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From the lens The World of Ponzi Schemes.

  • PonziVictim Mar 5, 2010 @ 5:55 am | delete
    Jason Meyer of Rochester Minnesota has been working on scamming investors from the South East, Including Miami Lawyer Bernard Butts, which was probably a bad move. Beware of this Ponzi Scheme. Jason Meyer seems legitimate, but this is a Ponzi.
  • JaguarJulie Jun 30, 2009 @ 3:24 pm | delete
    I just heard that Bernard Madoff may be getting 150 years in prison! Pretty amazing.
  • Pastiche Apr 20, 2009 @ 7:17 pm | delete
    In our community there was a smaller scale(only a few million bucks) but just as nasty Ponzi scheme involving mortgages. Still good advice: if it sounds too good to be true, it probably isn't.
  • OhMe Mar 6, 2009 @ 7:23 pm | delete
    Oh me! Oh my! Thank you for all this heads up info. Great job.
  • MsMorrison Mar 6, 2009 @ 7:37 am | delete
    Thanks for sharing this. Definitely 5 stars!
    Here's my take to this topic :)
    Being "Madoffed" Renews Bag Lady Fears
  • SammySpam Feb 17, 2009 @ 7:23 pm | delete
    I very detailed and simply presented lens. You managed to keep it simple and direct, which made for a easy and great read. 5*
  • AndyPo Feb 13, 2009 @ 11:07 am | delete
    Excellent lens and very important, interesting information
  • Chadrew Feb 10, 2009 @ 4:22 pm | delete
    Regrettably, there are a lot of ponzi schemes operating online, since I imagine that's easier than doing it offline with all the legal requirements. They usually call themselves "HYIP" (high-yield investment programs), but of course they don't invest their money anywhere but rather pay old members from new members' money.

    Anyway, nice and informative lens :)
  • cjsysreform Jan 27, 2009 @ 10:45 am | delete
    I saw this happen over and over again with those MLM "get paid to read email" things. It was kind of fascinating, in a sad sort of way: nobody ever really got paid except for the list-owners, whose main advertisers were members of multiple "paid email" sites. These members had at least figured out that the only possible way to make any money was to advertise their referral links and build substantial downlines.... but what they didn't figure on was that most of the people running these programs had no intention of ever paying anyone.
  • PaulHassing Jan 21, 2009 @ 4:13 pm | delete
    Great to encounter you via Tammylove's Top 5. I enjoyed this lens & look forward to reading your other content. Best regards, P. :)
  • d-artist Jan 21, 2009 @ 1:34 pm | delete
    GREAT LENS!!! great information, well written...I have always feared scams like this, because they are so hard to detect...all that said, I find it unconscionable that our government did nothing about it when they knew there was a problem....5*
  • CherylK Jan 19, 2009 @ 11:56 am | delete
    I really enjoyed reading this lens and learned a lot. Thanks for putting it all together!
  • Reggie_Marigold Jan 6, 2009 @ 2:53 pm | delete
    Timely. I don't see how he could've possibly done it on his own. His sons didn't know? Maybe, yet maybe he's doing what he's doing to keep them out of jail. Who knows? What I don't understand is how the regulators didn't ever see this - any of it. How is that possible for such a long running scam? Plus, why didn't anyone investigate when information was sent to them warning them about this man? The greed must run deep and be quite invasive.
  • mulberry Dec 30, 2008 @ 11:40 am | delete
    Good info, and so timely. Too bad we all had to learn about this recently :(
  • KimGiancaterino Dec 21, 2008 @ 1:33 pm | delete
    Very topical lens with Bernard Madoff in the news. The real tragedy is that the government ignored repeated warnings about this crook. If it sounds too good to be true, it usually is.

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Snozzle

I'm Mike from the south-west of England.

At the moment I have become interested in coincidences and synchronicity. For example, is there anything meaningful... more »

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