Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

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Nov 21 4:00 PM EST

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To: robert b furman who wrote (26790)	11/23/2011 1:49:26 PM
From: Kirk ©	Read Replies (2) of 219176

"A fraud is a fraud and MF Global needs to be declared a fraud. Bob Comingling customers money is a ponzi by any other name NO?" Sort of like saying bank robbery is the same as grand theft auto... both crimes but not the same Ponzi is a way to gather funds that are never invested in a way to make the great returns claimed. Just like Social Security, you use new funds to make payments to the first investors so it appears their investments are making money... MFG appears to have been theft. Sort of like someone gives you money for a car from your lot you are selling on consignment. You give them a fake pink slip and keep the money, perhaps hoping you can use the money to make more and buy the real pink slip before the buyer notices.

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