Copy-and-paste of my reply on EP, with a few edits. If I am scamming EFD, please lock me
We got some clues about him being a scammer.
First of all, I don’t remember Burelli telling his customers what he was doing with their money. Trading Mind Essence, high-end items… Could be anything. However, no one can get such a profit in such a short time by doing this. Talented (and dedicated) traders like Aziphirael may be able to get decent profit on a long run and on large amounts.
If you are skeptical, think about it, does buying stuff then selling it back for twice as much money all day long makes sense for you ? Market prices would drop in a heartbeat, and your fame would as well. So, no, you would definitely not be able to do this on a long run.
Another thing. Did anyone see him on the auction boards ? I’m not playing much, but I’m logging a few times a day. No matter when I logged, he was always advertising his business in Port Atlantis.
Don’t you think that if he was honest, he would create another account, deposit some cash and pay back the investers who put all of their trust on him ? Who cares about money, if he can get that much profit over little time, he would be able to cover his own losses.
If it isn’t a Ponzi scheme, then why does he need to have backup funds in order to pay the investers back ?
MindArk will clarify the rest of this case themselves.
[QUOTE=Franck]
, I don’t remember Burelli telling his customers what he was doing with their money. Trading Mind Essence, high-end items… Could be anything.
[/QUOTE]
I asked one of his “victims” about this when he tried to make me invest (he did offer commission, like any other pyramid scheme). Aparently, Burrelis “method” for such huge profits was that he would buy large quantities of one particular raw material, and then sell it all when the prices had tripled.
It seemed very unlikely, even coming from an entusiastic noob. But all I did was watch him in port atlantis with the same content I watch people selling tt items to noobs for three times their value. However, those noobs deserve some pity, they do not know better, people not seing Burelli Investment for what it really is (was) have only themselves to blame.
Then again, I might just be cynical, but atleast I find such scams hillarious. If you trust thousands of peds on a complete stranger, with a vague buisness idea, you really deserve nothing better.
But if the investors are informed about the risk, it is theyr own problem.
No risk, no Bingo
[/QUOTE]
You know it’s a risk going into a pyramid scheme, which means your a part of it!
Cause the only ppl who will loose are the ones who go in last. Your just as part of the scam as the the one who started it!
[QUOTE=Faustian]
You know it’s a risk going into a pyramid scheme, which means your a part of it!
Cause the only ppl who will loose are the ones who go in last. Your just as part of the scam as the the one who started it!
[/QUOTE]
:wise:
Morality : A lot of players have to be locked, because they were all part of the scam…
If I were part of MindArk staff, I would say : “Do it as soon as they deposit or ask for a withdraw !” :evilking:
[QUOTE=Faustian]
These scams have being going on in Bars and Taverns for decades! It’s nothing new, only fools or fellow scammers join them!
[/QUOTE]
How high is your Alcohol Knowledge skill Faustian ? Mind selling some ?
