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FIB - Scams 101 - Ye Olde Archives
Posted By: MaaMaw In Response To: dxgold (savage)
Saturday, 22 January 2005, at 10:04 p.m.
> results I got were that MaaMaw's initial $35 would grow to over $140,000
> at the end of five years and an initial investment of $500 would grow to
> over 2,000,000 at the end of five years. If at the end of those five years
> you began to take the interest earned monthly out as income you would make
> $21,000 on a principal of 140k if they held to an average 15% profit
> monthly and (ahem)$300,000.00 a month or $3,600,000.00 a year on your $500
> investment.
Exsqueeze me??
> I have a problem with these kinds of numbers.
Me too.
I don't do higher math, and I **never** compound anything (except problems) -- but I don't understand how you're getting from $35 to $140,000.
Without even trying to figure it out because I knew it was futile, my HOPE was that in 2 years I might have $1,500 in there.
> The FTC lists the exchanging of internet currencies as one of it's top ten
> frauds perpetrated on the internet.
My biggest concern has been the FBI kicking in my door. I don't get it -- don't pretend to -- just wanted to try it with my whopping $35 and see what happens.
I didn't check with the FTC on this one because it was Christmas money and I decided I could risk it and see what happened.... but I'm headed over there now.
> All in all, it struck me as a little oopsy in the credibility department.
> It's also very tempting is it not? Isn't that the sign of something or
> another?
Insanity??
A "Kick Me Again" personality disorder??
> MaaMaw, I didn't mean in any way, shape or form, to single you out by
> using your investment as an example. My apologies if it struck you that
> way. Best of intentions and all that.
Nope. It didn't, but thanx for asking.
> I tryed to post this once before and went to preview it and then back and
> what I got was a duplicate message type notification. It said I could go
> back and make some small correction and then post it but what I found was
> that that post was East with the Geese, dunno where it went, and I had a
> do-over on my hands. This is not a complaint, just a heads up in case
> something went kaflooey or something.
I don't know why that happens occasionally. I see another post showed up twice (which also happens sometimes.) It usually straightens itself out.
Luv,
MaaMaw
The Absolute BEST, most COMPREHENSIVE Internet Marketing Course on the entire planet!!
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