OTCPK:TOUBF - Post by User
Comment by
coalMiner4on Jun 23, 2011 2:27pm
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Post# 18757072
RE: RE: 15 years
RE: RE: 15 yearsMadoff's investment scam was a classic ponzi, using new investors money to pay reutrns for the investors who had been with him longer term. His accountant was in on the scam, he did all the "trading" himself. Lots of money but small very easily hidden operation. Happens alot in Madoff's line of work since your basically trusting a small number of individuals with your money.
How can you compare that to a huge chinese forestry company like Sino? Especially operating out of China, if Madoff had done the same thing there he would be dead right now... period, no nice jail cell for him.
So sino is just a big Ponzi? Even with proven forestry assets, operations and thousands of staff? But your saying none of that is real and they managed to hide the fact they are a sham for 15 years from auditors..... you know since Madoff did it too...
Screw comparing apples and oranges, your comparing apples and the f%cking moon. I hope this spikes up to $4.00 somehow today so you have to cover that short position immediatly and stop posting on here.