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January 27, 2009

Comments

John

(Oops. Looks like I got impatient while the software accepted my first comment. Sorry about the clog.)

John

While I'm scraping together rent for next month, rest assured that my heart bleeds for people with six-figure disposable savings who were greedy enough to get roped into a transparent scam. Really, I do. That sound you hear in the background is my actual heart, bleeding. For them.

Perhaps we can get the government to bail them out with more taxpayer money so they can afford to retire early in their summer homes.

"So, how can investors protect themselves from shady operators?"

Perhaps by realizing that (a) guaranteed revenue and (b) a push--noted but ignored in several interviews with the "investors"--to recruit family and friends as new investors adds up to an obvious Ponzi scheme.

And of course, you could check with the authorities, but keep in mind that the SEC knew all about Bernie Madoff and did nothing.

(By the way, what the heck's with all the Dickensian symbolism in the financial sector? At least Agape isn't pronounced like its jaw-dropping homonym. But Bernie Madoff/Made-off? Neel Kashkari/Cash-Carry? Are they just messing with us, now?)

John

My heart bleeds for people who had six figures of disposable savings and were greedy enough to invest in a transparent scam. Really. That sound you hear is my actual heart bleeding. For them.

Maybe we can get the government to bail them out with more taxpayer money.

"So, how can investors protect themselves from shady operators?"

By realizing that guaranteed income, combined with (gleaned from interviews with Agape's investors, such as yours) a push to recruit friends and family as investors is absolutely a Ponzi scheme, maybe?

(Incidentally, what's with all the Dickensian symbolism in the financial industry? At least Agape isn't pronounced like the jaw-dropping homonym. But Kashkari? Madoff? Are they kidding us? Where's Mr. Robber-Baron and Dr. Conman?)

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