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Punters Club fiasco


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fancy betting on the GG's when ive got a perfectly fine Bridge Leasing-tolling opportunity for the astute investor :rolleyes:

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fancy betting on the GG's when ive got a perfectly fine Bridge Leasing-tolling opportunity for the astute investor :rolleyes:

You have to wonder how intelligent people get caught up in this type of crap; perhaps they saw it as alternative to free money from Nigeria or the shares issued from Thailand's boiler rooms.

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You have to wonder how intelligent people get caught up in this type of crap; perhaps they saw it as alternative to free money from Nigeria or the shares issued from Thailand's boiler rooms.

Come on Rob...You mean to tell me my 2.4 Million I won is not coming?????
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You have to wonder how intelligent people get caught up in this type of crap; perhaps they saw it as alternative to free money from Nigeria or the shares issued from Thailand's boiler rooms.

Yes you do but it seems to happen a on regular basis.

Our x president has lost a lot.

Explains a bit I guess.

Edited by old dee
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Yes you do but it seems to happen a on regular basis.

Our x president has lost a lot.

Explains a bit I guess.

not necessarily od

if he got in early and cashed out his dividends

and was in a higher pyramid position

he might break even or have just a small "real" loss

i guess we'll never know because i'm sure those who cashed out any dividends (rather than reinvest) won't be disclosing

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I would think that this is a very touchy subject, one that has potentially affected the lives of a number of people, and could be seen as criminal behaviour.

Should we really have a thread about this? My call is for mods to shut it down before it gets out of hand (given that 99.9% of threads on this site eventually do!).

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Yes you do but it seems to happen a on regular basis.

Our x president has lost a lot.

Explains a bit I guess.

A friend of mine bought some shares through one of these Thai Boiler rooms and when they went belly up he bought more to try and cover his loss; guess what happened.

I'm sure he must have had sucker tattooed on his forehead because he fell for every scam known to man.

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A friend of mine bought some shares through one of these Thai Boiler rooms and when they went belly up he bought more to try and cover his loss; guess what happened.

I'm sure he must have had sucker tattooed on his forehead because he fell for every scam known to man.

It is astounding Robbie, you just wonder at what is going through their grey matter on these occasions.

Two things spring into mind

- There is a sucker born every minute

- If it looks to good to be true then it is.

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Word around here (close to Monday night's action) is that an OMCG may have had money 'invested' with Vhalos.

A report in today's Age says that as much as $500 mil could have been invested - and none of it punted.

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It is astounding Robbie, you just wonder at what is going through their grey matter on these occasions.

Two things spring into mind

- There is a sucker born every minute

- If it looks to good to be true then it is.

Old, while I understand what you are saying, these parasites prey on the weak, and are generally very good sales people. Of course some people are just too easily sucked in and are oblivious to the "too good to be true" cases, but it's the vulnerable ones that I feel sorry for. Too many times they target those that aren't in the greatest state of mind, and the consequenses can be costly.

The suckers that put $$$ in just to make a quick buck, yeah, I don't have too much sympathy for them (it has happened to me before - won't go in to too much detail, but while part of me is still peed off at the bloke that did it, the rest of me blames myself but doing so with "how silly am I" grin on my face!), but it's the vulnerable ones that feel that this is the answer to breaking some of their financial shackles, often those that are older, they're the ones that upset me the most. Sure, they probably should know better, but sometimes that's not the thought process at the time.

I still vote for this thread to be locked, with the key thrown away.

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I see the thread as a good warning to all, doesn't matter who you are, there are plenty of sharks about who are willing to drain your funds.

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Anyone that falls for these scams, deserve everythi,ng they get, i cannot feel sorry for them, I should give don a call I know a guy who has a horse who's a lost relative of pharlap.

I see the thread as a good warning to all, doesn't matter who you are, there are plenty of sharks about who are willing to drain your funds.

Hear what you are saying Bluey, but given that it will attract comments like that of "angrydemons" above, I'm not sure if it's the most constructive place to get a message across.

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Old, while I understand what you are saying, these parasites prey on the weak, and are generally very good sales people. Of course some people are just too easily sucked in and are oblivious to the "too good to be true" cases, but it's the vulnerable ones that I feel sorry for. Too many times they target those that aren't in the greatest state of mind, and the consequences can be costly.

The suckers that put $$$ in just to make a quick buck, yeah, I don't have too much sympathy for them (it has happened to me before - won't go in to too much detail, but while part of me is still peed off at the bloke that did it, the rest of me blames myself but doing so with "how silly am I" grin on my face!), but it's the vulnerable ones that feel that this is the answer to breaking some of their financial shackles, often those that are older, they're the ones that upset me the most. Sure, they probably should know better, but sometimes that's not the thought process at the time.

I still vote for this thread to be locked, with the key thrown away.

I understand what you are telling me billy.

But what amazes me is the number of seemingly intelligent people that get sucked in.

A number mentioned in the press I would have thought were far from being fools but in they go.

Obviously They are not as bright as I thought

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It is astounding Robbie, you just wonder at what is going through their grey matter on these occasions.

Two things spring into mind

- There is a sucker born every minute

- If it looks to good to be true then it is.

Probably a similar thought process to all those Demonlanders who bet on MFC each week in the last few years.

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I understand what you are telling me billy.

But what amazes me is the number of seemingly intelligent people that get sucked in.

A number mentioned in the press I would have thought were far from being fools but in they go.

Obviously They are not as bright as I thought

The line in the Herald Sun summed it, "it attracted everyone from pensioners to the penthouse".

I've seen multi-millionaire businessmen invest in things that have gone belly-up. Greed? To some degree for some, but not all.

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He was probably trying to extricate anyone it could come back on, before he bolted himself.

Quietly move everyone else and then one day do a houdini.

Not convinced by the staged "bashing" either.

What goons would leave him with just the reported "bruised face and some blood on his shirt"?

And he was found on the nature strip, where the "attack" would be in plain view.

If it was legit, he'd be missing toes and teeth, and they wouldn't want witnesses.

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If it was legit, he'd be missing toes and teeth, and they wouldn't want witnesses.

From friends in lower places I believe a hammer smack down onto one of his Sourav Ganguly's would be standard practice.

I mix in better circles these days

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