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FIB - Scams 101 - Ye Olde Archives

Re: I won't say "DXGold" anymore after today

Posted By: The Roadie <wcarton@flash.net>
Saturday, 18 June 2005, at 7:58 p.m.

In Response To: I won't say "DXGold" anymore after today (Dave Mauder (eDave)

> So let me state for the record... The company is GDT and their new
> website/system is called DXInOne. :-)

OK. Got it.

> True enough about banks and being regulated. No argument there. I have
> stated many times in the past that I am still skeptical about GDT for this
> reason (location, lack of regulation/oversight, etc). However, from a
> risk/reward standpoint, I have personally experienced tiny risk and HUGE
> reward. Since I already got all my initial investment back, and I've never
> lost a single penny, where is the risk?

None for you, unless you are being used as the unwitting shill. The one who gets their money back, writes a testimonial about your early success, and is held up as the success story and used to induce later victims to join the program. The early participants in Ponzi schemes pretty much HAVE to make money, or else the organizers didn't maximize their take.

For you, the only risk is that if they end up closing down and running away with the money, that you might have a hard time sleeping if you were used for testmonials.

Maybe that's not what's happening at all.

> I understand what you are saying about new people getting in, but would
> they be any better off if they invested their life savings in the stock
> market and made a bad stock pick? If they someone all their money because
> ther stock goes to zero, who will they call? Who will they go after to get
> their money back? I would feel just as bad for someone if they lost money
> in the market, in a bad real estate deal, in a business partnership gone
> sour, or in some business opportunity they took a chance on that failed.

Big difference is that they made choices, and the outcome was mostly under their control or forseeable if they understood the risk/reward equation. Offshore operations with no transparency can fade away as fast as Enron's market cap.

But you're right - making such poor choices deserves very little pity. And certainly should not involve getting paid back from the public trough.

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You'll find great information in this "Read Only" Archive, but remember..... things change.
Be sure to visit the Current Message Board when you're finished here.

We're very friendly, so don't be shy... just jump right in and post your question.
Scams outnumber legitimate biz ops about a bzillion to one, so it's well worth your time.



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