Comments on: The P2P / Pathway 2 Prosperity Scam, Nick Smirnow Update – U.S. and Canadian Authorities Can Still Use Victims’ Help, Common P2P Questions Answered!

By: wow gold guide

wow gold guide — Sat, 31 Jul 2010 08:50:42 +0000

I’ve search for such software for a long period.13. How nice you are！Thank you very much.

By: ricardo

ricardo — Tue, 25 Aug 2009 04:29:20 +0000

I lost 3500$ in this investment I came later because I gave my money 5000$ in june 2008. I received only one payment.
I think to many people still take care. For me it’s clear I lose my money and I still work very hard now.

By: Mr. Ryz

Mr. Ryz — Sun, 23 Aug 2009 01:56:03 +0000

Jean-

Indeed there are tax deductions for “bad investments.” Unfortunately, I’m not sure exactly what you’re entitled to and how to claim it under these circumstances.

For example, if you purchase a security that becomes worthless in the U.S., I believe you are allowed to take a tax deduction for that given year. However, Nick Smirnow’s ponzi pooling may not be classified as a “security.” Sorry, but you’ll probably have to ask a tax specialist on this one.

- Mr. Ryz

By: fiatgirl7

fiatgirl7 — Sat, 22 Aug 2009 21:50:11 +0000

I lost 16199.00 too much!! trusted my friends..in FLorida a few made a bundle in the beginning..a whole bank joined..is this tax deductable
as a bad investment??

By: Jean M. Baier

Jean M. Baier — Sat, 22 Aug 2009 21:45:55 +0000

I was a victim in Florida through
there is a whole group down here that did make a bundle in the beginning in O7′ and I lost 16199.00$ yeah a true believer and trusted these friends..BBT bank
employees I opened the acct. them STP.I wondering if this is tax deductable as bad investment?? 561626-3946 call anytime

By: Mr. Ryz

Mr. Ryz — Wed, 19 Aug 2009 02:51:59 +0000

crownzaucer-

Yes, I suppose I can agree with that for the most part.

I too have seen quite a few ponzi scheme cheerleaders demand that “naysayers” leave them alone to continue their scam involvement because they are “adults” and “willing to assume the risk.” I can also recall a few examples in which case these “adults” then blamed the government for this misfortune.

Sad to see many people justify their involvement in a ponzi scheme by playing the “I’m an adult” card and then immediately move to a status of taking absolutely no personal responsibility when it becomes convenient for them. You see these examples to some extent in nearly all major HYIP / Autosurf ponzi schemes.

- Mr. Ryz

By: crownzaucer

crownzaucer — Tue, 18 Aug 2009 04:14:21 +0000

I agree with that prediction Mr ryz. It really bothers me to see some people whine to naysayers about being full adults and having the right to choose to invest or gamble in these things, and then soon enough when the bubble bursts they’re griping about the government not doing anything. You refuse to do research and gamble? I say face the consequences and shut up. Your money is gone. Learn from it and get on with life. You have no right to cry for help when you shove away and insult those who tried to help you from square one.

By: Jose

Jose — Fri, 14 Aug 2009 00:18:25 +0000

Yes this was a scam.

NO the people that promote it shuldn’t get a free pass

We let you off the hook when I get my 600 dollars back how about that??

By: Rockin007

Rockin007 — Thu, 13 Aug 2009 07:18:15 +0000

lol this program was such a joke. I had friends begging me to try it for weeks and just to get them to shut up I finally gave in and took a couple hundred from my savings.

Guess I should have gone with my gut after all, surprise surprise right? The p2p site was just plain dumb and didn’t even mention how all this money was being made. I guess I’m supposed to trust some mystery canadian joker with my hard earned money because he claims he can double it?

I don’t know if the people cheering this on are on crack or just completly stupid. I can tell you one thing, I learned to never bother with this bullshit again. If your promised lots of money for nothing hey guess what? It’s a SCAM!!!!!

By: Mr. Ryz

Mr. Ryz — Tue, 11 Aug 2009 03:37:55 +0000

crownzaucer-

I agree with you 100% on that one. Unfortunately, in our legal system, it takes a considerable amount of time to sift through a scam of this magnitude and reach the “refund” process.

You have to appoint a receiver, battle the ponzi scheme operators in court, collect all remaining monies involved in the scheme, attempt to recover the profits from members or “investors” with the largest gain, satisfy the court and receiver fees, agree on a refund plan, and then start distributing refunds to all victims who qualify.

This process can take years; you may not like it, but that’s just how it all works here in the U.S. As seen with similar ponzi schemes, some people who are currently screaming at the government to take major action against Nick will start griping up a storm if the government does find him and recover a large portion of his remaining funds. This is because many ponzi scheme victims do not realize the time and expense required to combat these scams.

Some are delusional to the point where they seem to expect that once the criminal is caught, they will immediately receive a 100% refund check in the mail the following day and “all will be well.” Unfortunately, that’s not possible in ponzi scheme aftermath.

“Damned if you do, damned if you don’t.” Yep, I suppose so. Either way, the government is bound to get the finger from some angry P2P victims.

- Mr. Ryz