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Sunday, March 23, 2014

DBSI and What You Might Find Interesting

DBSI is nothing short of Idaho's version of a Madoff Ponzi Scheme.  It has robbed investors in Idaho and around the world of money.  The end game was to declare bankruptcy leaving investors holding the bag.  They sold unregistered securities with returns that were not realistic nor were they sustainable.  Yet people sunk their life's earnings in this Idaho fraud company. 

Here's a link to KTVB and their investigation into DBSI:

http://www.ktvb.com/home/related/DBSI-under-investigation-for-fraudulent-real-estate-investments-202413131.html

Posted by Paul Alldredge at 11:46 AM

2 comments:

  1. BobSunday, March 23, 2014 3:17:00 PM

    This scam like most relied on one very important ingredient and that is peoples greed or expectation that they were going to outsmart the market and make the big kill.If someone offers an investment that promises unrealistic returns there is usually a reason. Ponzi schemes have continued to work since Ponzi ran them in Paris in the early 1800s. There is no reason to create new scams because the old ones are still working.

    ReplyDelete
  2. AnonymousSunday, March 23, 2014 9:19:00 PM

    You really do not want you holdings to be more than about 5% in any single stock or bond issue. Mutual funds and especially indexed funds do not fall under this limit. Mutual funds are already diversified and the big names are not in the business to screw customers.
    DBSI was a terrible way to lose your life's savings. PT Barnum said there's a sucker born every minute.

    ReplyDelete

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