Author Topic: Scam Alert Sungames  (Read 279350 times)

Offline Menachem613

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Re: Scam Alert Sungames
« Reply #570 on: August 28, 2014, 04:55:42 PM »

what good can come of it

Sunlight is the best disinfectant.

Offline Emkay

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Re: Scam Alert Sungames
« Reply #571 on: August 28, 2014, 04:58:13 PM »

Shame and name institutions frittering away money that was entrusted to them.
Best way to prevent it from happening in the future since many of these places have minimal financial oversight.
shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part

Offline yaakov s

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Re: Scam Alert Sungames
« Reply #572 on: August 28, 2014, 05:00:15 PM »
shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part
If true...

Then they shouldn't be allowed control over money

Offline etech0

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Re: Scam Alert Sungames
« Reply #573 on: August 28, 2014, 05:01:38 PM »
shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part
+1
I'm not a rav but this feels like L"H to me... even if some of them knew this was a bad idea, doesn't mean they all knew...
Workflowy. You won't know what you're missing until you try it.

Offline yechielM1

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Re: Scam Alert Sungames
« Reply #574 on: August 28, 2014, 05:09:25 PM »
Ya I agree I would be carful about LH

Offline sky121

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Re: Scam Alert Sungames
« Reply #575 on: August 28, 2014, 05:10:55 PM »
theres no damn story! They were convinced of get rich quick and they lost money quick

That's a story. Hearing an actual victims case may help others to open their eyes.
"Not all who wander are lost"

Offline etech0

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Re: Scam Alert Sungames
« Reply #576 on: August 28, 2014, 05:17:40 PM »
That's a story. Hearing an actual victims case may help others to open their eyes.
And may cause the actual victims embarrassment. What if it was you C"V who made this kind of mistake. Would you want your name posted online as the one who fell for it and was taken advantage of?
Workflowy. You won't know what you're missing until you try it.

Offline Achas Veachas

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Re: Scam Alert Sungames
« Reply #577 on: August 28, 2014, 05:18:39 PM »
And may cause the actual victims embarrassment. What if it was you C"V who made this kind of mistake. Would you want your name posted online as the one who fell for it and was taken advantage of?
Doesn't have to be with name...
Curiosity made the cat smarter.

Offline Saver2000

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Re: Scam Alert Sungames
« Reply #578 on: August 28, 2014, 05:21:26 PM »
shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part
Huh? Since when is a rosh yeshiva qualified to make financial decisions? 
(some are,  but obviously some aren't)

I know of a rosh yeshiva that was approached with a similar "money making opportunity".

The proposed plan was to have a mailing sent out to all the parents of the student body,  and have them sign up as well,  and the yeshiva would get a referral/commission for each one.

Although it sounded very enticing (since,  ultimately, the financial obligations of the yeshiva fall on to the rosh yeshiva),  he told them that he needs to speak to the board of the yeshiva.

Bh the board members consist of "experienced" businessmen (As opposed to some shnuk who thinks he knows everything). They heard out the "opportunity" and advised the rosh yeshiva to keep himself and his parent body out of it. 
Long story short : a few months later it went bust.

My point isn't that it went bust.  My point is that any institution with a board -  had they consulted with thier  board,  they would he tol to stay away.
If they don't have a board -  that's a different major issue.

Just Bec ssomeone can be a rosh yeshiva or open an organization -  doesn't mean he has any experience in the business world.

/rant

Offline Menachem613

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Re: Scam Alert Sungames
« Reply #579 on: August 28, 2014, 05:29:01 PM »

shame them for what?? For being financially unintelligent? They honestly thought they were doing what was in the best interests of their institution. Most of them are probably were probably not aware of any sinister doings on anyones part

There really is no need to shame them. They will probably out themselves and ask the public for money to recoup their unforeseen loses.

Offline Saver2000

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Re: Scam Alert Sungames
« Reply #580 on: August 28, 2014, 05:29:14 PM »
And may cause the actual victims embarrassment. What if it was you C"V who made this kind of mistake. Would you want your name posted online as the one who fell for it and was taken advantage of?
How can you make financial decisions on behalf of an organization if you're "financially unintelligent" ??

Offline Emkay

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Re: Scam Alert Sungames
« Reply #581 on: August 28, 2014, 05:49:59 PM »
Huh? Since when is a rosh yeshiva qualified to make financial decisions? 
(some are,  but obviously some aren't)

I know of a rosh yeshiva that was approached with a similar "money making opportunity".

The proposed plan was to have a mailing sent out to all the parents of the student body,  and have them sign up as well,  and the yeshiva would get a referral/commission for each one.

Although it sounded very enticing (since,  ultimately, the financial obligations of the yeshiva fall on to the rosh yeshiva),  he told them that he needs to speak to the board of the yeshiva.

Bh the board members consist of "experienced" businessmen (As opposed to some shnuk who thinks he knows everything). They heard out the "opportunity" and advised the rosh yeshiva to keep himself and his parent body out of it. 
Long story short : a few months later it went bust.

My point isn't that it went bust.  My point is that any institution with a board -  had they consulted with thier  board,  they would he tol to stay away.
If they don't have a board -  that's a different major issue.

Just Bec ssomeone can be a rosh yeshiva or open an organization -  doesn't mean he has any experience in the business world.

/rant
There are large yeshivas involved that consulted with their board and still proceeded. Money is blinding and especially when presented by an experienced thief

Offline Emkay

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Re: Scam Alert Sungames
« Reply #582 on: August 28, 2014, 05:50:21 PM »
Ya I agree I would be carful about LH
You again? Go away

Offline bubkiz

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Re: Scam Alert Sungames
« Reply #583 on: August 28, 2014, 05:53:55 PM »
There are large yeshivas involved that consulted with their board and still proceeded. Money is blinding and especially when presented by an experienced thief

Some board. They should cough up the losses if they really gave the go ahead.

Offline yechielM1

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Re: Scam Alert Sungames
« Reply #584 on: August 28, 2014, 05:58:44 PM »
Relax calm down



You again? Go away