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Pastimes : Investment Chat Board Lawsuits

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To: The Philosopher who wrote (1749)	7/11/2001 9:34:09 AM
From: Jeffrey S. Mitchell	Read Replies (1) of 12465

Chris, the problem with doing another April Fools joke is answering the question "what can we do to top last year" without next having to conclude "but, on the other hand, that's sure to get us sued worse as well." (g) Then there's also the very serious problem that most of the good ideas have been taken by the real con artists. For example, check out this snippet from a recent New York Times article on a scam company called EE-Biz Ventures that took people to the tune of $50 million: It is a place of fictitious currencies and make-believe investments, where 100 percent returns over a few days are not only promised but expected. Investigators have stumbled across imaginary banks hawking nonexistent "digital" certificates of deposit, illusory trillion-dollar government obligations and bogus business deals to "lease" millions of dollars in cash. The fantasy world is so detailed that, in one instance, the government was struggling to cash a $9 million check posted in the English case, only to find that the bank on which the check was drawn did not exist. And then there are the bizarre individuals connected to the case, like the purported financier who claims to be in radio contact with a 9-foot-6 extraterrestrial circling the earth in a spaceship. dailynews.yahoo.com Sigh. - Jeff

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