"The amount of money I have lost on this turd is a
Post# of 43064
- jcoukr
Mr. Bordynuik's salary was $285,000/yr if I remember right so if the above is accurate, that's about what Jcoukr lost by investing in PTOI.
Just so everyone knows, grand larceny is typically defined by theft of over usually $500 to $1,000 and I'm sure many of you here have PTOI losses which exceed that amount. In Jcoukr's case, Mr. Bordynuik basically defrauded him out of the value of an above-median priced house.
You can take your losses and move on while leaving Mr. Bordynuik to enjoy the spoils or you can do something about it. You can bring Mr. Bordynuik to court to recover some of your losses. Alternatively if you want to pat Mr. Bordynuik on the back and say, "Good job, I know you tried so you can keep my money." then that's your option too.
I suspect, as was mentioned on the other board, that the statute of limitations on the media credit fraud has passed. You're out of luck there if you wanted to take Mr. Bordynuik to court over that. However the fake story of $115 bbl/day per processor of oil costing under $10/bbl and fetching WTI-$3/bbl still appears to be alive and well. Mr. Bordynuik never admitted to $10/bbl cost WTI-$3/bbl price being fake--he just kept introducing excuses as to why operations weren't quite coming together and introducing vague suggestions about pricing for plastic being higher. You still can charge Mr. Bordynuik for fraud if you want to recover some of your losses. Again, it's your option if you want to gift Mr. Bordynuik your money because you like him or if you want your money back.
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