damn thats alot of clams u might want to take a ride do some damage

they will just suck you dry, its throwing good money after bad:2 cents:

I guess you missed the $2k in lawyer fees.

"I was asking him about what he did and he told me that he can get about 8-10% return a year guaranteed or 20% in a high risk"

You should have ran when you heard the word "guaranteed".

And if I could get a guaranteed 5% in these uncertain times I would be all over it.

anyone claiming those returns.. and even mention the word Forex is most likely involved in an HYIP program. I dabbled investing in some of them a few years back...

high yield investment programs.. I cashed out of a few quick, thats the trick.

its an entire industry unto itself.. illegal ponzi programs being put up daily by people looking to "profit" from them.. some guys actually run them successfully for long periods of time.. auto-payouts allow you to get paid daily in many cases.. new investor money paying previous investors cashouts.. but when they decide to split with everyones cash bcuz funds start to shrink rather than grow, don't be left with money in the acct.. it'll be gone.

You can look up HYIP in wikipedia.... much info on web..
http://en.wikipedia.org/wiki/Hyip

Chances are, your so-called investor buddy was investing your cash in one of these, or ran his own.. and when it went under.. your funds went with it.

You can certainly file suit on the guy, as mentioned previously..
hopefully you can someday recover your loss. best wishes..

used to be in finance and did alot of work w/ non profits and worked with a group that lost $1.2MM to that exact scam- 10% a month which the guy said was only possible and being of offered to them cause they were doing "humanitarian work":winkwink:

The non profit did find a group that got their money back. It cost them 40% but at least they got something back. Have no idea how they did it, but they said they did it all legit. If you think talking to them would be helpful, send me a PM and ill put you in touch with them.

But in the meantime, never forget the immortal words of the dude from harold and kumar when asked how he dealt with all the injustice (paraphrased):

"the universe has a way of working things out...plus i have a really big penis"

but seriously, i'm old enough to know everyone gets thiers eventually.

believe this..... friends are really your enemies.

Ive seen those hyips a lot lately read a lot about them on talkgold it seems there are a few good ones that are paying for years, is it worth trying out anyone making good bank with them hyips?

Sorry to hear that man.. .but you have learned a hard life lesson. If it comes to money I trust no one even my mother... :Oh crap with one only exception... but she would go to hell for me and so would I this is the only one I can be sure and that was proven many times... but others... there is family, there are friends, there are even very good close friends... but I would never give none of them my lifesavings.
I've been into a different shit may times too. I hope you will cope with everything and you will make up for losses! Be brave and never give up! :thumbsup

25 x 2 ....

You can game HYIPs just like you can game the penny stock email scams, but it's nothing more than a gamble.

Only way you will get your money back is Soprano's style. Maybe hire a gangster to beat the money out of him.

Next time give me 1k and I'll kick you in the ballz 5 times......It will be less painful

set his house on fire...

They can still gone day after you invest.For example i invested 600$ into program which was working perfectly fine for year and half and once i joined they gone.

Once, my brother was kind of an idiot and was all into HYIPs (aka scam investment opps that are generally all ponzi schemes) and I think it was like $2k he got taken on through one of them. The person who ran it did get caught and...he was a 16 year old kid! Bilked hundreds of thousands from people and I know at least my bro never got his money back.

Wow, tough stuff :( Hope you make some money back soon.

I'm not one to beat a guy while he's down, so look at this this way: you just spend $25,000 on an education. And in the end, it will probably be more valuable than the $50,000 other guys spent on an M.B.A.:2 cents:

That totally blows...

A friend of mine tried to get me to invest in a medical company that was going to go from .75 to $4.50 in a weeks time.

I said no... Stock instead went to .0001 which turned his $10,000 investment into somewhere around $17.89 or some shit... and that is if you can get someone to buy your stock...

you mixed friends and money basically. sorry about your loss, just keep pushing forward and don't expend too much time/energy dwelling on it or you will lose another 25k with that shit eating away at you. just curious where do you stand with your 'friend' ?

No such thing as guaranteed profits or gains. Unrealistic gains like that above normal shouldve been a red flag. U got scammed. U gambled n lost.

...and there are a few more here, who are just waiting to become the next victims.
the clues "...do homework"...and "get it in writing"..."you can recover it".

there is a sliver of truth to those statements. but mostly it shows they don't know how these things are.

homework usually involves asking the persons for references and more information and pamphlets. of course what they provide all checks out.

get it in writing. sure i can write you any percent you want, give me a million dollars and you name your percentage rate of return to be paid in full the day after never.

recover it, not likely. those types go through all the cash. e.g. cars repo'd. hint !

I had a close friend get the same thing some years back. $50k, oil exploration deal. big convention in las vegas (my first clue, hmmm), minimum investments, and all in writing. yes they had the phone answering service, an a well drilling rig picture etc.
I tried to warn him prior, but he refused my advice, because he did his homework, and IT WAS IN WRITING. ok then. Same exact promises, a minimum of xx% amount, up to 30% or more. I tried to reason with him, if it was such a sure thing with no risk, even banks would be loaning them the money, and they wouldn't have to pay 'investors' such a high rate!
eventually the service stopped answering the phones, zero recovered.

good luck. and I'm not faulting you, as much as i warn a few others who think they are smarter than you and could 'do better homework' and or 'get it in writing'. of course i'm not saying reallly sharp guys couldn't figure out the scam, but then again, that old "if it sounds too good to be true, you can be sure it is also works."
hey, at least it wasn't the email from nigeria investing money to get larger money scam.

if you think you are smarter than the 'average' joe you stand a high chance of being scammed. all larceny operates on that very principal, that the victim thinks they are somehow slicker than 85% of the rest of the population. i haven't gotten beat out of any $ in over a year, and in my case it was some damn nigerian selling nonexistent bmw parts on a forum on a compromised username. another variant of their '419' scam. so even if you do check your references (papers and writing in your case) its still no guarantee you're getting a straight deal. just dont let your greed or need to get a lefthanded slick move hookup get the best of you. again sorry about your $ loss man

I invest in my mattress.... 100% foolproof.

Damn sucks to hear. GL tho

I got back about 95% of my $3k investment in 12dailypro through a chargeback. It collapsed shortly after I opened my account so I never had a payout. I consider myself very lucky (and also very stupid)

To the OP, I feel sorry for you, but c'mon man... what are you doing investing your life savings?

never trust anyone that "guarantees" you any sort of return... that is a major sign that they are into something illegal, unless it is fixed income of course, but any time there are stocks involved highly illegal to make any guarantees.

sorry to hear about your cash man... i know that is a tough pill to swallow, i got frauded out of 3K a few years ago by a dude in romania that was going to sell me his car... i still feel pissed about that years later, and a much smaller amount...

try to put it behind you, but i know its not going to be easy or probably possible to do so :(:(

Sorry to hear about this man.

Dont let it get you down though, learn the lesson at hand and plan to move forward.

Should not invest if you can't afford to lose..

Ouch sorry to hear

Not fireproof though

The American stock market is the most corrupt and manipulated in the world. It's effectively legalised gambling and if you invest money in it you should treat it as such.

The 3% would have made a big difference over time..
Get more specifics before you drop that kind of cash on someone..
Me I'd never put my life savings all into ONE thing, and if I did, I would have known everything about that guy.
Someone would have asked me, hey, this guy you just put all of your money into, what does the inside of his wifes asshole look like? I'm sayin' there are two moles in there one has a single hair the other has three magenta colored rings like saturn..
Stick me for my life savings you just ended my life so I'm comin' at you with guns drawn.. "Here I come son yo I think you better run"

Man if I worked all of my life and had some shit and someone just up and took it from me I'd end them and myself.. Just for fun.. or maybe end some things they care for, and me.. just for fun. I hate people like that.

I've only been scammed once in my life.. for five bills.. this old black dude FIRST he doesn't stick me 1100 when he has a perfect opportunity.. I had taken my car to him for some work, I come to pick it up and he tells me the truth charges me $20 when he could have claimed to have changed something. Then later he sticks me $500. LoL over here, go figure that one, dummy you're supposed to be extra honest about something for $500 and THEN stick me the $1100..
The guy is an old school friend of my father, I let it slide, I love the guy anyway

Oh that and one other guy Kevin Jung in Irvine.. motherfucking fuck. He stuck me $450. On the list. I'll get him :)
Come on, you don't stick a fucking k*d for money, that was fucked up

Speaking of all things ponzi scheme - has anyone else seen the adverts going around online for the 'Brazilian Eucalyptus' plantations?

- 8-14%
- 'Government backed'
- 'Secured investments'

That thing set off alarm bells first time I saw it.. Anyone else think the same?

gotta love the fact that shit like this can happen and nothing is done about it. Ridiculous that there does not exist laws that protect the little guys. Hope the thieving bastard gets his!!!!!

I think this is what really set me off. Not the $2k+ in lawyer fees, but that calling the police and FBI (I have names and numbers of at least 6 other people that were involved) there is NOTHING they can do.

I was told by one agent at the FBI that they are looking into this case, but probably would not have anything to update me for a few months.

I was a bit pissed and said "this guy probably stole MILLIONS from people and you cant do anything?" and his response was "pretty much until we build a case... and that is IF we can."

No wonder why there are so many thieves and this country is as fucked up as it is. You can still millions from people and not have to worry the police are doing to do anything. Someone takes a few thousand from you and you punch them in the face your doing jail time for assault.

fuck that :mad:

What does your buddy that introduced you to the scam think of all this? how much did he get burned for?

He got burned for about $10-15k, but he keeps telling me that he is his friend and will definitely make sure we get our money back ASAP...

HOW? beats me unless he is finding new victims.

When this first happened I but a ton of blame on my friend, mainly because he said he would even guarantee it himself with stocks that he had. Only to find out later he lost his ass in the stock market. I kept getting on him to get me my money, but he claims he has none either.

As for our friendship, its pretty much tainted because of this. Only reason I still talk to him is in hopes that his friend comes across some money and will hand some out.

Basically they are telling us that it's up to us to protect our money no matter what crimes take place?