You might also be interested in
Replies (4)
Please login or register to join the discussion.
Sounds like he didn't bank
Sounds like he didn't have the full champagne and yachting lifestyle that Madoff et al enjoyed.
Pumped into failed companies, spiralling debt...sounds more like desperation from a bad business man...but then again perhaps a very elaborate hoax and cover story from a criminal genius. Either way, the money is either down the drain or in the Cayman Islands.
As the old saying goes to those who unfortuantely lost money;
If it's too good to be true then.......
Tip of the iceberg?
These things often start with 'I'll borrow the money to fund a sure-fire investment and then pay it back with interest before anybody finds out.' The 'sure-fire investment' turns out to be anything but, and the perpetrator becomes more and more reckless as desperation sets in. Or does it sometimes work; is there an iceberg lurking below the waterline of those who got away with it?
ahh yes...and..
Spreadbettings always a good way to start if you are considering following this route.
Not that I suggest you do...