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another ponzi scheme

Discussion in 'Off Topic Threads' started by dbcook, Jan 22, 2009.

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  1. dbcook

    dbcook TS Member

    Joined:
    Jan 23, 2007
    Messages:
    1,157
    a grand island neb. insurance agency that recently filed bankruptcy listing 100 million in debt is being investigated for possibly running a ponzi scheme. first american insurance services& its 3 principals,james pasat,stella levea, & kenneth mottin.. attorney general jon bruning authorized the state patrol,s investigation unit to initate the investigations. ..dwain
     
  2. Frank C

    Frank C Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    2,868
    the biggest ponzi scheme.......social security!
     
  3. halfmile

    halfmile Well-Known Member

    Joined:
    Jan 29, 1998
    Messages:
    15,649
    Location:
    Green Bay Wisconsin
    You are wrong.

    Our government has the biggest one in history, Social Security is just a part of it. In a 2% environment they are paying 8% interest. The money has to come from somewhere.

    HM
     
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