Timeline for Dissuading my girlfriend from a scam
Current License: CC BY-SA 4.0
11 events
| when toggle format | what | by | license | comment | |
|---|---|---|---|---|---|
| Sep 5, 2019 at 13:59 | comment | added | Luaan | @Grade'Eh'Bacon Well, I'm talking about how to convince the people involved to stop this madness, not about what you should do :P | |
| Sep 5, 2019 at 12:48 | comment | added | Grade 'Eh' Bacon | @Luaan No, the simple fix is to not invest anything - you are not going to outsmart the people scamming you, so don't try! | |
| Sep 5, 2019 at 12:48 | comment | added | Grade 'Eh' Bacon | @Joshua There is 0 chance this is a real return [call it a ponzi or whatever, but don't pretend it might be real]. | |
| Sep 5, 2019 at 9:25 | comment | added | alephzero | "Showing them the cash makes it seem real" - if they have 100 "investors" in this scheme, they only need enough cash to show to one investor at a time. And if they show somebody $1m in cash, is that person actually going to spend the time to check it is all real notes and not counterfeit -especially if they are only going to "reinvest" it anyway! | |
| Sep 5, 2019 at 7:18 | comment | added | Luaan | @Joshua Well, the simple fix for that is not to invest everything back. Take out as much as you would get from a reasonable investment. Of course, this doesn't help you if you're given counterfeit money or some such. Or if two gorillas come to you and break your legs. Which is likely the case, because even in a money laundering scheme or similar illegal activity, 50% per month would be way too much to be worth it. | |
| Sep 5, 2019 at 3:19 | comment | added | Joshua | A gain of 50% per month with a life expectancy of 6 months is easy to profit from. The problem is if it's a Ponzi scheme it will probably get rolled back and your gains taken from you. | |
| Sep 5, 2019 at 2:20 | comment | added | Daniel R. Collins | Guessing that @Grade'Eh'Bacon has a spreadsheet with month entries 1 to 12, and 1 to 36. Taking "in" to mean within one or three calendar years it makes sense. | |
| Sep 4, 2019 at 22:29 | comment | added | ErikE |
@Grade'Eh'Bacon Also for 3 years I get 2.1 billion dollars 1000*(1.5^(12*3)) Did you do 1.5^35 instead of 2.5^36? No big deal, though.
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| Sep 4, 2019 at 22:01 | comment | added | Acccumulation | @Grade'Eh'Bacon Google calculator says 1000*1.5^12=129,746. Are you doing 1.5^11? | |
| Sep 4, 2019 at 14:53 | comment | added | Grade 'Eh' Bacon | I would add the math in explicitly: If you gain 50% each month, then in 1 year you can turn $1,000 into $86,000 [show them how this math of compounding works], and in 3 years you would have 1.5 BILLION dollars. If someone has a way to earn that type of money, then why do they need yours??? | |
| Sep 4, 2019 at 13:44 | history | answered | mhoran_psprep | CC BY-SA 4.0 |