You keep repeating "equity shares being sold" to be a ponzi. You don't know what a ponzi is obviously.
This poll doesn't make sense. Ponzies are fraudulent schemes from day 1 which makes them scams.
Jeez you just do not read any of my posts - it may be a scam, it may act like a Ponzi but it cannot be a Ponzi by the definition that the SEC and all US law and State law uses.
I am not "promoting" this program, just stating that something could be a scam without being a Ponzi scheme, which is a very specific and narrowly defined type of scam.
Sure I agree it may behave very much like a Ponzi, but this program will never be prosecuted by the SEC or the AG for being a PONZI
Maybe fraud, maybe interstate wire fraud, maybe lots of things they could be doing (nobody has real proof yet) but what they are not doing is bilking investors. They have no investors.
A lot of people tend to assume that legal cases follow the letter of the law so precisely that technicalities such as 12dp not issuing "securities" (because it's not licensed to) would swing a case.
That's not always the way it works, the reason judges exist is to interpret the law, and if in the view of a judge 12dp works to all intents and purposes like a ponzi and gives the impression to people that it is an investment, then yes the people behing 12dp could quite easily go down for running a ponzi, wether it "technically" is one or not.
It is January 25 and 12dailypro is still up and running.
12DP started in May of 2005.
Big Brother is everywhere now. Because of the Patriot Act, payment processors under investigation for laundering money, child *****graphy on the internet, you know that if the FEDS had any problem with 12dailypro or if it was a scam, it would:
a) Be under investigation.
b) Be shut down.
c) Have closed shop and run off with our money.
Our government is NOT oblivious to internet activities.
Obviously, one can clearly infer that 12dailypro is neither a scam or a Ponzi.
Okay, It's a Ponzi and SCAM. Huh, homebiz? All the other scams and Ponzi's here have never sold equity shares and there were SCAMs and they ran off with the money.
well, technically a ponzi is a scam. but it's not the sort that runs away after five minutes, hence my vote.
no that is wrong
if someone made a ponzi, with the intention of paying untill funds disappeared then its not a scam.
if someone made a ponzi, with the intention to collect as much money as possible at the peak, and steal all of it, then it is a scam.
another word for ponzi is a pyramid scheme.. and scam is a scam. however most people are greedy and thus most ponzi's are scams thus they dissapear after the creator is satisfied with the balance. usually like 20k but dont think higher than 50k, ofcourse there is always trial and error, and most people who do this for a living use trial and error and attempt to make a ponzi which will generate millions. some are successful some are not
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Last edited by platinum87 : 01-03-2006 at 09:26 PM.
Is 12dp a ponzi or scam or not?
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