The $400 Million Ponzi Scheme That Suckered San Diego
ฝัง
- เผยแพร่เมื่อ 10 เม.ย. 2022
- Gina Champion-Cain was a pillar of the San Diego business community. She also happened to be running one of the largest Ponzi schemes of all time.
#Money #Storylines #BloombergQuicktake
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I was a waiter and she talked down to me like I was trash. Wish I knew she was a theif that whole time.
Not suprising.... This level of con is sociopathic
Some people take advantage of the VERY weak business laws in California (Liquor/Business) to pull these types of scams off...The rest is just having a charismatic personality that SADLY most people are socialized to fall for.
What exactly did she say to you, liar?
@@heartmind6373 Nice way to end a sentence , COWARD.
No one should talk down to you or treat you like trash. I was a waitress for many years, so I know what you mean. With those kind of people, I would just give brisk, curt service. Ya... too bad you didn't know, it would've been nice to treat her in kind.
“I’m a strong member of this community” she’s talking about her role in a prison like she’s at an investor’s luncheon or a Rotary Club meeting! Once a con, always a con! Lol
RIGHT?! She's conning those prisoners too!
Compared to other scammers, I feel she tried to make the money in her restaurants, but failed.
@@bicgohill8756 she sold “promissory notes” to investors just like every Ponzi scheme before her! She used the money to better her life and her investments. She may not have bought jewelry and gone on expensive vacations but she still pocketed the money.
It's also they way she said it. All brash and confident We'll I guess she's a survivor
@@wittyjames She’s a grifter. They never appear weak, not publicly anyway.
Just remember everyone, if you steal peoples money. Just make sure they're poor 🙄
Ah yes the motto of major corporations
I’m poor. How come? Can’t pay for due diligence or no money to bring them to court?
@@james.a.h. Combination of both, plus the fact that a poor man's problems are less likely to be heard. One might be able to take advantage of a thousand poor people, but mess with one established person's retirement or investment and you are more likely to be persecuted. This isn't unique to the US or even the Western World, it's just life.
Hoping you can find a way to rise above your current situation, brother. Take care!
@@MYNAMEISKLAY --- True enough now.
America has a rising population of citizens who know we are being conned by our government..... there's always a tipping point.
Forgetting the French Revolution is dangerous: a citizenry that finally had enough, and the results weren't pretty.
The criminals are a small minority; at some point even their private Security people turn on them, and it all comes crashing down.
Unless you're a war profiteer. Someone had to pay for the 377,000 bombs that Bush and Obama dropped on impoverished people around the world..
15 years is a slap on the wrist for a 400 million dollar fraud.
Yup. That's a decent vacation
That may be so - however you fail to grasp that there are statutory limits on
to duration of imprisonment fro a variety of criminal offenses - also taken
into account is the injury caused.
Clearly you do not understand Law === You are operating from an emotional standpoint.
That is NOT how the law works.
Take a drink of water
@@andrew_koala2974Just because I am not fluent in criminal law, doesn't mean I can't express my opinion. Sorry I'm not in the business of defrauding people.
@@andrew_koala2974 "Clearly you do not understand Law" when did he/she say this sentence was against guidelines? Not all crimes are treated fairly by the courts and someone can't point that out?
For a woman it's not. They're more above the law.
These type of scams always rely on one thing: the greed of the people being scammed clouding their judgement.
Facts facts!!!!!@
Is all business greed?
Wanting to make money isn't greed. What a dumb statement. Do you despise making money? Or do you like to a return on your investments? If the latter is true, according to your logic you're greedy.
@@DeathStarLuke yes it is, its the very definition lol
@@Khanfuzed1 yes
“huge personality.. very magnetic.. very outgoing” ..none of this has to do with character or integrity or ethics
Go back to Kenia.
unfortunately, that's all you need these days to be a Big Player in finance.
These 'larger than life' characters always have something to hide. It's a classic distraction technique.
Unfortunately, People judge you based on that. As an introvert, people have judged me as a bad person before knowing me even though I struggle to even tell a lie.
@@joyandpeacefullaughter5307 I hear you. Today, people seem to value the loudest and most "social" or "funny" person, but oftentimes, this is just a superficial show, hiding insecurities and lack of true, solid, character inside. Continue being who you are solidly and truthfully--open up as you feel comfortable to those you observe to have a conscience and true integrity. They can benefit by knowing someone like you. Best to you!
This happened to my mom. She ended up getting scammed out of her money by some fraud investment guy. Since she wrote down when they met and how much money he gave her back in payments, only because she insisted, he was prosecuted because of her testimony in court.
@@stevenanthony9387 Instead of using the word greed! I have 1000 ruppes in American it is 10 dollar. I invested in an app and now I get 10.4 dollar. So is it my greed?
I'm just above below poverty line in India. using the word greed for everything is bad. we are just surviving. I dont want to die without food.
Your mother was a SAP. STOP bragging!!!
so is your mom single now? and does she still have money left?
@@jonnym4670😂😂😂😂
I wss told by a con man only greedy people can be conned
So happy she’s well taken care of in jail…but the story that is missing here is the hundreds of employees that worked in the corporate office (like myself) that were told lies, “business as usual”, and that “there’s nothing to worry about” as they were getting their computers stripped for investigation and laid off one by one without receiving final paychecks or PTO payouts. I’ll continue to be on the lookout for my deserved earnings and maybe a simple apology.
That is evil at work. Sorry for your loss. The is evil wrapped in a female. Con man 🤮🤮🤮
Welcome to the Penal colony of the United States...Two types of people Criminals and marks...
File a claim with your local labor commission to collect your earnings.
@@BB-mq9qk especially in California. They have a fund to pay employee wages I'f they determine you are owed wages. The state will pay you so you can move on while they try to collect.
@@hewhohasnoidentity4377 that is correct! I can speak from personal experience a company I use to work for out of Chula Vista CA went into liquidation back in 2018 over 60+ employees were never paid there last weeks of earnings I filed a claim and barely received a letter this March from the labor commission stating that they have collected my earned wages from that employer I never had to go to any hearings or such I even forgot that I filed a claim until the notice arrived anyways now I’m just waiting for the check which takes 12 to 14 weeks from the time you received that letter.
"Gina is thought to be the most prolific female ponzi schemer in history."
You go girlboss, show em it's not only men who can steal money from investors.
Elizabeth Holmes: Hold my beaker
@@dont.be.evil. So true! Theranos takes the cake
There shouldn't be any pride regarding this subject....
Almost choked laughing at this comment. 🤣
Don’t worry moids still wear the crown for stealing
What's crazy is that these types of people who scam are so clever because they know how to interact with people to develop trust...sounds like she missed her calling as a politician 😂😭🙈
Sociopaths. The biggest fraudsters in society are the most likeable.
She’s a sociopath.
She can still run as a Democrat in CA. It can't be worse than what is now. One thing on her resume. She is successful at ponzies.
underrated comment :D
VERY CORRECT
Did she say that she's a strong member of the prison community and is teaching classes. Teaching classes on what?.... how to scam people and be a better thief and robber!!!!
@alifer canimper 1 percent are people that make 300k a year alot of them from jobs they are qualified to do so slow your role puddin. I think the people u are referring to are in the top 0.2 percent.
She's probably lying about that like she did about everything else.
Prison is a wealth of experienced people of how to not do wrong! They learned what doesn’t work! What is easily caught!
She is not r*tarted. She actually was successful before her scam. There is a lot she can teach with her life experience.
@@juanbillion4273 ...... She can teach how not to get caught next time.
Being a "strong member of this (prison) community" is a rather dubious distinction.
Imagine bragging about how much clout you have in a prison
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@@hiimjustin8826 😂😂
Her schtick is still pr. Hopefully she will acquire some insight whilst incarcerated...
Early parole campaign
She's so heartless and delusional she actually said "I believed I was going to take the company public and pay all of these people back"... and then what Gina? What was the company going to do then? Refund all the old investors, publicly announce it's a ponzi scheme, and tank the stock? GTFOH
Going public with a Ponzi scheme. LOL, that's just another one of her lies.
no, you just dump the stock on retail investors, stock goes down, too bad, problem solved.
@@g6ter1 that's exactly what I said, but no the problem isn't "solved". Robbing Peter to pay Paul doesn't solve anything. There's also the possibility that if her company successfully went public the scope and severity of the fraud would have metastasized, like when Madoff got access to feeder funds or companies almost crashed the global economy with all of the fraud involved in the housing disaster.
I wonder how many times this actually worked, where the Ponzi scheme paid off and everyone got their money back.
Narcissists are delusional because they believe their own lies.
If people want to borrow money from you, send them to a bank. If banks won't lend those types money, something's wrong.
Everyone goes to banks to borrow, these were investors, its completely different
The BANKS are the biggest thieves from the American people yet here they are championing to go to them.
When did y'all become THAT financially illiterate?
Also there are tons of situations that you can’t get money from a bank that is a win-win for lender-borrowers
You obviously don't know how the system works.
you dont have a clue what you are talking about. banks rarely do business loans ! maybe you should educate yourself about the topic at hand. Most business loans comes from venture debt, mez funds, credit union, and companies that would have the structure of what she was claiming to do and those company funds come from private investors and pension funds. so again, you dont know what you are talking about
A 15% monthly retunr-that's insane-a huge red flag! Even annually that's very high.
Yeah, even Madoff only offered 8%......
What about 10%
I believe it was 15% every 6 months, not monthly.
Business profits are 5% on average if you’re lucky.
Etfs like TSLY offer 50% . Makes me skeptical
It's IMPOSSIBLE to guarantee returns of certain amounts of money. That's it. There shouldn't be any doubt once you hear that that you're dealing with a scam.
One thing I see as I get older. The scams are still the same but every generation, there is a new person like this one who has so much charisma that they will scam you to believing them. Be wise everyone, there is always a scam out there as there is always a victim who will fall for it. Why? Greed! If you think you found an easy way to make money, you will fall for it.
Are you saying they are “charmed”?
Three things come to mind: legitimate investments are scarce;
scam artists keep their scam going for DECADES before they are exposed; and Latinos swarm any high-budget project for 50% of the cash.
Hammer on the nails head.
Cain is the very visible tip of the iceberg. She would not have been able to do what she did had the people at Chicago Title done their jobs in a way they were supposed to.
Putting Cain and her story front and center is much sexier than reading prepared statements from CT's corporate legal team. But claiming, as the charging document says, they were "mislead" is letting them off the hook way too easily. They had a duty of care and a fiduciary duty that is at the very heart of the service that they purport to provide that they completely failed to meet.
None of that exonerates Cain, of course. But as far as making these investors whole is concerned, CT had better do the right thing and pay up. And after that, put in place better controls and safeguards on their own employees.
jd rancho --- since the contracts with CT were forged, and no money went in not Escrow, how is CT responsible? Not challenging you, just asking.
Thank you.
@@OceanSwimmer Not in a criminal way, but as a civil matter when it comes to returning the money to the investors.
CT is the one with the deep pockets here. It might be argued in court that CT failed to properly supervise their employees and failed to put checks and balances in place to catch irregularities, especially since this had been going on over a period of time and more then once.
Keep in mind that if CT is found liable for losses, it will be covered by their insurance, in all likelihood.
I've never seen opening arguments for pending civil litigation brought forward in the TH-cam comments, but I like it. More of this please.
@@jdrancho1864 -- Thank you : )
She lied to the ladies at Chicago after they bonded over her house of blues lawsuit. It was wrong of CT but she worked their puppet stings
The emotional rollercoaster she went through at 16:21 threw me off lol
Yeha that was fking weird as hey
I didn't know crying cancels Kardashian voice very interesting
that poor lady, but tbh, if it wasn't Gina someone would else have taken her money.
100% - that went from a laugh to a cry in a millisecond
@@daz3585 That was fake....she wiped her eye instantly as if tears were produced in half a second after her emotion turned...
"every company I looked at, I was like, how do you get your money, how do you operate this business" great questions to ask!
My dad got sent on one of those fact finding missions when he was working as an accountant for a company in San Diego that was considering doing business with some operator like the scammer in this story. He recognized immediately that there was a problem. A few months later the feds raided the whole operation.
A lot of people who fell victim to scammers talk like that and I also look at it a little askance. To me, they don’t have “trust issues” now, they were naive before and now know better. That’s what it means to have experience.
Right!? Followed by, "Walk me through the (1) the income statement, (2) the balance sheet, and (3) the cash flow statement."
08:25 'Gina's assistant has an assistant' is a subplot straight out of Brooklyn 99....
Gina's assistants assistant has two assistants.
This is the EXACT reason Argentina has such misery... "Phantom Employees" corruption at ALL levels
Those "Phantom Employees" collect paychecks that are diverted to the ruling party.
Steals half a billion, gets 15 in a cushy federal prison. Yeah, "justice" was served.
Be surprised that white collar crime is even prosecuted considering the volume that happens in Washington.
Crazy eyes, they always have crazy eyes.
True! I saw it too!
I think people are drawn to the intensity.
They see it as drive determination and passion 😢
Any dude who’s tried to date a chick with those eyes will recognize them instantly. Like 2 white stripes on a big black cat or a fin sticking out of the water coming towards you. The urban Darwinist fights the urge to panic and run.
Scary to hear that she's mentoring people 😳
She seems to be enjoying prison, probably thinking of the money she put away for retirement in the caymans
she would be around 70 yrs old by the time she can get out, doubt money has much use at that age. Unless oc, she saving them for her children.
Right. These people should get life. She surely hidden millions to enjoy as soon as she get released. And i doubt she'll serve 15 years.Probably half.
70 is retirement age so sure money will be great then.
@@hoangle2483Dude - stay healthy and you'll have a great time in your 70s
@@FT-jh2pu No doubt about it . We'll never know how much she was able to squirrel away offshore.
No compassion for a thief, no matter what she says.
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Smiling, charisma, and T N A goes a long ways. Beware of smiling faces!
I think NFT investment concept is similar to this case
You are a scammer
The immense greed of some humans will never cease to amaze me.
The "success" that she was so ruthlessly seeking is as big a mirage as her business empire.
Nothing like being a member of a strong community within prison. Talk about reaching your potential.
She'll run for office when she's out, and probably win😵💫😳 in Cali oh yea
@@oliviaortiz5157 Trump would endorse this fine individual.
I think that the biggest discussion should be about the CA Liqueur licensing problem. It feels like the whole taxi medallion thing all over again.
I think part of it is that it gets bid up and it's encouraged by other businesses to prevent a lot of competition by other alcohol serving restaurants.
@@Taospark Sounds like a racket. I can get a license that lets me ship directly to my house antique firearms such as 300+ year old muskets that use the burning rope.
The San Diego magazine cover predicted it all in the first place. Gina was standing just before the "Go to jail" section of the monopoly board. And now, she is in jail. 4:35
You've obviously never played Monopoly or spent time at a photography studio for a magazine... or you're blind.
Promising 15% return on investment ?. Yeahhh, nothing fishy there 😳.
I feel bad for the individuals who trusted her but not these institutional investors. Institutions have plenty of resources to perform due diligence before they invest millions, sounds like most of them didn’t do this so oops.
That's what I don't get. It's the negligence and stupidity. It's like the whole scandal with Theranos. They're just going off of "trust". Like in what world is that ok when so much money is at stake?
They would have been called sexist
This Budd Fisher was probably getting some on the side. She could not do it with out bringing something to the game.
Can Cost kinda a lot especially if all leveraged on loans $ for consults checks I guess....lot less than losing out big though.via courts ..she bought her own story a little too much . Interesting case.
always doubt a 'businesswoman'
It’s rare for a Title Company to get scammed, but if you have an Escrow Officer whom is comprised, man can they do some damage!
If she stole 400M and only got 15 years, Elizabeth Holmes will probably only get 5, 10 max!
Very few of Holmes' investors went after her with lawsuits. They knew if they did they wouldn't get another opportunity to invest in startups in Silicon Valley. This was a classic retail Ponzi scheme.
@@davidjma7226 Pure FOMO if you ask me. She had high govt. contacts which made her seem more legit to investors who wanted to get in early
Because she’s white and rich.
Darn! She was just about to take those companies public before she got popped. Everyone was gonna get their money back 😂. Now she’s got a captive audience of future con artists to train
From what I understand about escrow, Chicago title is legally obligated to pay them all back their original investments...
To take a company public there useally is financial disclosure. Not exactly what a ponzi scheme wants. That being said there are a bunch of fraudulent companies that went public.
🤣
Getting jailed is not enough for such ppl. Their sentence must include community service and working in govt offices without salary.
MOST of them DO...The "problem" with indentured servants, is that the gov't is responsible for their room/board...Pretty much what most people do in jail; They work for 25 cents/hour for the benefit of your local politician, that takes kick backs from mega prison corporations. You, and me pay for their housing...
@@Norcat10 "Indentured servitude"; Which, we basically already have at prisons all over the country...Most prisons make you WORK for a reduced sentence...Like 1 month off your original sentence for every year of labor inside the prison...
A few years down a coal mine would be most apt for people like her.
That’s freedom in America....one can learned how scheme and eventually get thrown in a country club, 3 meals a day, roof over your head and medical care if needed! No bills, no responsibilities, no cares, get in shape and get educated how to beat the system!
She's saving her story for the Netflix special.
You never trust anyone with money, even your family.
Especially family
Especially family and those who pretend to be family. Emphasis on former.
Especially your family- they make you feel bad like you owe it them or something because you are family .
The way she went from happy to crying was jarring.
Promissory notes to retail investors with 15% return is a red no no flag, but this seems to happen a lot, usually to close knit groups like church,friends or ethnic groups where the trust level is higher. Group think takes over. Guess that woman's 20k is gone but it could have been worse if she kept tossing in more cash, or worse, borrowed more money to put into this mess.
I always wonder about the many "churches " which rented movie theater. Commercial buildings, with 3 hours "service " involving food, other activities.
I'm old fashioned. A churches needs to be a church like building, 1 hour service. Say peace and go home
@@worldcitizeng6507 yes you should always look at those things critically. Low blood sugar and cognitive fatigue are better conditions for milking people. The types of churches or organizations that are interested in this sort of stuff know this.
hey that waa 15% every six months!! Really 30%! Doesn't every successul business want to pay 30% for their money?
A real estate agent that's a thief ... what a shock!
Hahha
@@esureforyou6877 why?
Did anybody put a gun to your head to list or buy?
Thank you for this video--I had been waiting to see a video covering this story more in depth!
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It’s funny because the first thing I was wondering is how much demand could there be for liquor license escrows? I don’t know about California but where I’m from, there are a finite number of active licenses. And what about due diligence on prospective borrowers? Wouldn’t a hedge fund want to know their scoring model? 🙄
More to the point HOW was she able to raid the escrow accounts. That's literally WHY escrow exists; To prevent one party from attempting to defraud the other...?
@@brentfarvors192 My understanding is that none of the funds actually went into escrow. (ie it was just a fiction.)
Thank you for posting this case.
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Chicago Title should go the same way Anderson Consulting did during Enron. They’re complicit.
I'm still confused on how Chicago Title, fits into all of this...The whole reasoning behind escrow is that the $ can't legally be touched, NOR, can the title company go "bankrupt"...? They are essentially a "bonded" holder, which promises the escrow will be paid, no matter what. In other words, they have to legally SHOW they are solvent in any escrow they insure...From what I know about the law, there is no way to defraud escrow...
They said it in the video, she likely had people inside the company. Chicago title (according to the news) has been settling lawsuits by investors regarding this, so I think there is likely something there.
I don't wanna associate people with being liars... "well how do you get your money how do you operate this business?" that lady finally figured out how much incredulity you need around people with money to find out who the sharks are and who the people that actually provide value are.
Some incredulity should be thrown her way too: she’s definitely a victim of the scam but she’s not _merely_ a victim. Yes, she was lied to, but she wanted to believe the lies. I mean, you apply for a job and the person hiring you asks YOU for money. You kind of deserve to be cheated if you fall for that. I said “kind of”, cause scamming is scamming... but it does make me feel a lot less sorry for her. She’d be blabbering about her astute investments had this gone right...
They should da an article about Rishi Sunak the British Politician and Finance Minister who owns Property in America and his Tax avoidance.
Tax avoidance is legal
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Rishi sunaks is son in law of one of the richest tech Indian, no wonder he has so much wealth.
That transition at 16:25
I didn't know crying turns off the Kardashian voice
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Hard to believe how so many adorable little children grow up to be scheming, conniving adult devils.
Truth is still stranger than fiction!
Parents were narcissists also.
In their "defense"; Children can be scheming, conniving little devils, too! Just ask my sister.../S
@@brentfarvors192, hahahaa!
I have an older brother who was like that as a child.
No remorse in her voice. She has an inflated sense of confidence (hence, con man) and will return to the same type of activity once released.
Nope. She will come still a millionaire. Still rich and retired.
The lady who was crying crocodile tears at the end was in on it.
100%
Californians...
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How do you know that? What’s her name?
Add this horrible person to the list of criminals in San Diego. Shameful. Taxpayers have to pay our honestly earned dollars for the trials for these crooks.
Her smile looks so creepy
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Yeah...why let Chicago Title off the hook so easily...?
Every “ investment firm” is a scam! But people keep giving them moneys 🤦♂️ they all work the same way
Classic slime ball business model. The "right" person could replicate this again tomorrow. What nobody likes to hear is that these people only get traction because of the uncritical greed of those they pitch to as investors or employees.
Due diligence check worth every penny.
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She is a "strong member" of her community in prison....i think she found her home...
Thanks
If the yield is higher than normal, there may be a catch. Financial literacy some might lack...
...and when I hear "hedge fund," a warning bell goes off immediately.
I get the feeling she is leveraging the Raman noodle market in prison
lol
There are thousands more just like her LURKING in the shadows waiting for more victims.😈😈😈😈😈😈😈
She just can't stop..even in prison😂😂😂
Excellent report by Bloomberg! Several thoughts
1. How negligent or should I say incompetent were these private equity and institutional firms to simply invest millions without first performing in-depth due diligence.
2. Any investment promising a yearly return of over 10% per year, not per month, needs to be highly scrutinized.
3. Chicago Title has deep pockets. If the injured parties can sufficiently prove their connection to this fraud they could be made whole on their losses.
Ask the above name on ig for help if you been a victim
Anyone promises more than 6% returns, run away.
But trust the Ponzi scheme that is Social Security.
Probably has $40M of that $400M socked away in the Caymans.
But she's in prison for a long time...does she have kids or relatives?
@@raylopez99she’ll be out within the next 5 years
15 years in minimum security prison in Northern California, sounds like a dream vacation most of us suckers who live paycheck to paycheck can only dream about. When you steal $400 million, you will get out in 3 to 5 and write a book and a Netflix documentary for lots of money.
Question I have is Why is Ocean Beach so Gross?! Somebody needs to clean that place up!
I was talking about her this weekend with a friend.
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With all that money, you'd imagine she would make herself look better
Greed can't succeed without greedy people.🧐
It’s crazy to me how one extremely charismatic person can have so many people living in complete delusion
Gatekeep, Gaslight, Girlboss
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PURE EVIL devoid of any conscience! 😫😝🤮
Welcome to San Diego. This is the entire community here. There is much worse.
Very Insightful
Real-estate is a very tricky thing. It can create short term wealth. But the numbers don’t work out in the long run.
Difference between her and Kim Peterson is that she forgot to get the judges on her side
Bribes do pay well, don't they?
That break at 16:25 is so heartbreaking. She was really holding it in until then...
but also a little terrifying- all the forced positivity right 2 the point if tears. ppl are pressure cookers at this point.
You saw tears? I saw a liar lol
@@c420yr u cld be right, it def felt off.
@@c420yr how v
People that were invited into that inner circle were treated like family, many of whom spent most holidays at Ginas house for years. Most people at ANI worked regular jobs and made regular wages, people who dedicated themselves to building these little shops and restaurants. I think other then a few people no one knew what was happening, so when you found that all along you were being used. I can see that breaking people pretty easy.
"They" always have the crazy eyes!
GREED, we have an epidemic of selfish narcissists today. And these new gens are the worst. Greed is why our country is in the condition it's in.
Oh 100%!!!
A 15-year sentence? I'm guessing she'll be out in about 8 years (maybe less), showing all those teeth on the cover of SanDiego Magazine.
federal sentences are solid... no early outs
People selling marijuana get bigger sentences. I guess the volume of theft isn't linked to the volume of the prison sentence.
@@davegunall1450 up to 2months off per year, and there are plenty of early outs, especially in crowding situations, not to mention home arrest.
@@ancientbear3280 it's supposed to be, as I just did a quick google search, according to the websites, they could also be charged by the state.
“Every six months you were supposed to get a 15% return.” 😂
Very easy to laugh if you have even minimal financial awareness, but the level of financial cluelessness out there - sometimes even among educated people - is really quite astonishing.
I love these stories about greed. She was an innovator and genius and no one saw anything wrong until they lost money.
Years ago I taught my daughter Civics and Economics as a home school course. For one of her exams, I took cases similar to this one and presented their business pitches without any identifying information. Then I mixed in some legitimate business pitches, also without any individual identifying information. My daughter had to vote up or down, and tell me why. She got every one of them right. She was 16 years old at the time. In this case, I know she would have immediately wondered why an established, legitimate business was seeking to borrow money at 15% per annum from random individuals. And she would have immediately noted that these loans appeared to be unsecured. They are essentially junk bonds of the lowest tier.
Any resources you’d recommend? I’d love to teach my kids to think money smart, but I need some leads :)
People: how was she able to continue pulling this off for so long?
P.T. Barnum: There's a sucker born every minute
the word 'CON' is short for 'confidence'...you acquire confidence with someone
15 years is a lot. Usually they give these kind of criminals 18 months in club fed.
It's fascinating to see these people who do these types of things because it's really fascinating.
It really is fascinating
@@kellyrousseau3839 It is. Like Elizabeth Holmes did. If only they pulled it off successfully, they could be a blueprint for how to fake it til you make it.
Yeah. I'm also looking forward to seeing the clintons indicted for their Russia collusion hoax.
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Do you work for the Department of Redundancy Department?
When quicktake doesn't touch tech they r amazing
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Hundreds of thousands $$ for a liquor license ?? 90% of that would be going to payoff the politicians
I'm sure someones already said it, but...what a champion
She probably tucked a huge sum of money away for when she gets out. I'll bet they will cut her sentence short and parole her very early. She probably is aware that this will happen and then she can just ride off into the sunset with a nice chunk of money.
Next is Avon and Herbalife
And yet the IRS will not leave me alone for those 300 dollars I didn’t pay in taxes 10 years ago
When I saw the title, I thought it would be about the Chargers.
She's an operator.... Not a "mentor" of a community