Snidely Whiplash
Recycles dryer sheets
- Joined
- Apr 12, 2009
- Messages
- 206
Every other one of these shows I watch seems to involve an investment fund / Ponzi scheme and I'm dumbfounded at how many people think earning 20%+ per year on their investment is reasonable. As someone posted in another thread regarding the show, I don't know who is more greedy - the thief or the victim.
I'm amazed at how big these funds get with what appears to be very little oversight. Can basically anyone start collecting funds and investing them on behalf of others? I always assumed to be an investment advisor or money manager you had to have some type of credentials or license but I have never heard that being raised as an issue when these frauds are discovered; at least the shows don't indicate it as being an issue.
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I'm amazed at how big these funds get with what appears to be very little oversight. Can basically anyone start collecting funds and investing them on behalf of others? I always assumed to be an investment advisor or money manager you had to have some type of credentials or license but I have never heard that being raised as an issue when these frauds are discovered; at least the shows don't indicate it as being an issue.
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