Coin firm investors wonder where shares went

  • Article by: Dan Browning , Star Tribune
  • Updated: May 28, 2011 - 7:24 PM

A Minneapolis coin firm sold shares in itself. Now some investors want their money back.

  • 23
  • Comments

  • Results per page:
bob12345May. 28, 11 8:09 PM

I'm selling shares of my new business in rare dog feces. Please send checks quickly, this opportunity won't last long.

43
2
pitythefoolsMay. 28, 11 8:12 PM

Someone offered 1500% return in 90 days and this guy bought it?! He got what he deserves. The sad thing is, there are lots of really, really good startup and growth companies in this State that can't get money to do so because they have honest management who tell honest stories about the business and provide reasonable risk and returns. If you have money to invest, do your research and put it into something that looks to be a good business with a reasonable return. A get rich quick scheme is a good way to get poor quick.

39
2
rovinnumskulMay. 28, 11 8:53 PM

i don't know what happened to the money(try looking in your pocket) i hope their is a long prison sentence in your future.

19
0
jrswanMay. 28, 11 9:35 PM

This is a story that has been and will be retold forever.

28
0
SupervonMay. 28, 1110:18 PM

This story sounds familiar. There was a guy running for government office that said he would change everything and the rich would pay for everything. I didn't believe him, either.

13
25
merkinMay. 28, 1110:35 PM

I guess there really is a sucker born every minute. All you need is a slick sales pitch and they'll sign over their life savings to you.

Amazing.

24
0
tcatheartMay. 28, 1111:24 PM

The cliche` rings so true..."If it sounds to good to be true, it probably is." In this case, it certainly was. Give someone $25,000 and in 90 days, they'll give you $375,000 back. Any reasonable person's BS meter would be going off.

27
0
monkeyfurbalMay. 29, 1112:02 AM

wow. Feel sorry for these folks. I lost $100,000 in a ponzi scheme 8 years ago. My lesson was learned. I've been able to make that money back 10 times over in the stock market, but that $100k still pisssses me off.

9
18
mbudnickMay. 29, 1112:03 AM

So his plan to make a 1500% profit on his investment didn't work out? Shocking!! I have some ocean front property in Arizona for sale, cheap!

23
0
monkeyfurbalMay. 29, 1112:04 AM

I lost $100k in ponzi scheme 8 yrs ago. I've made it back 10 times over in the stock market since then, but those were ugly times back then.

1
17

Comment on this story   |  

ADVERTISEMENT

Connect with twitterConnect with facebookConnect with Google+Connect with PinterestConnect with PinterestConnect with RssfeedConnect with email newsletters

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

question of the day

Poll: Can the Wild rally to win its playoff series against Colorado?

Weekly Question

ADVERTISEMENT