If you really want to know:
This summer I was approached by someone very close to me about a prospective deal. It involved my putting up $5 million dollars, through a corporation by mortgaging land. I would supposedly be guaranteed 10 million in one month, with 5 million in 380 days both by "bank guarantees" (they were supposedly issued by international banks, as the US banks were not "big enough"). Realize, this person I had known and respected, was a great family man and had done much for the community. He stated he had done several such deals, involving trading of federal treasuries. When I asked him why he didn't do such deals, he couldn't because he was a trader. For every question there was an answer.
Over time, I caught him in several contradictions, which started my suspicions. Through a little investigating, contacting the SEC, etc., I learned that the whole thing was a Ponzi scheme--a fraud.
This was from a man I respected, trusted, etc. I was hurt by that, and still am very bitter my any potential misrepresentations or dishonesty. They DO hurt people.
I want the best for TSIG. I want the best for all shareholders. But I want us to do it with integrity and honesty. |
