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This was a fascinating read.

• aidos 12y ago
  Agreed, really interesting. Not something I'd even heard of before. The world is definitely full of colourful little subcultures! I wonder about the discussions on cracking down on the various offenders. They claim that most people involved understand the scam - if that's the case, why even bother stopping people. I get that there are probably those who naively walk in and lose a bit of cash, but it seems pretty complicated to even get started. Arguably the resources are much better spent on educating people about dangers on the Internet. If they don't have this scam to fall for they'll just get done some other way.
  • joshu 12y ago
    Indeed. I assume it's illegal to participate in these as well. The hidden banking system was also interesting to see. I think the problem of scam investments is only going to be bigger, especially with crowdfunding in the future. I worry about saying much about this though as an actual accredited investor and don't want to seem exclusionary.