Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: AuntB; org.whodat

see #26....Looks like everybody gets Half of their initial investment back....bet that fund isn’t BIG ENOUGH!


27 posted on 02/20/2009 12:05:23 PM PST by Ernest_at_the_Beach (What happened to my IRAs)
[ Post Reply | Private Reply | To 26 | View Replies ]


To: Ernest_at_the_Beach; AuntB; org.whodat; CutePuppy

Under the legal principle of “fraudulent conveyance,” one cannot profit from a fraud.

Every investor was given monthly statements showing the supposed “growth” of the investment.....some rolled it over, some put more in, etc.

But those that took “profits” out——have to give the money back...........legally, one cannot profit from a fraud.


38 posted on 02/20/2009 8:24:47 PM PST by Liz (Problem with socialism is you eventually run out of other people*s money. M. Thatcher)
[ Post Reply | Private Reply | To 27 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson