Ponzi scheme targeting crew - Beware - do not become a victim.
Join Date: Nov 2003
Location: Terra Firma
Posts: 441
Likes: 0
Received 0 Likes
on
0 Posts
Hi folks, I have been following this thread with interest and would like to throw in a quick reality check that Schidt does happen.
EPI (I stupidly invested in) took $55,000 per share and is now worth $18,000 per share. Many astute investors went into this off the back of previous gains in similar investment vehicles. We all went in on make a quick $ with returns above a normal investments returns and we all got severely burnt.
There is NO such thing as an investment that can make you unbelievable returns unless there is unbelievable stupidity by people getting into such a fund. To attract more people into the fund, money in the fund is used to pay some out to inspire others that the returns are unreal.
If you do not understand the risk or the investment you are getting into, if you cannot afford to lose the investment as if you were placing it on a roulette table, then you should not invest in any such schemes. If you have invested into one like this then do your best to recover your investment before those that get out last will be the ultimate losers.
Be wary,in EPI we were pulled in as partners and not investors which meant that as a partner you could not pull your investment out any time soon.
Good luck
J
EPI (I stupidly invested in) took $55,000 per share and is now worth $18,000 per share. Many astute investors went into this off the back of previous gains in similar investment vehicles. We all went in on make a quick $ with returns above a normal investments returns and we all got severely burnt.
There is NO such thing as an investment that can make you unbelievable returns unless there is unbelievable stupidity by people getting into such a fund. To attract more people into the fund, money in the fund is used to pay some out to inspire others that the returns are unreal.
If you do not understand the risk or the investment you are getting into, if you cannot afford to lose the investment as if you were placing it on a roulette table, then you should not invest in any such schemes. If you have invested into one like this then do your best to recover your investment before those that get out last will be the ultimate losers.
Be wary,in EPI we were pulled in as partners and not investors which meant that as a partner you could not pull your investment out any time soon.
Good luck
J
Join Date: Feb 2010
Location: Tatooine
Posts: 154
Likes: 0
Received 0 Likes
on
0 Posts
For anyone interested, I have another great investment opportunity. It is called "selling drugs.". It's a fantastic way to get huge returns on your initial investment. It doesn't really matter that it's illegal, the regulation and oversight in some countries is very lax so you can totally get away with it. Your customers will tell all of their friends about your product and ensure your growth. Eventually, you won't even have to sell it yourself. Some of your customers will want to sell this amazing product for you. Once that happens your have reached the level of "kingpin" and that's when you really start making the big bucks. From the moral perspective you are completely exonerated because doing drugs is a PERSONAL CHOICE and none of anyone else's business, especially self righteous and meddling airline captains who think they know what's best for everyone. Have you ever been to a party with them?. Soooooo annoying. But, break out some of your product, and boom, instant party.
You know what else is a PERSONAL CHOICE?. Bring a decent human being with concern for other people or being a total a$$hole with complete disregard for your fellow man.
Yep, I'm talking to you Michigan777, you selfish prick. I know your type, bitter FO for life, probably failed upgrade a couple times or made some bad PERSONAL CHOICES that will leave you in the right seat until you die at 65. A delusional republican drunk on Fox news that thinks big business gets a bad rap and "caveat emptor" for all the suckers out there.
Please change your name, I like Michigan. Charlevoix is lovely this time of year.
You know what else is a PERSONAL CHOICE?. Bring a decent human being with concern for other people or being a total a$$hole with complete disregard for your fellow man.
Yep, I'm talking to you Michigan777, you selfish prick. I know your type, bitter FO for life, probably failed upgrade a couple times or made some bad PERSONAL CHOICES that will leave you in the right seat until you die at 65. A delusional republican drunk on Fox news that thinks big business gets a bad rap and "caveat emptor" for all the suckers out there.
Please change your name, I like Michigan. Charlevoix is lovely this time of year.
Join Date: Apr 2009
Location: 30W
Posts: 26
Likes: 0
Received 0 Likes
on
0 Posts
Maybe Mich has all his money in this scheme and he didn't bargain on it collapsing before he got his money and profits out. He doesn't want to feel like the village I***t left holding the ball. Its easy to see the panic in his posts for there isn't any sense. Please keep putting your money in so he can get his out (sarcasm).
Last edited by joe.bloggs; 5th Jul 2015 at 08:17. Reason: clarity
Join Date: Nov 2011
Location: Italy
Posts: 3
Likes: 0
Received 0 Likes
on
0 Posts
From ASIC (australian security and investments commission
This official Australian government link gives information pertinent to our topic, check it out
https://www.moneysmart.gov.au/scams/investment-scams/ponzi-schemes
https://www.moneysmart.gov.au/scams/investment-scams/ponzi-schemes
Join Date: Jul 2004
Location: Yellow submarine
Posts: 73
Likes: 0
Received 0 Likes
on
0 Posts
No hard sale but.....
Had the knowledgable guys from the head office call me trying to get my details, it went something like this .......
https://m.youtube.com/watch?v=jgpYT_usfjQ
J
https://m.youtube.com/watch?v=jgpYT_usfjQ
J
Join Date: Sep 2005
Location: Post-Pit and Lovin' It.
Posts: 863
Likes: 0
Received 0 Likes
on
0 Posts
Good comeback. Only needed five days to come up with it. 
Latest rumblings are that the scheme is starting to wobble, which is why it's being promoted more aggressively. Gotta keep the bottom of that pyramid strong! hahaha!
Usually I don't wish ill on anyone or their money, but in this case I'm happy to make an exception. You can't cure stupid.
Latest rumblings are that the scheme is starting to wobble, which is why it's being promoted more aggressively. Gotta keep the bottom of that pyramid strong! hahaha!
Usually I don't wish ill on anyone or their money, but in this case I'm happy to make an exception. You can't cure stupid.
Join Date: Feb 2004
Location: Sandpit
Posts: 177
Likes: 0
Received 0 Likes
on
0 Posts
Not sure ,but reading between the lines of your not so subtle attack ,it seems grammatically correct .
Also not sure what you are taking offense to . My reply was to Mich 777's post # 79 , not yours .I realize that you may have mistaken this as you do use the word , and my post immediately follows yours , but please note the "777" at the beginning of my post #83 . I don't generally critique the proficiency of English Language here , however if a native english speaker( Michigan) shows a deficiency and it is obviously not a typo and he is being vociferous , then maybe a reminder is in order .
Hypothetically , if you went on the French forum and you were grammatically incorrect you would be corrected , "non" . I would be laughed at , "oui" .
If you still have your strong opinion then , c'est la vie .
Also not sure what you are taking offense to . My reply was to Mich 777's post # 79 , not yours .I realize that you may have mistaken this as you do use the word , and my post immediately follows yours , but please note the "777" at the beginning of my post #83 . I don't generally critique the proficiency of English Language here , however if a native english speaker( Michigan) shows a deficiency and it is obviously not a typo and he is being vociferous , then maybe a reminder is in order .
Hypothetically , if you went on the French forum and you were grammatically incorrect you would be corrected , "non" . I would be laughed at , "oui" .
If you still have your strong opinion then , c'est la vie .
Join Date: Aug 2010
Location: WORLD
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
Thank You for the correction cold stone......well done.
BTW......are you a cold stone? No.....most likely not......so why would you assume that my user name has anything to do where I am form or what I do.
You guys make it way too easy to mess with your heads and thoughts......
This discussion is getting way to fun....but if you don`t mind I have to get back to my shift at the petrol station........lazy people who can not fill their own vehicles.....ahhh.....they remind me of certain people I know way too well.
Carry on.......
BTW......are you a cold stone? No.....most likely not......so why would you assume that my user name has anything to do where I am form or what I do.
You guys make it way too easy to mess with your heads and thoughts......
This discussion is getting way to fun....but if you don`t mind I have to get back to my shift at the petrol station........lazy people who can not fill their own vehicles.....ahhh.....they remind me of certain people I know way too well.
Carry on.......
Join Date: Aug 2011
Location: Dubai
Posts: 178
Likes: 0
Received 0 Likes
on
0 Posts
Discussed this with my brother who is a Chartered Accountant & Financial Planner. He was interested to know; are the individual investors able to approach their investment manager and attain a detailed profit and loss summary for what has been done specifically with their own account/money?
As I understand, you are not buying into a fund, but the investment involves setting up individual accounts, which mirror a master account, therefore this information should be readily available.
As I understand, you are not buying into a fund, but the investment involves setting up individual accounts, which mirror a master account, therefore this information should be readily available.
I've noticed over the last few weeks that those who have invested in the scheme are becoming much more strident in their advocation of it. On my last trip, I hadn't even made it off the bus to the aircraft before I was asked if I had heard about it. This same cabin crew mentioned that she was investing separately in a new forex company as well, the name of which escapes me.
Join Date: May 2006
Location: Australia
Posts: 9
Likes: 0
Received 0 Likes
on
0 Posts
Other options
Putting the company being discussed aside the good news is there are an increasing amount of options becoming available in the world of Forex trading, & as time goes by so do track records. I spent a day googling reputable managed forex traders & there's a few with 3 years plus good verified track records using well known mainline independent Brokers. From my 1 day googling I've come up with a few things I would not venture into any future investments without:
1. If you can not use an independent reputable Brokerage firm in which you can see everything happening & have control over your account don't do it.
2. Certified proof of past performance.
3. Risk versus reward. i.e. maximum draw down on past performance & stop loss insurance (50%-80% or whatever). This is a preference each person should decide individually dependant on their own portfolio.
4. Lastly don't just invest with one! Hedge your bets across as many reputable Managers as possible.
Although Forex is risky, a lot of the risks can be eliminated by doing your own due diligence. There are actually Money Managers out there that you can invest with who will do all this for you. I've found the top performing companies out there can offer up to 3% net return a month whilst ticking the boxes above & allowing you to sleep at night.
Like I said though I'm only a day into it but am quite impressed with what the forex market will have to offer over the next 5 years. It seems if you do your homework, minimise your risks by diversity & don't get greedy, you can still make a lot more money that the bank can't offer (3% per month instead of per annum) with possibly less risk than the stock market or property.
Good luck everyone!
1. If you can not use an independent reputable Brokerage firm in which you can see everything happening & have control over your account don't do it.
2. Certified proof of past performance.
3. Risk versus reward. i.e. maximum draw down on past performance & stop loss insurance (50%-80% or whatever). This is a preference each person should decide individually dependant on their own portfolio.
4. Lastly don't just invest with one! Hedge your bets across as many reputable Managers as possible.
Although Forex is risky, a lot of the risks can be eliminated by doing your own due diligence. There are actually Money Managers out there that you can invest with who will do all this for you. I've found the top performing companies out there can offer up to 3% net return a month whilst ticking the boxes above & allowing you to sleep at night.
Like I said though I'm only a day into it but am quite impressed with what the forex market will have to offer over the next 5 years. It seems if you do your homework, minimise your risks by diversity & don't get greedy, you can still make a lot more money that the bank can't offer (3% per month instead of per annum) with possibly less risk than the stock market or property.
Good luck everyone!
Join Date: Dec 2008
Location: in a hotspot on that planet
Posts: 314
Likes: 0
Received 0 Likes
on
0 Posts
Best comment of an OZI FA on one of my last flights....
"I Don't care if it's a Ponzi or if I harm others... As long as I get money..... I don't care if it's illegal...."
Awesome people we hire....
"I Don't care if it's a Ponzi or if I harm others... As long as I get money..... I don't care if it's illegal...."
Awesome people we hire....
Join Date: Apr 2001
Location: Adrift upon the tides of fate
Posts: 1,840
Likes: 0
Received 0 Likes
on
0 Posts
I am at a loss as to why people just don't ask this very basic question: If these people have struck gold with this amazing way to make money- WHY ARE THEY INVOLVING COMPLETE STRANGERS? Altruism?
Why are they not just using their own money, their families money, their close friend's money, or going to a bank and borrowing it themselves, and then packing up after a few years and sailing off into the sunset? It would be simple with the returns claimed. Certainly, if they could prove their risk/return, 'big money'/banks would be falling over themselves to finance it.
Any 'investment' which is actually a scam, fails this simple test. (btw, there were a bunch of allegedly smart people taken by a conman in HK a few years back who could've saved themselves a lot of grief by applying this simple test).
Why are they not just using their own money, their families money, their close friend's money, or going to a bank and borrowing it themselves, and then packing up after a few years and sailing off into the sunset? It would be simple with the returns claimed. Certainly, if they could prove their risk/return, 'big money'/banks would be falling over themselves to finance it.
Any 'investment' which is actually a scam, fails this simple test. (btw, there were a bunch of allegedly smart people taken by a conman in HK a few years back who could've saved themselves a lot of grief by applying this simple test).
Join Date: Jul 2002
Location: just around the corner
Posts: 125
Likes: 0
Received 0 Likes
on
0 Posts
I am at a loss as to why people just don't ask this very basic question: If these people have struck gold with this amazing way to make money- WHY ARE THEY INVOLVING COMPLETE STRANGERS? Altruism?
Why are they not just using their own money, their families money, their close friend's money, or going to a bank and borrowing it themselves, and then packing up after a few years and sailing off into the sunset? It would be simple with the returns claimed. Certainly, if they could prove their risk/return, 'big money'/banks would be falling over themselves to finance it.
Any 'investment' which is actually a scam, fails this simple test. (btw, there were a bunch of allegedly smart people taken by a conman in HK a few years back who could've saved themselves a lot of grief by applying this simple test).
Why are they not just using their own money, their families money, their close friend's money, or going to a bank and borrowing it themselves, and then packing up after a few years and sailing off into the sunset? It would be simple with the returns claimed. Certainly, if they could prove their risk/return, 'big money'/banks would be falling over themselves to finance it.
Any 'investment' which is actually a scam, fails this simple test. (btw, there were a bunch of allegedly smart people taken by a conman in HK a few years back who could've saved themselves a lot of grief by applying this simple test).
Ferris
No bank in the world could afford the algorithm
So why not take other people's money and make a 30 per cent cut.
As for the Ponzi only time will tell
Join Date: Jul 2002
Location: just around the corner
Posts: 125
Likes: 0
Received 0 Likes
on
0 Posts
Answer it's more than 25 per cent
Join Date: Apr 2001
Location: Adrift upon the tides of fate
Posts: 1,840
Likes: 0
Received 0 Likes
on
0 Posts
You both have failed to answer the question.
Once again. Why use other people's money?
Banks can't afford the algorithm? Please. This algorithm so valuable that banks can't afford is being rented out to strangers for a few percent a month? Right.
The only possible answer is that there is an enormous risk of losing the ENTIRE capital. I have seen any number of these type of investments where the proposer is taking a cut and the 'investor' holds all the risk. As previously mentioned in the thread, the stock market is similar, except that your return is much lower, but so is your risk (and risk of losing your entire capital is truly negligible). The scheme described here is more 'roulette wheel' than stock market. I would give you a demo if I had more time.
However, if you want to ignore the "Why use other people's money" test, go right ahead. I can smell the fingers heating now.
Once again. Why use other people's money?
Banks can't afford the algorithm? Please. This algorithm so valuable that banks can't afford is being rented out to strangers for a few percent a month? Right.
The only possible answer is that there is an enormous risk of losing the ENTIRE capital. I have seen any number of these type of investments where the proposer is taking a cut and the 'investor' holds all the risk. As previously mentioned in the thread, the stock market is similar, except that your return is much lower, but so is your risk (and risk of losing your entire capital is truly negligible). The scheme described here is more 'roulette wheel' than stock market. I would give you a demo if I had more time.
However, if you want to ignore the "Why use other people's money" test, go right ahead. I can smell the fingers heating now.
Join Date: Oct 2007
Location: Location, Location
Posts: 741
Likes: 0
Received 0 Likes
on
0 Posts
While we're on the subject of recruiting investors - could anyone pass me the details of anyone they recruited for this scheme?
I've just taken a big shipment of these beauties and looking for individuals to buy wholesale from me in bulk... then you can resell at a huge profit.
We all know how popular both chocolate and tea are in Dubai so it's a surefire winner to while away those 50 degree hot summer days and also make some quick cash...
https://www.flickr.com/photos/steve_way/3409302647
I've just taken a big shipment of these beauties and looking for individuals to buy wholesale from me in bulk... then you can resell at a huge profit.
We all know how popular both chocolate and tea are in Dubai so it's a surefire winner to while away those 50 degree hot summer days and also make some quick cash...
https://www.flickr.com/photos/steve_way/3409302647
Last edited by Mr Good Cat; 13th Jul 2015 at 07:10. Reason: pic