[Libloather]

I'm kinda surprised folks can still pull off a Ponzi scheme these days.

[E. Pluribus Unum]

I miss Radio Shack.

[fruser1]

Social Security employees?

[mikey_hates_everything]

They sold unsecured notes that promised returns of up to 25% a year, and ownership shares that offered monthly payouts as high as 2%, according to the complaint.

[broken_clock]

Made a few cool Heath kits at the Shack. Sad it went under.

[Flash Bazbeaux]

The investors were clearly not being Realistic.

[No name given]

Just look at Schwartz Gyorgy and the other demonrats.

[PAR35]

unsecured notes that promised returns of up to 25% a year

Well, anything greater than zero would meet an 'up to' promise. That's a cap, not a minimum.

Promising 24% a year in dividends (2% a month) - "as high as" - well, that sounds like a cap as well.

[PAR35]

unsecured notes that promised returns of up to 25% a year

Well, anything greater than zero would meet an 'up to' promise. That's a cap, not a minimum.

Promising 24% a year in dividends (2% a month) - "as high as" - well, that sounds like a cap as well.

[Wuli]

Ponzi schemes in the investment world pry on investors that refuse to to their own due diligence, or refuse to do it well. There was probably very little in the backgrounds of the leaders of these recent ponzi schemes that evidenced cause for the trust they asked for.

[The Free Engineer]

Apparently, the alleged perps are as well.

[jimwatx]

The SEC is totally worthless and might as well be dissolved to save money. There’s obvious instances of insider trading going on all the time and the SEC does nothing about it.

unusual_whales
@unusual_whales
Look at this.

JUST BEFORE the announcement that Electronic Arts, $EA, was to go private, there was $EA 180 calls expiring literally next week on 10/03.

They were Early volume at around $0.37 per contract.

They sold for nearly $15.

They made 1.2 million from $30,000 in less than a few hours.

Someone always knows.
https://x.com/unusual_whales/status/1971953223809618323

[RetiredTexasVet]

Investing in bankrupt companies doesn’t seem like sound investing.

[RetiredTexasVet]

Investing in bankrupt companies doesn’t seem like sound investing.

[fso301]

Is there an address for RadioShack? I’d like to upgrade my TRS-80’s memory from 256K to 512K so my daily Freeping will go faster.

[Paal Gulli]

Lie down with dogs.

Get up with fleas.