30 million fraud is a lot...fo you think 40 is excessive?
DALLAS DJ and WIFE BOTH GET 40 PIECE FOR PYRAMID SCHEME DURING COVID
- Thread starter RUDY RAYYY MO
- Start date
That's excessive for a white collar crime
Joe Lewis 3 years of probation (No jail time)
Benjamin Delo 30 months of probation
Arthur Hayes 6 months of home confinement + 2 years of probation
Samuel Reed 18 months of probation
Changpeng Zhao 4 months in prison
Joe Lewis 3 years of probation (No jail time)
Benjamin Delo 30 months of probation
Arthur Hayes 6 months of home confinement + 2 years of probation
Samuel Reed 18 months of probation
Changpeng Zhao 4 months in prison
They were rich rich
Was that 6 yrs of fun worth 40 yrs of captivity
Once they added that it defrauded 10000 people during covid?
It was wrap
People STILL suffering from that
It should be t.tump getting these numbers.
But what they did is foul as f**k
Play stupid games gey stupid prizes.
It was wrap
People STILL suffering from that
It should be t.tump getting these numbers.
But what they did is foul as f**k
Play stupid games gey stupid prizes.
Don’t do the crime if you don’t want the time
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Damn! Been following this case since they appeared on American Greed. I knew they would get convicted but 40 years?!?
Price tag was 30 million and we don’t know how severe the impact was of the folks who were defrauded
People really thought they were gonna get away with that covid scam and PPP loan are now in jail with regrets.
Covid brought a lot of people who were desperate to steal money being scammers like they weren't gonna get caught.
It's even worse for them being black which the judge would always look to give them football numbers.
Covid brought a lot of people who were desperate to steal money being scammers like they weren't gonna get caught.
It's even worse for them being black which the judge would always look to give them football numbers.
trump is for sale, if they got a million or 2 hidden. They can get out of it with a pardon
Yep. They go full Maga drop the milly in crypto they'll do six months.
Truth
I couldn't believe people were falling for these scams, I'm almost positive that I remember it going on BGOL too, I was saying from start this shit made no sense. Woman in the video talking about she gave up $6000 hoping it was going to double but she didn't look at it like it was a gamble, bullshit .. lol
My child's Mother tried to put me on i was like nope ...she lost about 100. Then not too long ago my Mother in Law tried to put me and the wife I told her it sounds like a pyramid scam. She didn't listen thoughI couldn't believe people were falling for these scams, I'm almost positive that I remember it going on BGOL too, I was saying from start this shit made no sense. Woman in the video talking about she gave up $6000 hoping it was going to double but she didn't look at it like it was a gamble, bullshit .. lol
Key Details of the Scheme:
The Pitch: The Moores used live-stream broadcasts and a past reality television appearance to build credibility. They falsely promised participants an 800% return on a $1,400 investment and guaranteed refunds.
The Structure: The operation used "playing boards" with ranks named Fire, Wind, Earth, and Water. New recruits in the Fire positions were required to pay the Water participant, forcing a constant stream of new members to keep the mathematically unsustainable pyramid afloat.
The Fraud: The couple placed themselves and their family members in the top "Water" positions on the boards to siphon millions of dollars for personal gain while most victims lost their money.
This shit was built on the Multi Level Marketing "MLM", you give the top people money to get in and then you have to recruit members so you can get a piece of their money and then they have to do the same, the thing is the people at the TOP are always getting a piece of everybody's money while everyone below is scrambling trying to get people to join so they can get some of their money back but if I remember in this scam they were trying to tell people to wait their turn, one group gets paid, then the next group gets their turn to get paid and so on but it didn't work like that in reality
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