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Strategies & Market Trends : Banned.......Replies to the A@P thread. -- Ignore unavailable to you. Want to Upgrade?


To: hedgefundman who wrote (2316)1/22/2005 2:22:50 PM
From: olivier asser  Read Replies (2) | Respond to of 5425
 
In many cases, the reason why these people took the low road is because they were insecure about their own ability to make an honest living. You know, honest calls, honest trades, real research honestly and openly obtained and provided. Also, they greatly enjoyed deceiving their targets, that was part of the appeal, delusions of grandeur and control, superiority to those they ruined.



To: hedgefundman who wrote (2316)1/22/2005 2:53:19 PM
From: olivier asser  Read Replies (1) | Respond to of 5425
 
A good example of the kind of deceit we're discussing here: criminals who defraud thousands of members of the public through years of deceit on the Net then think it's their place to go out in public and "warn" us about the dangers of being defrauded:

64.233.161.104

Avoiding Being Ripped Off When Donating

Berber's clients didn't avoid being ripped off when they trusted him. This would be comical if the consequences for the public weren't so severe.

"It's a long list, and that's part of the problem. International aid traditionally has shown a relatively small amount of donor dollars gets to the people in need," Berber said.

In fact, in early 2000 Berber publicly called long-standing charities "criminal." Problem there is he lied about his own charity, was exposed by the LA Times for it.

Berber and his wife learned that lesson transforming their hi-tech earnings into help for Ethiopians.

No argument there: Berber lied making the money; now he lies about his so-called charitable foundation.

"It'll let you see their financial tax reports," Berber said, "And what it shows is 99 percent of what you send gets to the people in need."

Tax reports of Berber's foundation showed in 2000 that though he said on Fox News and CNBC that he had donated $100 million, the LA Times obtained IRS records showing he donated only $108,500. Then, it turns out he never donated $100 million but only the INTEREST on the $100 million.

It's amazing that individuals like Berber can ruin 10,000 people and then go on to speak in the national media as if they were some kind of savior when they themselves caused untold suffering, built their ill-gotten fortunes on it. I believe that where a criminal has defrauded many and gone in public to boast of their success, stand up and proclaim themselves as paragons of society helping others, when they did nothing of the sort, in fact the opposite, judgment against them should take this into account, this complete lack of remorse, and throw the book at them. I call this kind of public chicanery a special circumstance calling for especially severe punishment. Not least because people like Berber et al have their ill-gotten hundreds of millions to use to attempt to evade any judgment for what they did.