With regards to JBI being a scam, I have never pos
Post# of 43066
Posted On: 02/21/2014 7:14:16 PM
With regards to JBI being a scam, I have never posted to that effect. TBG has not either. That is a serious accusation.
Madoff was someone who deliberately ran a scam. He supervised the creation of false stock transaction slips and mailed them to clients. Gave them 6-10% appreciation per year. Exactly what they wanted to hear. Ripping people off was a science to him and he executed perfectly.
He was in the news today. There are charges being laid against some JP Morgan executives who turned a blind eye to what he was doing, based on Madoff's testimony, although they were aware or suspected what he was doing. They were just making too much money from him. That was the problem with the Street, they were all in on it. It was very difficult to nail him, because each time a reporter was asked to write an expose, it was ignored. No one wanted to know.
The same may be true of JBI investors, as are all investors who are into something..
But that was not my point. The point is... did Bordynuik spend 60 Million dollars building something that he KNEW would not work well enough to build a successful business on? You can't say it was a scam unless you can prove that. I think he just does not know what makes a successful business. It was all just experimental. Not quite a scam... or is it?
At present, JBI is not making near enough money to get out of the hole it is in or to sell processors. That is the point TBG is trying to make on iHub. The question is... should JBI have known this would be the outcome?
Madoff was someone who deliberately ran a scam. He supervised the creation of false stock transaction slips and mailed them to clients. Gave them 6-10% appreciation per year. Exactly what they wanted to hear. Ripping people off was a science to him and he executed perfectly.
He was in the news today. There are charges being laid against some JP Morgan executives who turned a blind eye to what he was doing, based on Madoff's testimony, although they were aware or suspected what he was doing. They were just making too much money from him. That was the problem with the Street, they were all in on it. It was very difficult to nail him, because each time a reporter was asked to write an expose, it was ignored. No one wanted to know.
The same may be true of JBI investors, as are all investors who are into something..
But that was not my point. The point is... did Bordynuik spend 60 Million dollars building something that he KNEW would not work well enough to build a successful business on? You can't say it was a scam unless you can prove that. I think he just does not know what makes a successful business. It was all just experimental. Not quite a scam... or is it?
At present, JBI is not making near enough money to get out of the hole it is in or to sell processors. That is the point TBG is trying to make on iHub. The question is... should JBI have known this would be the outcome?
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