Author Topic: Scam Alert Sungames  (Read 278678 times)

Offline AbeBerkowitz

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Re: Scam Alert Sungames
« Reply #675 on: September 11, 2014, 04:01:43 PM »
 I was told by an investor this morning that they are trying to raise more money for this deal. The investors were promised 100% return on the new money!!! within a week!!. I heard that there are people that are giving more.
   I am blown away by how dumb people are. The investor told me that a Rov in the deal told him that he should put in more because he is speaking to mekubalim who have vouched for this deal.
  Insane!
 You can't make this up!
   

Offline TimT

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Re: Scam Alert Sungames
« Reply #676 on: September 11, 2014, 04:02:51 PM »
I was told by an investor this morning that they are trying to raise more money for this deal. The investors were promised 100% return on the new money!!! within a week!!. I heard that there are people that are giving more.
   I am blown away by how dumb people are. The investor told me that a Rov in the deal told him that he should put in more because he is speaking to mekubalim who have vouched for this deal.
  Insane!
 You can't make this up!
   
Why are mekubalim involved in this ?

Offline Dan

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Re: Scam Alert Sungames
« Reply #677 on: September 11, 2014, 04:04:37 PM »
I was told by an investor this morning that they are trying to raise more money for this deal. The investors were promised 100% return on the new money!!! within a week!!. I heard that there are people that are giving more.
   I am blown away by how dumb people are. The investor told me that a Rov in the deal told him that he should put in more because he is speaking to mekubalim who have vouched for this deal.
  Insane!
 You can't make this up!
   
They should listen to the investor call...
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 #678 on: September 11, 2014, 04:08:51 PM »
Why are mekubalim involved in this ?
They're experts on raising money...
Curiosity made the cat smarter.

Offline Ergel

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Re: Scam Alert Sungames
« Reply #679 on: September 11, 2014, 04:12:20 PM »
I know this is largely irrelevant as it's hard to call something a loan which isn't/won't be paid back, but is the company owned by Jews? Do they have a heter iska or are they relying on the rav Moshe about companies?
Life isn't about checking the boxes. Nobody cares.

Offline AbeBerkowitz

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Re: Scam Alert Sungames
« Reply #680 on: September 11, 2014, 04:20:16 PM »
 They are all dreamers!! 
  There are lots of Rabbonim involved in this deal. There are a lot of yeshivas involved.
 They need the dream to stay alive . Whatever it takes. Even if it means putting in more money.

Offline Emkay

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Re: Scam Alert Sungames
« Reply #681 on: September 11, 2014, 05:11:37 PM »
I know this is largely irrelevant as it's hard to call something a loan which isn't/won't be paid back, but is the company owned by Jews? Do they have a heter iska or are they relying on the rav Moshe about companies?
Not jewish

Offline Emkay

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Re: Scam Alert Sungames
« Reply #682 on: September 11, 2014, 05:12:11 PM »
Why are mekubalim involved in this ?
Their not

Offline Mountain Man

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Re: Scam Alert Sungames
« Reply #683 on: September 11, 2014, 07:15:37 PM »
They are all dreamers!! 
  There are lots of Rabbonim involved in this deal. There are a lot of yeshivas involved.
 They need the dream to stay alive . Whatever it takes. Even if it means putting in more money.

Why can't they just see it for what it is. It's a sunk cost. A mistake was made, face it and move on. The longer this mess goes on the greater chance for this hitting mainstream media and becoming yet another chilul hashem.
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Offline Achas Veachas

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Re: Scam Alert Sungames
« Reply #684 on: September 11, 2014, 08:14:52 PM »
Why can't they just see it for what it is. It's a sunk cost. A mistake was made, face it and move on. The longer this mess goes on the greater chance for this hitting mainstream media and becoming yet another chilul hashem.
Ever heard of the Sunk cost fallacy?
Curiosity made the cat smarter.

Offline Ergel

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Re: Scam Alert Sungames
« Reply #685 on: September 11, 2014, 08:27:29 PM »
Why can't they just see it for what it is. It's a sunk cost. A mistake was made, face it and move on. The longer this mess goes on the greater chance for this hitting mainstream media and becoming yet another chilul hashem.
They honestly still believe they are getting their money back. Just had a conversation with a guy with money in and it was comical how delusional he was.
First he says you think these guys did this for just $10 mil (still not sure why that's so farfetched). Then he's like he's only trying to raise $50k today so it can't be a scan cause it's so little $. Then he brings in the mekubalim. And he says rav shteinman also have his bracha
Life isn't about checking the boxes. Nobody cares.

Offline avibrooklyn

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Re: Scam Alert Sungames
« Reply #686 on: September 11, 2014, 08:46:16 PM »
They honestly still believe they are getting their money back. Just had a conversation with a guy with money in and it was comical how delusional he was.
First he says you think these guys did this for just $10 mil (still not sure why that's so farfetched). Then he's like he's only trying to raise $50k today so it can't be a scan cause it's so little $. Then he brings in the mekubalim. And he says rav shteinman also have his bracha


with all due respect to all the rabbis who gave their "blessing" to this "deal"


what do they understand about business or economics ?

just asking

Offline avremie

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Re: Scam Alert Sungames
« Reply #687 on: September 12, 2014, 12:46:40 AM »
They're experts on raising money...
Like!

Offline avremie

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Re: Scam Alert Sungames
« Reply #688 on: September 12, 2014, 12:47:23 AM »
But don't forget it's almost at the end

Offline TimT

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Re: Scam Alert Sungames
« Reply #689 on: September 12, 2014, 12:57:21 AM »
But don't forget it's almost at the end
They're already thinking up the next one.