Report problem with this ad
Jan 11, 2009 - 10:35pm
Idaho Falls Investment Scheme
The controversial investment scheme that I had alluded to in the past made the papers...

The story finally broke in the Idaho Falls paper this week about Trigon Investments. One Darren Palmer has lost over $100M in investments due in part to some crazy hedging activity and then ultimately outright fraud. He has fled the area (per his wife, he is 'out of state'), has left a gargantuan home construction project half-finished (close to $2M in construction liens and the site will be an eyesore for years to come), a crazy string of convoluted business dealings that are just now being untangled... His dishonesty will ruin many respectable families here in town, but they got what they asked for - unreasonably-high returns for an inordinate amount of risk with a guy who was known to be associating with less-than-reputable folks in the community.

Bottom line, this Palmer guy is responsible for a huge dent in the local economy. Hopefully they find him and put him behind bars where he belongs - preferably in a nice federal facility where he can learn the more subtle principles of, well... I will leave it to your imagination.

Full disclosure - I didn't have a dime invested with the guy, nor did any of my relatives. I just have to drive by the eyesore of the mansion project every Mon Wed Fri when I play AM hoops at the stake center.

----


-----

m4t4d0r
Report problem with this ad

m4t4d0r

Joined
Jul 14, 2001
Last login
Dec 18, 2014
Previous username
MSCoug
Total posts
8,210 (1 FO)
Recent feedback given
Recent feedback received
Location
Idaho Falls, ID
Occupation
Boss
Report problem with this ad
Messages
Author
Date
LDS? (nm)
1/11/09 10:42pm
1/11/09 10:44pm
geesh (nm)
1/11/09 10:44pm

Posting on CougarBoard

In order to post, you will need to either sign up or log in.