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If you are willing to share: How did you end up getting tricked and how can other people avoid the same.
by arlcode 3y ago
If you are willing to share: How did you end up getting tricked and how can other people avoid the same.
- jnwatson 3y agoIt was a pretty good scam. The scammer had a company that sold fractional profit shares in oil wells. Without getting too deep in the weeds, he sold the equivalent of more than 100%. He invested the proceeds of new investment in paying out old investors and buying new oil wells. Eventually he ran out of new investor money and the scheme unraveled. I don’t know how I would have caught it. The regulatory oversight in oil well finances is poor. The guy was on the lam for a few months, then sentenced to 10 years in Federal prison. He then escaped and hasn’t been found.
- arlcode 3y agoThank you. :)
- DANmode 3y ago> He then escaped Is this...common?
- harambae 3y agoMatt Cox talked his way out of imminent arrest, went on the run for 3 years, and was only discovered after his girlfriend slipped up and told something to the wrong person. So yeah it happens https://en.m.wikipedia.org/wiki/Matthew_Cox https://en.m.wikipedia.org/wiki/Matthew_Cox