A new Bernie Madoff in the Lakes Region?

donnamatrix · 11-17-2009, 12:17 PM

From what I've heard about Rev. Farah, who has quite a sketchy background evidently- and the ability to separate rich, old folks from their money, even the Dane family, these people are crooks. Why does Rev Farah live in waterfront house on Winni? I didn't realize that being a man of the cloth paid so well. He drives a new Prius. Half of his membership walked out over the snafu with the Dane family property in Center Harbor. And the "food pantry" that is in the basement of the church on Bean Road ... well, that's a little questtionable as well from what I hear. Look at the WMUR site, and read the posts from local folks. Good grief.

twoplustwo · 11-17-2009, 02:22 PM

They've been swindling people for years. I'd much rather see the father in prison. The son is a scumbag. The father is a scumbag hiding behind God.

donnamatrix · 11-17-2009, 02:53 PM

From 2006:
http://www.concordmonitor.com/apps/p...50315/0/NEWS03

Irish mist · 11-17-2009, 03:31 PM

Two things: everyone should learn to invest their own money. It's not that difficult. When someone offers you 14% in this economy run away. I've heard a lot of things about this crowd over the years, and I feel sorry for anyone who fell in with these guys.

Kamper · 11-17-2009, 05:47 PM

Quote:

Originally Posted by Irish mist

... When someone offers you 14% in this economy run away. ...

Maybe but my mutual funds went up 25% in the 2nd quarter and nearly the same dollar value in the 3rd quarter. I'm almost back to where I was when the slide started in August '08. Much faster than when the "Asian Tiger" stumbled in the late 90's.

I hope they catch up with these two people quickly. Some of those investors may be greedy opportunists but there's always are a few who stand to lose their life's savings trying to play catch-up.

Irish mist · 11-17-2009, 06:42 PM

Quote:

Originally Posted by Kamper

Maybe but my mutual funds went up 25% in the 2nd quarter and nearly the same dollar value in the 3rd quarter. I'm almost back to where I was when the slide started in August '08. Much faster than when the "Asian Tiger" stumbled in the late 90's.

I hope they catch up with these two people quickly. Some of those investors may be greedy opportunists but there's always are a few who stand to lose their life's savings trying to play catch-up.

What I was talking about was when someone offers you a deal, not stock market mutual funds from companies like Vanguard or good bond funds which you can buy yourself. These folks were put into private investments that were questionable.

11-17-2009, 12:17 PM	#1
donnamatrix Senior Member Join Date: Apr 2004 Location: Moultonboro Posts: 833 Thanks: 24 Thanked 258 Times in 120 Posts	Crooks From what I've heard about Rev. Farah, who has quite a sketchy background evidently- and the ability to separate rich, old folks from their money, even the Dane family, these people are crooks. Why does Rev Farah live in waterfront house on Winni? I didn't realize that being a man of the cloth paid so well. He drives a new Prius. Half of his membership walked out over the snafu with the Dane family property in Center Harbor. And the "food pantry" that is in the basement of the church on Bean Road ... well, that's a little questtionable as well from what I hear. Look at the WMUR site, and read the posts from local folks. Good grief.

11-17-2009, 02:22 PM	#2
twoplustwo Senior Member Join Date: Dec 2007 Location: Moultonborough Posts: 456 Thanks: 51 Thanked 39 Times in 21 Posts	scumbags They've been swindling people for years. I'd much rather see the father in prison. The son is a scumbag. The father is a scumbag hiding behind God.

11-17-2009, 02:53 PM	#3
donnamatrix Senior Member Join Date: Apr 2004 Location: Moultonboro Posts: 833 Thanks: 24 Thanked 258 Times in 120 Posts	Article from Concord Monitor-Farah From 2006: http://www.concordmonitor.com/apps/p...50315/0/NEWS03

11-17-2009, 03:31 PM	#4
Irish mist Senior Member Join Date: Dec 2006 Posts: 683 Thanks: 127 Thanked 85 Times in 49 Posts	Two things: everyone should learn to invest their own money. It's not that difficult. When someone offers you 14% in this economy run away. I've heard a lot of things about this crowd over the years, and I feel sorry for anyone who fell in with these guys.