Colli Real Estate

A Ponzi scheme gone bad

It's been 20 years since I started my financial management company called "Coin, LLC." All these years have passed and I still love the rush of getting up at 6 in the morning, shave, shower, take the 2 children in the school bus, knocking down two to three cups coffee and reading the news. Then log on to the software I have to follow the market Fellow. I trade in life. I buy and sell shares. I do good for others who are my clients. I give them a return on their money in Nice and he loves me so. What can I say? This is the perfect race for me.

My client is about 600 to more people. It has grown steadily over the past 20 years by word of mouth. Thinking about this, is very exceptional. My business has grown easily. Do not rely on advertising or door to door to beat the majority of customers. Simply, promising only a constant annual rate of return on their dollar investments by 15%. I started knowing I could do this kind of return. I knew since I was much more for me with my own money invested. I started with the intention to give 15% if you do 30% in one year, only 15% want to keep my own expenses. It seemed easy and harmless enough and I did. People trust me. Was it my attitude? Was somehow I have expressed the imposition of my voice? It was the way I wanted or seen? Maybe because I was not arrogant, in Either way they share my knowledge and I did. You do not know today, but I still have the ability to earn trust with others more easily. I guess that's a very redeeming quality.

This is the beginning, I was in the U.S. army. Back is 80, I enjoy reading Forbes, Money Magazine and the leaflet mutual funds and how the allocation of work activities. Also, things like what to do with their money for long-term investments, etc. Enjoy sucking all knowledge I could in my spare time between shifts. After a few years, my colleagues call me by my advice. Probably because I talked about personal financial matters and investments often that's what was always on my mind. Nothing I did it on purpose, just a hobby. On second thought, I do not think anything of it, just see this as an opportunity to help others who do not know what to do and could not trust anyone more.

In 1989 I realized after helping many of my fellow soldiers and friends at home that there was a sort of request for assistance. Three in the morning I could not sleep. For some reason, I wake up. Witness, in possession of the clock every half hour or so. Getting increasingly frustrated by the night went on. In 2 hours I thought "Shit, I gotta go to work at 6, maybe you should just drink some glasses of vodka, I Knock Out. "Although progress is not a good idea:" You can do this, you will drink until the bottle is empty and, finally, going to work drunk! "at 3 am, it struck me like a meteor landing in my space in the room!" Yes, that's what I do! I'll let my friends know that I can help by investing in them for them. It's a win-win situation for everyone! how excited I was to come to this idea. I could not sleep the rest night. But now I do not care if I lose sleep, I was too excited. I had to plan and write a few thoughts to tie all this together.

The next step came and went like a breeze. I was too focused on my hobby now to worry about anything else. Yes, the first emotion does not disappear after adrenaline a week or two, I remember. However, my travel career was just starting to move oil. Take the Titanic as the south-west to northeast. It's been a slow but once it has changed Of coarse it was full steam ahead. I was very happy with my new idea and began to say to all my colleagues I have lived and worked with the way I like to help them invest your money. I remember not having anyone to force me aa take your money. He let me know what was going to do for them and the word began to spread.

First, started with 5 people I was literally giving your money a few months. I think it was about a thousand dollars per person. It was all my military friends. In none of these days We have done a lot of money in the government so do not invest tons. Even less, five thousand dollars, over three thousand dollars I was full of things to work. The Internet was not there in 1989, so I had to call my brokerage to make an exchange. I did not do that too often the time for two reasons. One of them, I was abroad, which made it difficult for time zone changes and two, I could put the money invested in an aggressive mutual fund and withdraw 24% per year Why is that hard work? With reinvested dividends and capitalization was a breeze to pay my promised 15% have leftovers. I kept track of all dollars with a notebook, simply because they want to forget something. You see, we take much in those days. In part because we were young, alcohol was cheap, may be only for the family who knows all the reasons? Forgetting things are almost expected. It was a moment of pleasure at the moment. It was exceptionally enjoyable for me because I was a hobby that I love and helping others with it! What is a perfect place to be. I'm not sure exactly how to explain it. He felt, in some as God. There was a sense of hurry inside, a feeling of power, control, achieving in one box. The People who invested in me and the people who chose not idolized me for what I did. After a few years it seemed as if it were suspended in each of my words. Because no matter what I said, they could not get enough and ate everything it left my mouth. In my memory, I do not think I took for granted and did not intend to take advantage of anyone. It's just my trade agreement with each investor.
At that time, I do not think a rich man. I think he did well. How ironic: "Do what you like and continue to make money." I can honestly say that this happened.

I finished my 4 year enlistment in late 1991. Back to the place I came. A suburban dream in Upstate NY, outside of a city Rochester medium flame. Until then, there were about 40 of the soldiers who had been entrusted with at least a thousand dollars each. I do not think there was something that had more five miles from me by the income level people you associate. I was a guard in those days. I kept my savings and income reinvested earnings military $ 150,000, or what is generating revenue for the 40 of us. When I left I went home and decided to take a job that my neighbor gave me selling cars at a dealership of a good size. The reason he accepted the position has been always liked cars and thought it was a good market to play with them and use my time and invests that money back do not require my attention full time on my decisions on how to invest.
That career lasted about a year before I totally on it and I'm bored. You really have to be for something like 45 to 50 hours per week. You have to try to sell customers a car entry and remind customers who have not acquired, and everyone can think of automobile sales. This concept has been using me abroad. It was difficult, a bit like work and away from boring.
"Ah-ha, I thought, somewhere in 92." I know I can be a seller. This will allow me my freedom when they sit in a room stupid statement. have done for a few years, while investing more money for me and others waved their written statements of the money that was to their controls and distribution of dividends to each "customer". It was great during this period. I always spread the word of mouth with my friends here at home, co military was always in contact and met new people in my sphere influence. I should mention that although I was not in service longer, and in my early twenties mid-term review found that there were more people who met with saving more than I knew was there before. So when I came again customers, they are entrusting me with much more money.

In 1997, about 8 years after the beginning of my great idea, I had more 3 million dollars, I work with about 150 "clients". I have also trained on how to trade options and other investment risks that have contributed a serious dollars. The numbers began arriving drugs. I decided to quit my real Estate so-called race to do the only thing I like most. I was almost forced out from the negotiation and monitoring of all this money has been consuming most of my life now. real estate sales began to bore me too. You still had to work to get companies not to fall into your lap as the money did. During the '97 season, the computers were not fully effective and very expensive compared to the dollar today. I decided to take the time and buy one to try to keep a check on my investments and investors. This was necessary because I was overwhelmed. It took me a few days for everything to be settled, get the information loaded on my work computer and printer. Then I discovered a store in the Office any so you can buy software that would give me the models of different uses. The one I like is a generic statement. I thought it would be a good idea to use, and make me feel professional. I send "official statements" every quarter to my "customers". I have also printed luxury cards pleasant visit. Rationalization of me to delegate certain tasks was to hire a personal assistant. Interviewed and met a nice quiet girl named Sara. She started doing all my statements I ever undertook to pass. I just want to dictate the type of content and will be mailed. No questions asked. What my business from any how? Perfect for us. This saved me a long time.

Love was in the air around this time. My wife and I are married in the summer of '97. It was wonderful and beautiful it is. In these days when we had the court, she looked at me as if I were a sort of hero. Probably because all the things he had heard about my desire to make more money with the money they had to begin and all the good reviews that are offered to others. Also expected that I had an exorbitant rent and I will not disappoint. She spent ten thousand dollars per month, who knows what at the time.

In '97, I began to realize that the more money I had, it was increasingly difficult to obtain large benefits from it. There were several important reasons for this. One, back to the late 80s could throw money into a savings account and 8%, it is more along the lines of 5%. This is a small loss, but only shows that, because inflation was not all that has created more than rising interest rates, the rates were lower for "safe" investments. Also, be careful because you can not throw $ 4 million in one capacity or have problems and accusations of manipulation by the SEC etc.. So I had to work with quantities smaller than most of the time. This began to cause headaches, for me I kept promising a return of 15%, however, was not doing 24 40% of the total pot of money that I gave him some years ago. What bothered me some, but I've removed deeply inside. Everything will be fine, there are people every each investing more than me anyway.

In late 1998, was quickly over 10 million dollars of my control. It was still exciting and fun, but I have always received very nervous. I had to keep his money, do more with it and pay hundreds of my "clients". Not to mention that it was fair before the burst of the dot.com bubble in the stock market. I knew it was very overrated and it was a matter of time before we have a kind of correction. Each continued to invest and believe they can do something nothing wrong, all they have made money in the late 90s. With this type of mentality, the more "clients" are pulling money on me all the time hoping that he could not go wrong. This pressure put on me so I did some research to invest in or trade fear of the living shit out of me. Reports on investment was too high. Something was going to give, I do not know when.

2000 rolls fast. Only to keep what you want, and easily moved to $ 15 million of money controlled at the time. I had 2 houses, one in the Hamptons on Long Island and one in Canandagua Lake in Upstate NY, south of Rochester. The houses have a combined staff of 10 in my payroll amounts to somewhere around half a million per year for salaries and benefits righteous. Heck, the building that housed my collection of 30 cars cost price $ 2500.00 per month in the heat alone. And my wife was in some way to spend thirty thousand U.S. dollars per month. Our homes are in constant renovation and additions at this time because my wife needs a hobby too. I could not blame him since he was my perfect pastime. She seemed to find a creative outlet, whose homes redecorated all the time. Everything has been cut along with a couple of small ulcers at the outbreak the bubble!
The bursting of the tech bubble and 9 / 11 have been very stressful for me. Although not keep driving myself to some potential problems that might occur. For example, losing a lot of money in the stock market and fifteen percent of my "customers" asking them to take money from my account. I lost 15% of my "customers" because whenever statements indicating a return of 15% of their money and no losses. It is hard to do, but now do. There was no way I could say to someone who has lost some of their money. First, during the last hand full of so many years, many customers have been signed and I'm money and money does not grow as rapidly as in the past, my household expenditure was apparently out of control and I had a difficult time trying to track everything. I just made statements to cover all investors attempt to simplify and not a nervous person.

Well, anything that moves and 2002-2003. End 2003, had more investors flock than ever. This is mainly due to word of mouth as a money manager I could do no harm. I went along the difficult years with the returns shown in the declarations of many customers. They rejoice and have everything that was bright and intelligent as I knew your money. The money flowing into my mind as I've ever seen yet. In 2004, I honestly could say that I stopped keeping track of where the money was to be and / or d '. I kept track of "clients" because they had a statement and statements. At that time, I went from 600 clients and money by everywhere. The diversification of species, and there was plenty of it. I think when I was lost count somewhere around 60 million. In retrospect, should hire more staff and possibly myself as legitimate Certified Financial Planner and Stock Broker. Well, it was more effort I wanted to go to something I did not be bothered with.

Over the years, we entertain a lot. We have organized dinners, cocktails at the club. Someone at what excuse to party with friends. All these parties have been very generous. Top Shelf all the way. Sometimes you can hire limousines to collect and archive all the guests. Why do not we have such abundance that we went. He also helped cover up the underlying nervousness is still there. It distracts me from my spare time. Binge drinking it up in the holidays also helped me sleep at night too. If not drunk before going to sleep, I'm self-medication with sedatives before bedtime. I think that kept me sane some level. He kept the wolf knocking at the door.

There was a lifestyle most could only dream of. Certainly not tried to take for granted. I think it became more difficult as the years went buy thanks to those who have continued to treat me as a kind of God as FIG. Everyone in a place "yes" ed "me." I started thinking that I deserved, and it is my right to that wealth As in my life. I think that I or me, now, I'm not sure which. We flew via private jet. Shopping in Paris, on holiday in Monaco, has traveled through our heart desires. And hosting parties at our South Hampton to impress to all the big money as New York. He bought a penthouse in Manhattan as a status symbol. I even had a yacht for $ 25 million that is used around once a year.

Well, now, Halloween 2008. What would someone in my position now? This is the only question left to ask. Why Why? Do not ask. To date, had 2000 of 3000 "customers" trying to meet some or all of your investment dollars back. It started a trend down sharply in January 2008. All went well until now. I have been sending checks to those who wanted to retire. At the same time, print statements investors even more with me and trying to escape the downward spiral of the stock market over the year. I managed to save myself from most of the free fall, but lost something. I do not even think about not giving the number of people applying for their money. I thought it was no big deal, as in 2000/2001 time frame. No We were unable to withstand the storm and move on. This time was different. I think there is a real fear translated by the average person. Well, with the housing market in the leg, the crisis bank and all. There are too afraid from now then. July '08 has reached a new bottom in the stock market and the number of withdrawals doping. Now, Oct. '08 and saw another new development in the bottom of the stock market, seizures are at a record level, the automotive industry is crumbling and the financial crisis still booming. It is so bad that interest rates are below 47 years and lenders will not lend money to consumers as they did. Consumers buy them all. There is a certain fear of real people. We have a history in the making now.

I am in my cash last 6 million U.S. dollars. There Not long ago, I know I was somewhere over 100 million dollars. Where can I go? I mean what I say to investors last carry the bag? For the love of God, What should I tell my wife? 6 million dollars! I can not live with it, much less pay more requests for cash and try to pay dividends on it! This is bad. He could come clean, but that would mean a prison sentence because they have never been certified as a financial planner or broker. I am only 41 years. In jail? Could then the rest of my life in jail? Is this an option? If I come back clean, there would be a blow to me? What I see on my shoulder until I got into my car, turned the key and explodes!? Talk about stress, I think keeping everything a secret is much easier to get clean.
What are my options then? Well, it might work in another country. But then I live with the terrible guilt of leaving my family and deal with Fall Out living in poverty, as they have known. Could you out? Could I live with that knowledge? Do not know.

For there seems to be only one option for me to explore. But I want to go? Hanging from a belt or something? No, I can not do that. What if my family finds me? Not good. About what pills too? No, this is not graphic. What's the hose nozzle in the car with the garage? Nice thought, but also to trace the family for me. Indeed, the garage is too large, no doubt survive. I know I will have to take the whole family with me. Yes, it's my best answer. Just make sure that is quick and easy. I have the perfect solution, we rented a small house in the Adirondacks for a weekend. We all go and let go the line supply of natural gas for hot water tank or furnace to create a leak. So when we all go to sleep … …

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