Quote from: JoelKatz on October 04, 2012, 11:05:54 AM

Quote from: Chang Hum on October 04, 2012, 10:52:10 AM

I've trolled this thread a bit, I must say looking at the way the deposit lists going down I'm starting to think maybe crazy money loosing business but not a scam?

It can be very hard to tell the difference. It depends how much of the payback deficit is caused by genuine investment and operating losses. His investors had substantially the same information he did, so it's not unreasonable for them to bear the losses. That is, after all, the purpose of investors. (And I think we all understand that the line between a loan and an investment is thoroughly blurred at interest rates this high. It was clear he was loaning the funds out and clear that there's always a risk of bad loans.)

Joel,

It seems to me the refusal to answer the question "when will everyone be paid back in full" is directly related to "I'm still paying you guys interest"

he is adding debt on top of debt he cannot pay any time soon, if ever.