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Originally Posted by biskoppen
I got mine back too (chargeback)
I read somewhere that the WOMAN behind 12daily made 90 mill. before they closed the program?!?!?!
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That's probably more likely to be the amount of cash that was sitting in the Stormpay account... you can't really "make" money from a ponzi since it's going to collapse eventually, it's just how much you decide to skim out before it all falls apart.
I don't really see the point when she's had to pay it back anyway, and may (or has?) faced fraud charges. Unless you flee the country it's going to catch up with you eventually.
The real crooks are the payment processors like Stormpay. Like a bank it is very, very unlikely that customers will all want to withdraw cash at the same time, so they can use the cash pool to lend to others... or fund their lifestyle. EMO Corp was found to be doing this, they could not reconcile the customer's online balances with actual liquid cash. Hopefully Stormpay will be investigated for the same thing.