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Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - GMDino - 10-31-2018 Sometimes I do wonder if Trump is just a straight up conman or if he's too dense to even know what's going on and he just signs on to anything that when someone says they will pay him to do it. https://www.nytimes.com/2018/10/29/nyregion/trump-acn-lawsuit.html Quote:A new lawsuit accuses President Trump, his company and three of his children of using the Trump name to entice vulnerable people to invest in sham business opportunities. RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - Au165 - 10-31-2018 What is interesting to me is that, if one could prove that he received far more than the 1 million he claimed he was given to start his business does him selling that lie amount to fraud? He used a false narrative to dupe investors into believing in his "system" and in his general business acumen and therefor trusting him. If he lied about the results of said system in the advertising one would think it would fall under false advertising at the least. Would be interesting if this suit would be able to subpoena more of his financial records using this angle. My guess is he would settle before allowing that information to get out though. RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - Dill - 10-31-2018 (10-31-2018, 10:17 AM)GMDino Wrote: Sometimes I do wonder if Trump is just a straight up conman or if he's too dense to even know what's going on and he just signs on to anything that when someone says they will pay him to do it. The MSM fake news is always trying to bring Trump down by publicizing what he actually does. Just one more example of Trump hate. Go home MSM fake news. Telling the truth doesn't fool anyone anymore! RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - Nately120 - 10-31-2018 (10-31-2018, 11:02 AM)Au165 Wrote: What is interesting to me is that, if one could prove that he received far more than the 1 million he claimed he was given to start his business does him selling that lie amount to fraud? He used a false narrative to dupe investors into believing in his "system" and in his general business acumen and therefor trusting him. If he lied about the results of said system in the advertising one would think it would fall under false advertising at the least. Would be interesting if this suit would be able to subpoena more of his financial records using this angle. My guess is he would settle before allowing that information to get out though. It is a little cynical to think there isn't much difference between a guy like Trump pretending to be a self-made gazillionaire in order to get people to make lousy investments that don't pay off and a Nigerian on a 20 year old PC pretending to be a prince in order to get people to make lousy investments that don't pay off. In both cases, it's buyer beware and god help us Americans who are just a little too greedy and a little too naive to stop falling for this stuff. Trump is the infomercial president and we the people were sitting up at 2am flipping through channels just waiting to be given an offer that was too good to be true. So it goes. RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - Nately120 - 10-31-2018 (10-31-2018, 04:46 PM)Au165 Wrote: Not really, the Nigerian guy is committing outright fraud but jurisdictional issues prevent us in many cases from going after them. It is similar to people who claim to get big on muscle gaining supplements or those who claim they lost a bunch of weight. The FTC cracked down on them which is why now they actually have to have done it then disclaimer that the results are not typical. What they do now is get fitness people to gain a bunch of weight take a picture then take it off again to make them look like it was the supplement not in fact that they are fitness professionals who can do it without the items. I should point out that I believe my cynicism to be logical and reasonable. I'd go so far as to say the people who fall for the Nigerian prince scam and a decent portion of Trump's voter-base share similar demographics. This can go along with my post in the televangelist thread, too. Though, Peter Popoff's targets have gotten a lot more um...urban since his days in the 80s. RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - Nately120 - 10-31-2018 (10-31-2018, 04:50 PM)Au165 Wrote: The Nigerian is a money transfer scam, both con artists but a lot different in their procedures and what they are targeting. The Nigerians want people who want to make money for doing nothing but cashing a check for them. Trump was banking on the people who wanted to make money but didn't know how. What better advice than a guy who took a small investment and made it "yuge". If the starting amount was fraudulently portrayed then one could argue the whole thing from the start was a con...which it probably was anyways. That sounds more like those infomercials where people who have the secret to making obscene amounts of money on the housing market will (for some reason) sell you their secret for a small up-front fee. Or Jim Bakker using people's fear of social and economic collapse to convince people that money will soon be worthless...so give him your soon-to-be-worthless money and he will "love gift" not sell you some life-sustaining survival buckets of food. It's the advance-fee scam, and they are based on the idea that people can convince themselves that a little investment now can pay off big later. The person letting you in on this ticket to the good life is always someone of noble birth, or wild riches, or even divine favor. You lucky stiff! RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - GMDino - 10-31-2018 (10-31-2018, 04:56 PM)Nately120 Wrote: That sounds more like those infomercials where people who have the secret to making obscene amounts of money on the housing market will (for some reason) sell you their secret for a small up-front fee. Or Jim Bakker using people's fear of social and economic collapse to convince people that money will soon be worthless...so give him your soon-to-be-worthless money and he will "love gift" not sell you some life-sustaining survival buckets of food. Isn't that religion? RE: Trump Persuaded Struggling People to Invest in Scams, Lawsuit Says - ballsofsteel - 11-01-2018 (10-31-2018, 11:02 AM)Au165 Wrote: What is interesting to me is that, if one could prove that he received far more than the 1 million he claimed he was given to start his business does him selling that lie amount to fraud? He used a false narrative to dupe investors into believing in his "system" and in his general business acumen and therefor trusting him. If he lied about the results of said system in the advertising one would think it would fall under false advertising at the least. Would be interesting if this suit would be able to subpoena more of his financial records using this angle. My guess is he would settle before allowing that information to get out though. That is another fallacy. Born on third base? He was born five feet from home plate (starting out with over 400 mill not one mill like he claims). He should win an Oscar for one of the greatest acting jobs of all time (acting like he is smart and a srewd business man). |