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   Man convicted of the largest financial scam in Russian history is out of jail, running a new Ponzi scheme that he openly tells investors is one, and Russian authorities are powerless to stop him

11 Jun 2012 12:31 PM   |   9019 clicks   |   Yahoo
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Magorn    [TotalFark]  
So to sum up: Sneeze on a picture of Vladimir Putin?: Two months in Jail

Run a ginormous Ponzi scheme after going to jail for running one before?: Eh. What can we do really?

what's the point of living in a totalitarian system if the government doesn't at least smackd own the bad guys with their extra-judicial powers once in a while?

11 Jun 2012 11:28 AM
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Arkanaut     
He should run for President of Russia.

11 Jun 2012 12:32 PM
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cgraves67     
That guy should really get into politics if he is that charismatic.

11 Jun 2012 12:32 PM
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RibbyK     
media1.break.com

11 Jun 2012 12:33 PM
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hp6sa     
Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

11 Jun 2012 12:34 PM
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stonicus     
Magorn: So to sum up: Sneeze on a picture of Vladimir Putin?: Two months in Jail

Run a ginormous Ponzi scheme after going to jail for running one before?: Eh. What can we do really?

what's the point of living in a totalitarian system if the government doesn't at least smackd own the bad guys with their extra-judicial powers once in a while?


Because the government is obviously benefitting. Once that stops, they will come in and smack this guy around.

11 Jun 2012 12:34 PM
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TravisBickle62     
If you look around the table and you can't tell who the sucker is, the sucker is your mom

11 Jun 2012 12:36 PM
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I_Can't_Believe_it's_not_Boutros    [TotalFark]  
And when you open it up, there are five more increasingly smaller ponzi schemes inside.

11 Jun 2012 12:39 PM
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zerkalo     
Con the wrong biznesman and the problem will fix itself. Double tap, leave the gun

11 Jun 2012 12:39 PM
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mooseyfate     
Magorn: So to sum up: Sneeze on a picture of Vladimir Putin?: Two months in Jail

Run a ginormous Ponzi scheme after going to jail for running one before?: Eh. What can we do really?

what's the point of living in a totalitarian system if the government doesn't at least smackd own the bad guys with their extra-judicial powers once in a while?


Who do you think paid for that picture of Putin you're not allowed to sneeze on?

11 Jun 2012 12:41 PM
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emersonbiggins     
hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?


Well, if you get in early enough...

/brb, Amway rep at the door

11 Jun 2012 12:41 PM
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W C Feels     
Get me in on the ground floor!

11 Jun 2012 12:42 PM
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Oldiron_79     
hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?


If you get in then cash out before the wheel fall off the scheme you can make out like a bandit.... Of course if you stay in too long and the wheels fall off you just lost all the money you invested into the scheme and all the intrest you was supposed to earn.

I wouldn't do it, but your odds are probably better than gambling in a casino.

11 Jun 2012 12:45 PM
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Fish in a Barrel     
Oldiron_79: hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

If you get in then cash out before the wheel fall off the scheme you can make out like a bandit.... Of course if you stay in too long and the wheels fall off you just lost all the money you invested into the scheme and all the intrest you was supposed to earn.

I wouldn't do it, but your odds are probably better than gambling in a casino.


Yeah, it's basically a game of chicken crossed with a lottery.

11 Jun 2012 12:47 PM
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DavidVincent     
Sergei Mavrodi founded the most notorious pyramid scheme Russia has known, MMM, persuading millions that they could earn fantastic returns by investing in worthless paper.

Another Keynsian?

11 Jun 2012 12:58 PM
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JonathanChance     
Oh, so he's getting involved with Amway, then?

11 Jun 2012 01:09 PM
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krackpipe     
Yeah, that's the ticket. The Russians can't just get to anyone they want, anywhere. Riiiiiight.

11 Jun 2012 01:10 PM
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TheHappTroll     
How do I invest?

11 Jun 2012 01:11 PM
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Magorn    [TotalFark]  
JonathanChance: Oh, so he's getting involved with Amway, then?

No, Russia already tried that back in 2001

11 Jun 2012 01:15 PM
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nickerj1     
As long as you're not at the bottom of the pyramid, you're fine. You'll see your 40% return.

What you're betting on is whether he'll have the charisma to recruit new blood into the scheme after you.

11 Jun 2012 01:21 PM
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friedo    [TotalFark]  
Arkanaut: He should run for President of Russia.

He did.

11 Jun 2012 01:28 PM
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Crazy Lee     
He farked up the first time by distributing scrip with a likeness of his face etched on it. This time he's using what, bit coins? And, his ads do contain a disclaimer.

/chum the waters with the promise of 40% returns and every size and shape of shark rises
//refurbished bridges, cheap!!!

11 Jun 2012 01:34 PM
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groppet     
Sounds like my old boss that always said "You're going to have to trust me." I could never trust him and never did

11 Jun 2012 01:42 PM
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HAMMERTOE     
hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?


Every voting, SSI- paying American.

11 Jun 2012 01:50 PM
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iheartscotch     
Magorn: So to sum up: Sneeze on a picture of Vladimir Putin?: Two months in Jail

Run a ginormous Ponzi scheme after going to jail for running one before?: Eh. What can we do really?

what's the point of living in a totalitarian system if the government doesn't at least smackd own the bad guys with their extra-judicial powers once in a while?


From what I saw; the guy is hiding. He could be conducting all his business behind 37 proxies in the middle of Siberia; and even the penguins wouldn't know it.

/ I know that there aren't any penguins in Siberia; the kremlin sent in the polar bears to eat all of them after the penguins ate all the American bass that Putin had carted in during the late 90's

11 Jun 2012 02:09 PM
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uber humper     
gdb.rferl.org

Does not agree that Russian authorities are powerless.

In Svt Russia you are powerless to stop the authorities!

USSR! USSR! USSR!

11 Jun 2012 02:17 PM
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snocone    [TotalFark]  
The old cons are the best cons.
Suckers just want to believe.

11 Jun 2012 02:19 PM
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uber humper     
snocone: The old cons are the best cons.
Suckers just want to believe.


Yep, and people who want something for nothing, deserve and usually get -- nothing.

11 Jun 2012 02:31 PM
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dready zim     
It`s not fraud if you say "give me money so I can have it and then other people will be encouraged to do the same", it`s just counting on stupid people having money.

Every business works the same way,

11 Jun 2012 02:58 PM
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krackpipe     
uber humper: [gdb.rferl.org image 430x295]

Does not agree that Russian authorities are powerless.

In Svt Russia you are powerless to stop the authorities!

USSR! USSR! USSR!


What's amusing is that Russians thought, in 2006(!) that Western powers wouldn't be able to fingerprint the isotope. Took a few weeks, granted. See my upthread post with the wikipedia url.

11 Jun 2012 03:05 PM
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Nurglitch     
What, this is basically what any financial planner does on a daily basis. They sell you worthless mutual funds, insurance 'products', and other worthless bits of paper, collect a fat percentage of your principle, and bail once they have enough money to feel dignity again.

11 Jun 2012 03:11 PM
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DavidVincent     
krackpipe: uber humper: [gdb.rferl.org image 430x295]

Does not agree that Russian authorities are powerless.

In Svt Russia you are powerless to stop the authorities!

USSR! USSR! USSR!

What's amusing is that Russians thought, in 2006(!) that Western powers wouldn't be able to fingerprint the isotope. Took a few weeks, granted. See my upthread post with the wikipedia url.



Take a look sometime what the US is doing in your name.

11 Jun 2012 03:24 PM
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uber humper     
krackpipe: uber humper: [gdb.rferl.org image 430x295]

Does not agree that Russian authorities are powerless.

In Svt Russia you are powerless to stop the authorities!

USSR! USSR! USSR!

What's amusing is that Russians thought, in 2006(!) that Western powers wouldn't be able to fingerprint the isotope. Took a few weeks, granted. See my upthread post with the wikipedia url.


I didn't see your post.

It's hard to believe it was almost 6 years ago...

11 Jun 2012 03:52 PM
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Canned Tamales     
HAMMERTOE: hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

Every voting, SSI- paying American.


Loser troll is a loser. So sad.

11 Jun 2012 05:22 PM
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Oldiron_79     
Fish in a Barrel: Oldiron_79: hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

If you get in then cash out before the wheel fall off the scheme you can make out like a bandit.... Of course if you stay in too long and the wheels fall off you just lost all the money you invested into the scheme and all the intrest you was supposed to earn.

I wouldn't do it, but your odds are probably better than gambling in a casino.

Yeah, it's basically a game of chicken crossed with a lottery.


Yeah pretty much. I've also heard it compared to a game of musical chairs.

11 Jun 2012 05:52 PM
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olddinosaur     
I fail to see why they should arrest him at all.

The USSA has been doing roughly the same thing for years, and the people responsible are still at their government jobs.

They ought to let Bernie Madhoff out of prison, give him a pardon and pay him royalties on his invention.

11 Jun 2012 06:12 PM
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uber humper     
Oldiron_79: Fish in a Barrel: Oldiron_79: hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

If you get in then cash out before the wheel fall off the scheme you can make out like a bandit.... Of course if you stay in too long and the wheels fall off you just lost all the money you invested into the scheme and all the intrest you was supposed to earn.

I wouldn't do it, but your odds are probably better than gambling in a casino.

Yeah, it's basically a game of chicken crossed with a lottery.

Yeah pretty much. I've also heard it compared to a game of musical chairs.


So, am I understanding you guys correctly in that you want to start a fark ponzi?

11 Jun 2012 06:17 PM
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intelligent comment below     
Powerless to stop him? This is a country still run by the KGB that kills dissidents around the world, locks up executives at companies that compete with state owned enterprises, and harasses activists who dare run against the ruling political party. Powerless huh

11 Jun 2012 06:27 PM
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FeatheredSun     
JUICE! JUICE! JUICE! JUICE!...

/now I'm sad.

11 Jun 2012 07:31 PM
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mikewadestr     
Tell the people you are going to screw them
screw the people
tell the people you screwed them

11 Jun 2012 08:04 PM
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bindlestiff2600     
im guessing that at a minimum
that the state is getting taxes off of money that they would not have otherwise seen

im guessing that later his crimes will be "discovered"

11 Jun 2012 11:27 PM
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Oldiron_79     
uber humper: Oldiron_79: Fish in a Barrel: Oldiron_79: hp6sa: Remember - it's not fraud if you tell everyone exactly how you're going to screw them.

/who is dumb enough to invest in this?

If you get in then cash out before the wheel fall off the scheme you can make out like a bandit.... Of course if you stay in too long and the wheels fall off you just lost all the money you invested into the scheme and all the intrest you was supposed to earn.

I wouldn't do it, but your odds are probably better than gambling in a casino.

Yeah, it's basically a game of chicken crossed with a lottery.

Yeah pretty much. I've also heard it compared to a game of musical chairs.

So, am I understanding you guys correctly in that you want to start a fark ponzi?


Why? you interested in investing?

11 Jun 2012 11:28 PM
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untaken_name     
Does he call it "Social Security"?

11 Jun 2012 11:56 PM
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Bucky Katt    [TotalFark]  
Putin should just put a hit out on the guy. What's one more?

12 Jun 2012 01:12 AM
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krackpipe     
DavidVincent: krackpipe: uber humper: [gdb.rferl.org image 430x295]

Does not agree that Russian authorities are powerless.

In Svt Russia you are powerless to stop the authorities!

USSR! USSR! USSR!

What's amusing is that Russians thought, in 2006(!) that Western powers wouldn't be able to fingerprint the isotope. Took a few weeks, granted. See my upthread post with the wikipedia url.

Take a look sometime what the US is doing in your name.


It seems likely you've been socked in the mouth by some of your best friends.

12 Jun 2012 06:50 AM
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