Thanks for vivid details about how an intricate stock market scam worked in the 1920's.
I never would have imagined such organization and attention to details. On Sat, Nov 12, 2011 at 8:03 AM, Sarbajit Roy <[email protected]> wrote: > ">You think people are too sophisticated to give money to scammers? You > must read different news articles than I do." > > http://www.blongerbros.com/gang/rag.asp > > > > On Sat, Nov 12, 2011 at 9:24 AM, Rich Murray <[email protected]> wrote: > >> Mary Yugo lays out how a typical new energy device scam works: Rich >> Murray 2011.11.11 >> >> from >> Mary Yugo [email protected] reply-to [email protected] >> to [email protected] >> date Fri, Nov 11, 2011 at 5:55 PM subject Re: [Vo]:Rossi E-Cat web site >> up >> >> On Fri, Nov 11, 2011 at 5:06 PM, Aussie Guy E-Cat < >> [email protected]> wrote: >> >> Nice to see the web site is registered to Rossi but what the heck does >>> the validity of the E-Cat have to do with the software that was used to >>> create the web site or who the web site was created by or who it is >>> administered by? >>> >> >> I agree, very little. But it's unlikely that a prosperous and >> sophisticated company would do it that way, that's all. >> >> >>> I suggest the sales and payment conditions has just totally taken the >>> wind out of the sails of all the scam / fraud group. >>> >> >> Oh, Gee! Not at all. A common form of scam is to take money somewhere >> near the start from secret investors who sign an NDA so they can't talk or >> write on public forums. The NDA is usually extremely broad in scope and if >> someone hints at breaking it, all sorts of threats of law suits begin. >> >> Meanwhile, the perpetrators buy an ad or two or do a web page or other >> introduction, have news releases and press conferences, and announce a new >> company that promises all sorts of wonders. They usually have some sort of >> photo op and maybe a carefully contrived demonstration that believers can >> sop up but which really proves nothing. The next step is to announce that >> a lot of the proceeds will go to charity. Blogs sprout up praising the >> device and fantasizing what will happen in the future when it is widely >> adopted. Skeptics are scorned and insulted and eventually banned from >> enthusiast sites. Then, the scammer says they won't be taking investment >> money now. Maybe in the future they'll go public but they're doing this >> "on their own". The secret investors aren't mentioned and they can't say a >> peep due to their NDA. They also don't want to jeopardize success and >> future profits. Some are simply too embarrassed to speak. >> >> Customers are announced but somehow they're never produced. Test are >> declined if they're too definitive. Hey, they'd reveal too many trade >> secrets. Patents? "Sometimes it's no, sometimes it's yes, it just >> couldn't matter less" (from Gigi, 1958, IMDB). >> >> Along the way, more secret investors may be picked up. The investment >> amount can get really large -- Steorn so far has been $21 million Euros. >> The money is spent or squirreled away. It can go on for years with no >> product, no proper testing and no customers who can verify that the product >> is real. >> >> That's the quick version. Is that what Rossi is? In my mind, he fits >> the script but he's more daring about demos than most -- but who knows? >> The more time goes by between the customer announcement and some credible >> souls vouching for a bona fide sale and of course a proper test -- the >> longer it takes, the more likely it's a scam. Nine months and counting now. >> >> You think people are too sophisticated to give money to scammers? You >> must read different news articles than I do. >> >> >> Rich Murray >> [email protected] >> 505-819-7388 >> rich.murray11 Skype audio, video >> >> >> > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > lectures, archives, unsubscribe, maps at http://www.friam.org >
============================================================ FRIAM Applied Complexity Group listserv Meets Fridays 9a-11:30 at cafe at St. John's College lectures, archives, unsubscribe, maps at http://www.friam.org
