This is another story of embezzlement.
A rich society woman came to me awhile back. She had originally met Raymond a year and a half earlier. Raymond let her in on one of his Alaskan moneymaking ventures. Each quarter he paid her 20% on her money and she kept giving him more money to earn a return on.
By the end of the first year she had brought many of her rich society heiress friends and matrons into the investment.
When she came to visit me, it had been three weeks since Raymond had skipped his regular quarterly payment and she had been unable to reach him on the phone.
I gave her the correct advice.
I told her to immediately hire a private detective. I gave her the name of a man I trusted. I said the job of the private detective was to find every single asset that Raymond had and put a lien on it. That was the only way she could possibly get her money back, if he still had any assets in California.
She asked me whether that would protect her friends. I said that I doubted it. She would be lucky to get even a small segment of her own money back.
She didn't listen to me and told me when I phoned her a few days later that she had asked her lawyer, a prominent society lawyer, to write Raymond "a strong letter".
Lesson?
Any high return is probably a scam. Rich people like most people are embarrassed to admit they have been fooled. They rarely bring the police or authorities into financial scams. This is why embezzlers are such successful people.
By the end of the first year she had brought many of her rich society heiress friends and matrons into the investment.
When she came to visit me, it had been three weeks since Raymond had skipped his regular quarterly payment and she had been unable to reach him on the phone.
I gave her the correct advice.
I told her to immediately hire a private detective. I gave her the name of a man I trusted. I said the job of the private detective was to find every single asset that Raymond had and put a lien on it. That was the only way she could possibly get her money back, if he still had any assets in California.
She asked me whether that would protect her friends. I said that I doubted it. She would be lucky to get even a small segment of her own money back.
She didn't listen to me and told me when I phoned her a few days later that she had asked her lawyer, a prominent society lawyer, to write Raymond "a strong letter".
Lesson?
Any high return is probably a scam. Rich people like most people are embarrassed to admit they have been fooled. They rarely bring the police or authorities into financial scams. This is why embezzlers are such successful people.