A leopard doesn't change its spots...Would you trust Bernie madoff with your retirement savings if he apologized to his victims?
Sure. He is now closely monitored by the feds.
His firm wasn't profitable for years lol, at least wasn't beating the market from what I saw.
He should have been smart like SAC Capital, I guess insider trading isn't so dangerous after all, and angry investors aren't screaming for your hide....
A leopard doesn't change its spots...Would you trust Bernie madoff with your retirement savings if he apologized to his victims?
Sure. He is now closely monitored by the feds.
His firm wasn't profitable for years lol, at least wasn't beating the market from what I saw.
Classic pyramid, Madoff was paying 12% per annum during good markets or bad to the initial investors. His investment acumen was good, but not that good.
"kryptonitecomics Posts: 9,325 ✭
April 9, 2014 3:18AM
Thanks all...a lot of hard work for sure but getting to deal with 99% of coin buyers is a real pleasure.....I don't let the few bad apples spoil the experience for me.
Hopefully I will still be around when the 20,000 positive announcement is made
@logger7 said:
All he would have to do would be to lay all his cards on the table with evidence, asking for mercy and promising to pay back to the best of his ability. When debtors go silent it just fosters anger and fury and deservedly so.
It was his cards and comics that got him in trouble
@logger7 said:
All he would have to do would be to lay all his cards on the table with evidence, asking for mercy and promising to pay back to the best of his ability. When debtors go silent it just fosters anger and fury and deservedly so.
It was his cards and comics that got him in trouble
Umm actually not paying his consignors is what got him in trouble. He could have sold peanuts for all I care, if something sold take your commission and send the rest to the persons you sold goods for, comics and cards didn't get him in trouble.
@FadeToBlack said:
As I understand it, he was basically selling coins for nothing because he misunderstood the terms of the Paypal loan he took wherein paypal was paying itself back with 10% of his cash flow... the same 10% that was once his paycheck. Brutal mistake that sunk him.
I'm sorry, but I don't believe that story at all. From the reports here, it looks like he may owe more than $10k, and there is no way that he was doing 6 figures a year on eBay. Moreover, since the loan would be against the proceeds of his sales through his company, he could have formed a new company with a new account to maintain business. The new company would not be liable for the debts of his existing LLC. He could then deal with PayPal if he made a personal guarantee and if not, he could have thrown his old LLC into bankruptcy until it lapsed.
You're assuming he would be cognizant of what he could do and not feel in over his head with no idea on how to do what you just mentioned.
I can honestly tell you that very few people in the real world, that haven't worked in law/business would even think the way you just did above. And, while he has/had his own business, the level of that business and the type of that business isn't something I would put into the realms of actually understanding "business"
Comments
He should have been smart like SAC Capital, I guess insider trading isn't so dangerous after all, and angry investors aren't screaming for your hide....
Classic pyramid, Madoff was paying 12% per annum during good markets or bad to the initial investors. His investment acumen was good, but not that good.
https://forums.collectors.com/discussion/915059/shout-out-to-kryptonite-comics-shane-canup
In 2014 the gospel was sung.
"kryptonitecomics Posts: 9,325 ✭
April 9, 2014 3:18AM
Thanks all...a lot of hard work for sure but getting to deal with 99% of coin buyers is a real pleasure.....I don't let the few bad apples spoil the experience for me.
Hopefully I will still be around when the 20,000 positive announcement is made
Guess not.
It was his cards and comics that got him in trouble
Umm actually not paying his consignors is what got him in trouble. He could have sold peanuts for all I care, if something sold take your commission and send the rest to the persons you sold goods for, comics and cards didn't get him in trouble.
GREAT example
No, not unless he made full restitution. Frankly I think that scumbag should have gotten the death penalty.
However some people do change, I have seen many examples from a criminal past to honest workers giving back.
That's what "Amazing Grace" is about.
I'm sorry, but I don't believe that story at all. From the reports here, it looks like he may owe more than $10k, and there is no way that he was doing 6 figures a year on eBay. Moreover, since the loan would be against the proceeds of his sales through his company, he could have formed a new company with a new account to maintain business. The new company would not be liable for the debts of his existing LLC. He could then deal with PayPal if he made a personal guarantee and if not, he could have thrown his old LLC into bankruptcy until it lapsed.
You're assuming he would be cognizant of what he could do and not feel in over his head with no idea on how to do what you just mentioned.
I can honestly tell you that very few people in the real world, that haven't worked in law/business would even think the way you just did above. And, while he has/had his own business, the level of that business and the type of that business isn't something I would put into the realms of actually understanding "business"
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment