sorry, my error. 12dailypro is a Ponzi scheme, not a pyramid. Either way, the program is a fraud.

 

don't forget the alpacas
http://www.ilovealpacas.com/

 

I was about to write the same thing.

 

For a real investment opportunity, I was talking with a friend of mine just this morning. He was telling me about a method his company uses to sell market volatility. To simplify it slightly, their clients buy a 1-year US Treasury Bill and sell a put option on a stock. In practice, the transactions are bundled and divided into shares - bonds, essentially - and sold to their clients. For the last four years they have been averaging about 11% annual returns on AA-rated to AAA-rated bonds. If the transaction costs could be lowered, the returns would be more in the 14% - 15% range.

We're going to write up a white paper on this and publish it as a downloadable e-book. I'm sure that other money managers will be interested in the idea, as well as investors.

We plan to publish other e-books as well on similar topics.

 

SEC shuts down $50 mln Internet Ponzi scheme

http://news.yahoo.com/s/nm/20060228/tc_nm/sec_dc


<nelson> HAAAA Haaaa </nelson> OP.

I wonder how that convention went?

 

 

Ain't that a kick on the pants?

 

BURN!!

I edited the top link slightly so that no one would click on it first with out reading the rest of the posts.

I'll leave this thread as a reminder not to be a dumbass

 

"If it's too good to be true, than it probably is."

 

ditto