Author Topic: Scam Alert Sungames  (Read 509723 times)

Offline Dan

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Re: Scam Alert Sungames
« Reply #800 on: October 06, 2014, 11:23:00 AM »
How does a grade school rebbe even have $100K to invest?

And if he does why doesn't he speak to a real adviser instead of these folks...
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline Achas Veachas

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Re: Scam Alert Sungames
« Reply #801 on: October 06, 2014, 11:41:42 AM »
How does a grade school rebbe even have $100K to invest?

And if he does why doesn't he speak to a real adviser instead of these folks...
By maxing his credit cards?

Offline mercaz1

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Re: Scam Alert Sungames
« Reply #802 on: October 06, 2014, 11:42:54 AM »
How does a grade school rebbe even have $100K to invest?

And if he does why doesn't he speak to a real adviser instead of these folks...

+1

Offline henche

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Re: Scam Alert Sungames
« Reply #803 on: October 06, 2014, 12:00:03 PM »
How does a grade school rebbe even have $100K to invest?

And if he does why doesn't he speak to a real adviser instead of these folks...

Maybe he scammed it out of people in a former scam.

Offline Ergel

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Re: Scam Alert Sungames
« Reply #804 on: October 06, 2014, 12:32:17 PM »
By maxing his credit cards?
Bingo (although, not all of it was "his," he got his whole family in on it)

Last I spoke to him he was making the minimum payments on all his accounts
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Offline Ergel

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Re: Scam Alert Sungames
« Reply #805 on: October 06, 2014, 12:33:06 PM »
How does a grade school rebbe even have $100K to invest?

And if he does why doesn't he speak to a real adviser instead of these folks...
Can we stop using the word invest? it's an insult to any real investments.

He claims he did (???) (probably just spoke to their fancy lawyuhs)
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Offline henche

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Re: Scam Alert Sungames
« Reply #806 on: October 06, 2014, 12:40:45 PM »
Can we stop using the word invest? it's an insult to any real investments.

He claims he did (???) (probably just spoke to their fancy lawyuhs)

Maybe you don't know the truth about "real investments"...

Offline TimT

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Re: Scam Alert Sungames
« Reply #807 on: October 06, 2014, 12:50:45 PM »
And if he does why doesn't he speak to a real adviser instead of these folks...
Because a scammer promises 100 times more back than a real advisor.

Offline AbeBerkowitz

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Re: Scam Alert Sungames
« Reply #808 on: October 06, 2014, 01:21:24 PM »
 They actually promised a 250% return! ...and people believed it!

Offline disko7

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Re: Scam Alert Sungames
« Reply #809 on: October 06, 2014, 02:10:54 PM »
is the person you referring to someone that is involved with an organization that helps the poor? ...how ironic that would be, someone that helps the poor is leading the scam to make people poor!

Offline Ygold

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Re: Scam Alert Sungames
« Reply #810 on: October 06, 2014, 02:20:26 PM »
How does a grade school rebbe even have $100K to invest?

is the person you referring to someone that is involved with an organization that helps the poor? ...how ironic that would be, someone that helps the poor is leading the scam to make people poor!

Reminds me of this...

Shout out to Meshugener!

Offline DannyNJ

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Re: Scam Alert Sungames
« Reply #811 on: October 06, 2014, 02:36:01 PM »
Ygold:

Listen, you obviously have no skin in the game, no family member who has lost so much. It's because of people like you that scams such as this continue.
Can you at least admit that from reading all these pages that this is a genuine scam that is currently going on? Should we not prevent others from falling in? Especially since they have the unmitigated audacity to still ask people for more money!!!!!

Offline Dan

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Re: Scam Alert Sungames
« Reply #812 on: October 06, 2014, 02:54:10 PM »
Reminds me of this...


Heh.
Same video a certain SG ringleader sent me as proof that this thread needs moderating.

I have mercy on many people, but not on people who facilitate such evil.  I'll delete this thread when the ringleaders come clean and beg for forgiveness in public.
Save your time, I don't answer PM. Post it in the forum and a dedicated DDF'er will get back to you as soon as possible.

Offline avremie

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Re: Scam Alert Sungames
« Reply #813 on: October 06, 2014, 04:04:54 PM »
Heh.
Same video a certain SG ringleader sent me as proof that this thread needs moderating.

I have mercy on many people, but not on people who facilitate such evil.  I'll delete this thread when the ringleaders come clean and beg for forgiveness in public.
Why don't you expose the ringleader?

Offline ChaimMoskowitz

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Re: Scam Alert Sungames
« Reply #814 on: October 06, 2014, 05:12:53 PM »
Then we can start a thread to raise money for the families. Though at least others won't be suckered and ruin their lives as well.
I know you have a lot on your plate but if you took the lead I am sure it would be a success. I know at least one past member that would give.
I just found a new supply of forks!

Offline Chaikel

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Re: Scam Alert Sungames
« Reply #815 on: October 06, 2014, 06:14:36 PM »
Emunas chachomim includes what stock to invest in? Source?
It's a posuk

Reminds me of this...


I think the videos of ISIS beheadings would be a closer description of what's going on
Create professional looking itineraries.
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Offline Ergel

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Re: Scam Alert Sungames
« Reply #816 on: October 06, 2014, 07:19:01 PM »
Life isn't about checking the boxes. Nobody cares.

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Re: Scam Alert Sungames
« Reply #817 on: October 13, 2014, 08:57:20 PM »
How does a grade school rebbe even have $100K to invest?
by living frugally.  Maybe he follows the advice of the hated Dave Ramsey,  though if he did he would have never gotten suckered into such a scam

Offline Ergel

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Re: Scam Alert Sungames
« Reply #818 on: October 13, 2014, 09:22:34 PM »
by living frugally.  Maybe he follows the advice of the hated Dave Ramsey,  though if he did he would have never gotten suckered into such a scam
Maybe you missed the actual answer to this question?
« Last Edit: October 13, 2014, 09:53:55 PM by Ergel »
Life isn't about checking the boxes. Nobody cares.

Offline aradisc

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Re: Scam Alert Sungames
« Reply #819 on: October 19, 2014, 08:52:33 PM »
Any financial types want to help me parse this?  http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10210566-14227-18903&type=sect&TabIndex=2&dcn=0001117768-14-000740&nav=1&src=Yahoo
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10210566-19801-23438&type=sect&TabIndex=2&dcn=0001117768-14-000740&nav=1&src=Yahoo
http://yahoo.brand.edgar-online.com/displayfilinginfo.aspx?FilingID=10210566-30099-61853&type=sect&TabIndex=2&dcn=0001117768-14-000740&nav=1&src=Yahoo

Looks like assets of $2.5 mil and liabilities of $8.9 mil. And there is no product. "It's almost at the end," indeed.

Trouble? You don't say:
Quote
3.           Going Concern Uncertainty and Managements’ Plans
In the Company’s audited financial statements for the fiscal year ended December 31, 2013, the Report of the Independent Registered Public Accounting Firm includes an explanatory paragraph that describes substantial doubt about the Company’s ability to continue as a going concern.  The Company’s financial statements for the six months ended June 30, 2014 have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of business.  The Company reported a net loss of $3,595,848 and $531,139 for the six months ended June 30, 2014 and 2013, respectively, and an accumulated deficit of $6,717,534 as of June 30, 2014. As of December 31, 2013 the accumulated deficit was $3,121,686. At June 30, 2014, the Company’s total current liabilities exceed total current assets by $6,777,261.  At December 31, 2013 this amount was $2,966,851.

And Chandran and Robert are paid as contractors, presumably to protect their take when it all falls down.

Quote
4.            Related Party Transactions
Two former principals of Freevi Corporation and shareholders of the Company have consulting agreements with the Company. Guy Robert, the Company’s Chief Development Officer, entered into an independent contractor agreement with the Company on September 23, 2011 for three years at an annual payment of $120,000 which is paid to Adversor, a company 49% owned by Guy Robert. Neil Chandran, the Company’s Chief Executive Officer provides monthly consulting services to the Company and was paid $260,454 and $109,747 for the six months ended June 30, 2014 and 2013, respectively.