Exactly. We have a guy in my ward who moved in after the thing broke. He had

Feb 1, 2023
3:36:47pm

88Coug 3rd String

Invested in this and lost almost everything. He was close to retirement age and now will work an extra 10 years just to get back to where he was, if that.

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88Coug

Bio page: 88Coug
Joined: Jun 14, 2010
Last login: May 9, 2024
Total posts: 606 (0 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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