Thursday, January 7, 2010

Remember When I Said...

Another round of investors have unfortunately fallen victim to the Promissory Note scam which I previously listed in my Do Not Buy List in a prior Blog post. Here is the article from Investment News:

http://www.investmentnews.com/apps/pbcs.dll/article?AID=/20100106/FREE/100109917/1094/INDaily01

Remember when I said, promissory notes are just like Ponzi schemes. Low and behold, guess what? The guys stand accused of selling promissory notes that turned out to be . . . a Ponzi scheme! Didn't I say this recently?

Proof positive of two things. Promissory notes are Ponzi schemes and never doubt what I say is true. Keep Your Assets. Take My Advice.