Re: refco $10 billion

Blash, what is your interest in this? I notice you keep posting
uneducated dismissive comments, such as "don't believe what you read on
the internet" and "if you give an answer like that, you will get an F".

Do you work for a hedge fund?

Sorry, bud, I read financial statements for a living and that line item
is pretty clear. They sold a minimum of $10 billion worth of shares to
investors, including investors in this thread, then DIDN"T SEND THE
BUYERS THEIR SHARES. They took the cash from the buyers, but didn't
send the buyers anything.

This is factual and you can contact the bankruptcy agent to verify.

Their scam was to kite the system the way some people kite checks and
only deliver if the stock went down. Presumably, if it went up, they'd
sell more fake shares to force it down. This blatant manipulation
likely cost everyone that is reading this money. How much of your
losses in the stock market in the last ten years went to these crooks?

Jerry, the reason it is non US is it is illegal for an American to sell
shares without delivering them. The thieves use international clearing
rules as a loophole to rip off Americans.

The belief is the $10 billion line item actually represents $500
billion in fraudulent sales which equals $1500 for every man, woman and
child in the USA.

.

Relevant Pages

  • Re: Question about Presidents Social Security plan
    ... And if you own enough shares, ... But I can live in my house in the mean time. ... It requires an increasing supply of suckers, not buyers. ... By reminiscent of Ponzi I mean ...
    (sci.econ)
  • Re: .NET 2.0 apps think theyre being run from the Internet, but theyre being run from the intranet..
    ... shares were auto-mapped so that it was done using the full domain ... And the stupid default rule Internet Explorer has for identifying "local" ... then all of the problems and warnings ... Are you using a drive letter or UNC path? ...
    (microsoft.public.dotnet.languages.csharp)
  • Re: customs charges *after* delivery
    ... from the comfort of their own home, via the internet. ...  Should the seller prominently list all ... out the very information which you think buyers are born with as ... No representation is not misrepresentation. ...
    (uk.legal)
  • Re: Sell and ship outside the United States?
    ... overseas buyer or an item that is not in demand by US buyers. ... Read the eBay Forum on international sales. ... Start a new selling account to sell international. ... client or Internet Service Provider. ...
    (alt.marketing.online.ebay)
  • RE: Utility needed to scan for shares and permissions.
    ... There are programs on the Internet that will do this for you. ... information as it violates security principles. ... Utility needed to scan for shares and permissions. ... Microsoft CDO for Windows 2000 ...
    (microsoft.public.win2000.networking)