InvestorsHub Logo
Followers 3
Posts 268
Boards Moderated 0
Alias Born 09/19/2013

Re: 1manband post# 4582

Monday, 08/11/2014 1:00:17 PM

Monday, August 11, 2014 1:00:17 PM

Post# of 12545
Gold is off the books; stock scams AREN'T.

What would happen to a stock scammer if the court found there was embezzlement or misappropriation of a corporation's funds? They might have to give the money back and do some time.

That's a lot different from trying to find partners in a mine and failing while keeping honest, accurate, detailed records of expenditures....but taking home a few hundred ounces of gold dust off the books.

If a scam were operated in the hypothetical way I outlined, they could say they did need to improve the roads leading to the hypothetical mine and they did need to repair, reinforce, and possibly expand the tunnels. It could be passed off as a legitimate expense.