The Chinese Warren Buffett

How not to buy a brick in a box off the back of a truck.
User avatar
Posts: 555
Joined: Mon Aug 28, 2006 8:09 pm
Location: Toronto Canada

The Chinese Warren Buffett

Post by Churchill »!/article/5090 ... e43f001370

This dude is one of a long list of Ponzi scheme artists to come out of the woodwork over the last few years. The show American Greed will have a seemingly endless stream of material.

Dude defrauded 50 million bucks. Here is a friggin red flag: There are no G.I.C.s that offer 52 percent annual returns. :shock: :shock: :shock:

He billed himself as the 1 percent per week King. :roll:

Doesn't even have a lawyer, represented himself. Found guilty. (big surprise)

Funniest part of the article is part of his defense was that he didn't actually guarantee his returns, he only "promised" them. :lol:

That is tantamount to saying what I say and my contracts are void because I was crossing my fingers behind my back.

Second massive red flag: He promised to cover any losses personally.

Still feel bad for the investors. (I use the term "investor" loosely here)
"War is an ugly thing, but not the ugliest of things. The decayed and degraded state of moral and patriotic feeling which thinks that nothing is worth war is much worse."

John Stuart Mill
User avatar
Posts: 10271
Joined: Tue Nov 13, 2007 11:00 pm
Location: Hangar 18

Re: The Chinese Warren Buffett

Post by Mentat »

The fuck? Site won't let me view unless I'm using a 'tablet browser'?
It's "pea-can", man.

Lapis Sells . . . But Who's Buying?
User avatar
Posts: 29811
Joined: Fri Jul 16, 2004 4:00 pm
Location: Location: Location!

Re: The Chinese Warren Buffett

Post by DrMatt »

Grayman wrote:If masturbation led to homosexuality you'd think by now I'd at least have better fashion sense.