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Feb 1, 2023
1:50
:05
pm
cougarmeister
How does this work?
These schemes have been around forever, I can't believe people still fall for it
...and "but he's in my ward and seems like a great guy" is an unbelievably stupid reason to give somebody your life savings.
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cougarmeister
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cougarmeister
Joined
Oct 8, 2007
Last login
May 7, 2024
Total posts
19,567 (2,297 FO)
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Messages
Author
Time
Not a good look, this was front page of the WaPo today (may be a paywall)
OU Cougar
2/1/23 1:44pm
someone needs to go to jail jail
Cougarclaw
2/1/23 1:46pm
True true
vagabonder
2/1/23 1:48pm
RE: True true
Cougero
2/1/23 1:50pm
RE: True true
Kilgore Trout
2/1/23 1:51pm
Shame he is not around to glory in this B12 schedule. How many yrs left in jail?
Dr T-bone
2/1/23 1:53pm
He was sentenced to 16 to 40 years in prison in 2017.
Icecat
2/1/23 1:58pm
Dang, 900 people and 500 million bucks? That's like an average of 500k each.
Virginia Ute
2/1/23 1:46pm
Several people on here know them. Scumbags. The worst people are the wolves among us. I'm very cynical.
CSoul
2/1/23 1:47pm
Is the criminal a member?
vagabonder
2/1/23 1:48pm
Beasley and Judd ran the ponzi scheme. Only Judd is a member.
volleyjiver
2/1/23 1:51pm
Along with several of the people who were marketing it and convincing people to invest 🙁
Clark Addison
2/1/23 1:54pm
Were they aware or just dumb and greedy?
vagabonder
2/1/23 1:55pm
Great question that I don't think anyone knows the answer to. I would think dumb/greedy/negligent is probably a given,
Clark Addison
2/1/23 1:58pm
What are the chances they are on CB? I think pretty low. There aren’t that
bdizzle
2/1/23 1:48pm
Why are folks so gullible?
PortlandCoug
2/1/23 1:48pm
We turn our brains off when we hear something we want to be true.
vagabonder
2/1/23 1:49pm
😬
Bad Plus Fan
2/1/23 1:55pm
Also, how do these guys that orchestrate these schemes think they'll ultimately get away with it?!
bag
2/1/23 2:02pm
Good question. Yet many on this board including myself put money in Safemoon and
BangkokCoug
2/1/23 3:12pm
I dipped my toe in Safemoon ($1000) days before it all started crashing down.
85fan
2/1/23 3:55pm
I wish I had only put in $1000. I put in $4500 between safemoon and bonfire
volleyjiver
2/1/23 4:18pm
I think everyone understood that crypto is a casino.
vagabonder
2/1/23 4:46pm
Don’t get tied up in something too good to be true true
Ron Mexico
2/1/23 1:49pm
I see what you did there 😉
cougarmeister
2/1/23 1:50pm
To be fair, Truetrue wasn't selling anything or trying to get investors. He was
byubyu
2/1/23 2:02pm
He was selling himself by spends ng waaayyyyy too much on advertising
TN_Coug
2/1/23 8:43pm
Awful. I'll never understand how people get duped in this way. Seems like
kansascougar
2/1/23 1:49pm
These schemes have been around forever, I can't believe people still fall for it
cougarmeister
2/1/23 1:50pm
I can believe it. The temptation to be really rich makes people blind.
GRCoug
2/1/23 2:01pm
Seems like they generally start small, then see the returns and get hooked.
JuicyJam
2/1/23 2:21pm
Beasley was not/is not a member of the church, only Judd. They met through their
volleyjiver
2/1/23 1:50pm
Looks like a former CBer might get a cellmate or 3.
Turnpike Lane
2/1/23 1:51pm
I’m out of the loop on this one…
Ol Big Bear
2/1/23 1:58pm
while ago, Rob Graham, a byu grad Las Vegas attorney stole a bunch of money
COUGALICIOUS
2/1/23 2:14pm
Thanks for looping me in
Ol Big Bear
2/1/23 2:36pm
no prob . . . one thing I hate about CB (love it generally) . . .
COUGALICIOUS
2/1/23 5:28pm
This puts it mildly...
NanoFab Coug
4/27/23 10:53am
The common thread of almost every Ponzi scheme ever?
LargeTalons
2/1/23 1:55pm
I think a pretty good rule of thumb is that when you are going in to take out
GRCoug
2/1/23 1:56pm
Mormon scammers are the worst; they didn't listen in church.
BlooCoog
2/1/23 1:58pm
Ty Detmer lost a ton of money in something similar I believe. Really sad.
JDBlue
2/1/23 2:00pm
<< Deleted >>
Princepete
2/1/23 2:00pm
Anything that promises 50% annual returns is likely crooked.
LifeLongLakerFan
2/1/23 2:01pm
Anything that promises a 50% return IS a scam.
Blue Print
2/1/23 2:10pm
Kinda funny how they list Mormon bishops when listing careers of victims.
Mostlyaccurate
2/1/23 2:08pm
tight knit communities are susceptible to stuff like this
v1k0u6
2/1/23 2:16pm
Feel bad for the lady who lost her money, but her ex-husband has got to be...
cougarmeister
2/1/23 2:17pm
That part had me howling. Ex-Husband had to know what was up
DodgerCoug
2/1/23 2:52pm
Yeah, tough situation when she's your kids' mother though
Gustav
2/1/23 4:04pm
Meanwhile the lady is packing groceries into her tesla in the article.
Princepete
2/1/23 4:30pm
Are we sure she's not married to a dentist in Draper?
JJCoug
2/1/23 4:34pm
kind of an important detail that the article leaves out.....
Coog4Life
2/3/23 3:15pm
RE: kind of an important detail that the article leaves out.....
Cougero
2/3/23 3:34pm
just learned her son is on BYU's baseball team and another is an Oregon commit
byuwahoo
2/3/23 4:13pm
Why haven’t LDS member learned if it sounds to good to be true it is!!!!
germ1
2/1/23 2:18pm
Ok, I can see myself throwing a little money at that, if everyone is doing it.
JJCoug
2/1/23 2:19pm
Boardname checks out
bruincoug
2/1/23 2:23pm
we found him!
CrashMcLarson
2/1/23 3:15pm
I can't see myself throwing a penny at it. 12dailypro anyone?
CSoul
2/1/23 6:40pm
who is the former MLB player mentioned?
byuwahoo
2/1/23 2:21pm
I think this guy
AZ Coug
2/1/23 3:21pm
Thanks. Looks like he played one year of MLB.
byuwahoo
2/1/23 4:32pm
He pitched 1.2 innings (one game) in 2006
AZ Coug
2/1/23 6:44pm
He is Amazing!
FossilEnergy
2/1/23 6:46pm
I know some people here in Vegas that got caught up in this... Here is some insight...
(Private)
2/1/23 3:04pm
Exactly. We have a guy in my ward who moved in after the thing broke. He had
88Coug
2/1/23 3:36pm
Kudos to these two:
Gustav
2/1/23 3:52pm
Brutal note on the story:
Gustav
2/1/23 3:59pm
It blows my mind that people actually invest in this stuff. Not to victim shame, but it's crazy to me
Nuke
2/1/23 4:01pm
There is an element of greed to this. People want the sure thing that makes them
JohnnyC
2/1/23 4:07pm
But why are people sticking all their money in one pot and completely trusting
Mitty
2/1/23 8:49pm
most people are really really dumb with money. And to make it worse they trust
Powerbait DPM
2/2/23 1:48pm
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