Date: December 05, 2012 06:18PM
This is really sad that our system has come down to judgeing people in the court of public opinion. It sounds like there are many assumptions being made that a completley free of fact.
When one invests in business there is a risk. Hence there can be a return if the risk has not taken the return away and caused a loss.
People invested money for a high return and lost it. There is inherent risk in this kind of activity. There was no intent to defraud, unless the money went somewhere other than disclosed.
From the facts that are available to the public, it looks like some people lost money on a risky venture and want someone to blame. All you have to do these days is yell ponzi or fraud and you can get attention.
The SEC documents show no wrong doing by Mr.Linford and since Raymond Morris and some of the others have been sentenced to jail time and Mr. Linford was not even imposed with civil penalties, I would say that the comments here are unfounded.
I am quick to say that I have lost money the same way but it does not mean that I was defrauded, I took a risk and lost.
Grow up people!! Know the facts before you launch the attacks.