Author Topic: Scam Alert Sungames  (Read 350637 times)

Offline Dan

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Re: Scam Alert Sungames
« Reply #420 on: August 14, 2014, 04:07:33 PM »
It's not the lack of education. 
How many doctors, lawyers, and accountants do you think are invested in this?
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 wayfe

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Re: Scam Alert Sungames
« Reply #421 on: August 14, 2014, 04:09:16 PM »
How many doctors, lawyers, and accountants do you think are invested in this?
Hey, the smart ones who bought the stocks and shorted them in time!
"I would rather have questions that can't be answered than answers which can't be questioned."
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Re: Scam Alert Sungames
« Reply #422 on: August 14, 2014, 04:12:04 PM »
How many doctors, lawyers, and accountants do you think are invested in this?
how many of them invested in Madoff?
Feelings don't care about your facts

Offline wayfe

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Re: Scam Alert Sungames
« Reply #423 on: August 14, 2014, 04:22:19 PM »
how many of them invested in Madoff?
Madoff was a well known, reputable name at that time
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Offline wayfe

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Re: Scam Alert Sungames
« Reply #424 on: August 14, 2014, 04:23:28 PM »
But then what do you do when the rov of your shul is the one pushing a scam? (As is also happening in this case) Aren't the congregants supposed to trust him?

It's simply educating people to be honest, straight, and teach them what it means to have a work ethic, don't look for the sleazy quick buck, make an honest living. People who have these solid values don't invest in this type of scam.
I think a lot of problems would be solved if just the Rabbonim got some solid secular education.
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Offline Emkay

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Re: Scam Alert Sungames
« Reply #425 on: August 14, 2014, 04:25:16 PM »
How many doctors, lawyers, and accountants do you think are invested in this?
They are usually not involved in these schemes ever since they are living check to check, and the notion of making a possibly quick dollar on shady businesses is not as tantalizing

Offline Dan

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Re: Scam Alert Sungames
« Reply #426 on: August 14, 2014, 04:33:35 PM »
They are usually not involved in these schemes ever since they are living check to check, and the notion of making a possibly quick dollar on shady businesses is not as tantalizing
More reason for people to get some education...
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Offline Menachem613

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Re: Scam Alert Sungames
« Reply #427 on: August 14, 2014, 04:36:21 PM »

More reason for people to get some education...

The OP was referring to *financial* education, as if the lack thereof was the cause.

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Re: Scam Alert Sungames
« Reply #428 on: August 14, 2014, 04:37:05 PM »
Madoff was a well known, reputable name at that time
and Dwek, Shick, Weinstein, Rothstein, etc.
Feelings don't care about your facts

Offline avrumy22

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Re: Scam Alert Sungames
« Reply #429 on: August 14, 2014, 04:43:25 PM »
It only counts if you're a really expensive lawyer.

Paging AJK.

Offline wayfe

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Re: Scam Alert Sungames
« Reply #430 on: August 14, 2014, 04:46:56 PM »
and Dwek, Shick, Weinstein, Rothstein, etc.
I actually don't know those names. But Madoff was a NASDAQ chairman, so it's a lot more understandable if doctors and lawyers invested in him.
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Re: Scam Alert Sungames
« Reply #431 on: August 14, 2014, 05:35:01 PM »
Let's just say they were ponzis which had many professionals and successful businessmen invested in them.
Feelings don't care about your facts

Offline stbaum

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Re: Scam Alert Sungames
« Reply #432 on: August 15, 2014, 12:25:05 PM »
from tumblr


original link
My greatest achievement? I am fluent in FRIENDS quotes

Offline ariIs

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Re: Scam Alert Sungames
« Reply #433 on: August 15, 2014, 12:32:28 PM »

More reason for people to get some education...

While I agree that the lack of secular education is a problem in the NY frum community, I don't think that the propensity to fall for these scams is because of it.

People have little exposure to the secular world, and have ingrained in them trust of other frum ppl. Not a bad thing in itself, but scams like these appear clearly as scams only to someone who has been exposed to similar stuff before.
If someone never saw one of those 'you've won $1m!!!' Letters in the mail, I would excuse them for believing it was real at first.
Financial education might help, but I think the only thing that will really help is less isolation from the outside world.

Just my 2c.


Offline EP123

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Re: Scam Alert Sungames
« Reply #434 on: August 15, 2014, 02:13:00 PM »
From all scams why are we singling out sungames? There are so many scams out there why attack this one

Offline avremie

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Re: Scam Alert Sungames
« Reply #435 on: August 15, 2014, 02:16:10 PM »
There needs to be basic financial education in frum communities (even the ones that avoid limudei chol) it's not just MLM scams its also ponzi schemes and building projects in Israel etc. So many people are at risk at losing everything because my friend looked into it or "he's frum" .....
I feel my words have been distorted

Offline NYHeel

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Re: Scam Alert Sungames
« Reply #436 on: August 15, 2014, 02:25:35 PM »
It's not the lack of education.
Actually I think that's exactly what it is. You have a group of intelligent people who are grossly undereducated relative to their intelligence levels making very poor financial decisions because they don't truly understand what's being done and how the financial world works. Sure there's a component of gullibility and putting too much trust in someone because he's frum, but for the most part they're not picking up on the obvious red flags because they have no experience and education in finance, math or even history. Some knowledge in these areas would help one discern obvious red flags.

There will always be scammers and suckers and sometimes even educated smart businessmen fall prey, but something this obvious should have screamed scam to anyone who heard it.

Offline Moshe123

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Re: Scam Alert Sungames
« Reply #437 on: August 15, 2014, 02:54:00 PM »
Wonderful voicemail.
Post it to the main site.

Offline avrumy22

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Re: Scam Alert Sungames
« Reply #438 on: August 15, 2014, 06:21:56 PM »
Wonderful voicemail.
Post it to the main site.

Offline aradisc

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Re: Scam Alert Sungames
« Reply #439 on: August 15, 2014, 07:03:30 PM »
That voicemail is unreal. Definitely should be posted to the main site, with perhaps obscuring the caller's name.