D stands for Disappointment

It is June 30, the last day in June and members of at least two(2) Alternative Investment Clubs have been left bitterly disappointed. OLINT, and its affiliates, and MAY DAISY have sorely disappointed their members and for every day that goes by, hope fades rapidly. Only the those who seem to have connections or unbelievable faith, stand unshaken. 
OLINT Failing [...]

Investing is for gains not for losses

There is this nonsense going around about “I invest what I can afford to lose”.
Which “good” investor, invests to lose? What really is investment? Let us define this:
Investing: the act of committing, laying out money or capital in an enterprise with the expectation of profit.
Money is invested with an expectation of profit. [...]

The value of regulation and disclosure

Some folks have sought to use the failures of a number or prominent companies to downplay the importance of the financial data produced by these companies.
They have even sought to suggest that the information is meaningless and will not help you to determine if the company is failing.
I know I have never sought to suggest [...]

OLINT Failing

 June 6-26 should have seen payments of OLINT members’ requests for January and February 2008 completed. Instead of OLINT ‘investors’ jumping for joy and punching fists and high fives, they are finding themselves on the edge.  In fact, June 23, 2008,  should have seen the the beginning of payments of those who made requests in [...]

Payment Delays and Problems abound

Despite the annoucements of schedules,cycles and policy, the reality is that payment problems persists

May Daisy: There has been delays, stories of changing management and questions of who is in charge.
Olint: There have been delays already people are becoming edgy. The second batch of payments should have be completed on June 26, 2008.
TCI FX: 0% return [...]

Carlos Hill back in court?

Today is June 19, and Carlos Hill is should be back in court. Having failed to comply with the courts order or April 23, 2008 to declare his assets held in Jamaica and overseas. The order issued earlier but he was in jail. He received a new order on May 22, 2008 . If [...]

May Daisy – No comfort for investors

This is the latest correspondence from May Daisy. Once again it is not saying much. An interesting quote is the following 
We assure you, too, that persons in cycle A are being paid. Despite what some of you may think you know, this club is quite large. We have prided ourselves on privacy and confidentiality – qualities [...]

Lou Pearlman and his 20+ year Ponzi explored (pt 2.)

In Part 2 of Lou Pearlman and his 20+ year Ponzi explored, we explore who Lou Pearlman conned and more of the methods used. 
Who was conned?
During the period, even the established financial institutions were  conned. Banks conned into loaning money or providing a lines of credit to the Lou Pearlman or one of his entities included,

Bank of America
Washington Mutual 
Mercantile Bank
Integra Bank [...]