A new Bernie Madoff in the Lakes Region?

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, 02:22 PM	#1
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	#2
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	#3
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.