Ponzi scheme hits Kauai, feds report - News

Full story: Honolulu Star-Bulletin

Federal authorities are investigating what they say is a Ponzi scheme operated by a man who collected more than $13 million from so-called investors, including prominent Kauai residents, over three years.
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1 - 9 of 9 Comments Last updated Feb 17, 2009

Since: Mar 08

Aiea, HI

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#1
Feb 17, 2009
 
Damn, I just lost One Billion Dollars.

Be careful because these schemes are every place now days.
ovphoto

Aiea, HI

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#2
Feb 17, 2009
 
if it sounds too good to be true-it probably is
Nic

Carrollton, TX

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#3
Feb 17, 2009
 

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Ponzi schemes are bad. The biggest Ponzi now running is our Social Security System. It's bankrupt but it's still collecting money from everyone and paying off the retire people. It will collaspe in the future and the government must be held accountable.
BozoNemesis

AOL

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#4
Feb 17, 2009
 

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P. T. Barnum said it the best..."There's a sucker born every minute." The people who invested with this guy, like the people who believe that the Porkulus Bill to be signed by Obummer today will not have to "pay the piper" for the enormous (75%) pork spending; but BOTH are being suckered by a pack of thieves, private or political! The investors in question, as well as the taxpayers have been "taken for a ride" by unscrupulous people/politicians whose ONLY interest was/is in filling their own wallets and/or getting re-elected to continue filling their own wallets. Take your choice WHOSE PONZI SCHEME you will be sucked into, willingly or unwillingly! If it looks like a duck, and walks like a duck, it has to be a duck.'Nuff said...
Bozo NONO

Ewa Beach, HI

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#5
Feb 17, 2009
 
BozoNemesis wrote:
like the people who believe that the Porkulus Bill to be signed by Obummer today will not have to "pay the piper" for the enormous (75%) pork spending; but BOTH are being suckered by a pack of thieves, private or political!
Hey Bozo, how come you don't mention the 750 BILLION suckered by Bush in December, and paid out to his banker friends? Could it be you're a Bush sucker? Is that why it was perfectly fine for Bush to steal all that money, but not okay for Obama to use it to try to regain what Bush has lost us? Your judgement is showing, idiot!
Nani

Irvine, CA

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#6
Feb 17, 2009
 

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Nic wrote:
Ponzi schemes are bad. The biggest Ponzi now running is our Social Security System. It's bankrupt but it's still collecting money from everyone and paying off the retire people. It will collaspe in the future and the government must be held accountable.
I think a bigger Ponzi scheme may be the stimulus package that the President will sign today.
Als Bar and Grill

AOL

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#7
Feb 17, 2009
 
Akamai!!!!!!!!
Rush Limberger

Royal Oak, MI

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#8
Feb 17, 2009
 
Bozo NONO wrote:
<quoted text>
Hey Bozo, how come you don't mention the 750 BILLION suckered by Bush in December, and paid out to his banker friends? Could it be you're a Bush sucker? Is that why it was perfectly fine for Bush to steal all that money, but not okay for Obama to use it to try to regain what Bush has lost us? Your judgement is showing, idiot!
The only reason you socialists are in office is because Bush acted like a Democrat for 8 years.
alice

Maunaloa, HI

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#9
Feb 17, 2009
 

Judged:

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7

7

Too much fraud going on.

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