not take my word for it that this is a scam)?

Thanks,
-Will