Monday, September 23, 2013

HILARIOUS: Ever heard of Comic Book Ponzi?

Yes, there really is such a thing as comic book Ponzi. Three men, WHILE IN PRISON, concocted a scheme where they claim they will buy up old film and comic book rights and recut them and make them into documentaries and license them out to make movies and whatnot. Through some fast talking about up to 150% gain short-term they amassed over 7 million in investments.

The truth is, of course, that they made almost nothing. In two-month period in 2007, out of all the deposits... $8000 was from sale of movies, but $1.7 million was from investors.

All three were serving sentences for some sort of fraud when this scheme was concocted. And in May 2013, they are going back to jail.

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