Posted on 08/23/2006 6:54:44 PM PDT by TigerLikesRooster
Maybe I'm naive but I think the honorable thing to do would be to return anything above the original investment.
If they had nothing to do with the fraud and merely cashed out why should they repay it? Its theirs. Thats what people do with stocks isnt it. Buy mow and sell out high?
I never heard anyone try to sue Hillary for her beef investments.
If the money was not earned by the fund as the story says, then what they recieved was in fact money stolen from other investors. Since Sly, Koch etc. did not know this, they are not being charged with receiving stolen property.
As to the beast from the east, unless the confirmations for the transactions where she made that fortune were matched with those who lost,(the futures market is a zero sum game, if one wins, another looses) and those who lost bring no action, no harm no foul. IMO, that whole scam of hers was a way for some unknown person or entity to enrich the Clintoons. Possibly for later considerations.
lmao
Post #6 should read (as I understand it, the futures market is a zero sum game...)
--Thats what people do with stocks isnt it.
Yeah but this was just a scam not a profit from buying and selling stocks.
If Stallone was a part of the scam he should go to jail, If he was just an invester and innocent of any wrongdoing he owes no one anything.
Sounds a lot like the liberal mantra of "social justice", does it not?
I agree.
--If Stallone was a part of the scam he should go to jail, If he was just an invester and innocent of any wrongdoing he owes no one anything.--
Legally, maybe not. What I said was that the honorable thing to do would be to return the money, which is what I'd probably do unless I was really hurting since I've never cared that much about money anyway.
"unjust enrichment."
--Sounds a lot like the liberal mantra of "social justice", does it not?--
Not really.
Yes it does. :-)
Nope..liberals think unjust enrichment doesn't matter what you did to get the money..just having it is unjust.
That said, I wouldn't give back the money...:)
sw
--People who can invest in Hedge Funds can well afford to lose their money
I wouldn't be so sure about that. It wouldn't bother me too much if a wealthy guy got scammed. I know some older guys who risk quite a lot because if they don't collect a pretty good profit they're not gonna have much to live on in retirement anyway, or at least that's the way they look at it.
You would think so but (I did not run the numbers about how much money they made and how fast the investment increased) if they made a lot of $ in a short period of time the arguement will be that that type of profit is highly unusual and they "should" have known that it was a ponzi scheme. Investors have been disgourged on this basis before.
Not maybe. In an investment, you have the goal of increasing your capital. You have an eye open for new investment oportunities AND a poorly perfoming current one. When your investment goal is reached, or you have a better investment, you sell the one and either pocket the return or reinvest the capital and profits. In this particular investment, some were prudent, some were lucky, and who knows, maybe some were tipped off. If the latter, the courts will decide, if not, those are legitimate profits. Hanging on to a bad investment or not watching your investment is not prudent and could cost you your investment capital. Life is not the third grade.
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