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what about personal responsibility???
ok... he ripped people off. YES. i undestand.
HOWEVER, who are the "victims" exactly?
for example, if you gave your money to a broker and trusted he was doing the right thing... and you had no knowledge where money was being invested etc... you might be a "victim"
but what about all the people and experienced investors WHO KNEW earning 20-30-40-50% wasn't even close to being realistic but really didn't care because they just wanted to make the returns? they never asked questions. they never wanted to know anything about it other than how big the dividend checks were on the statements.
i think this guy obviously deserves to be in jail... but i also think that this is a situation where suddenly everyone is "a victim" but the reality is that a large percentage of the people giving him millions of dollars are just as guilty as he is. i mean if someone comes to me and asks me to invest 5,000,000.00 in some sort of fund that promises 50% returns... i know full well that some hard questions need to be asked and as an investor, know that its really not feasible or realistic. so if know all this... invest 5,000,000.00 and make 30-40-50% returns for 4-5 years.. am i a "victim"? i would say that i was also a scammer.
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