Replies to post #80734 on Inca Designs, Inc. (fka IDGI)

[mzurosky]

LOL you're defending Madoff? Biggest Scam artist there ever was. The returns that he was providing investors were substantially higher than the norm... wouldn't you be suspicious?

-Matt

[hot-penguin]

nobody had a gun to their head to invest with Madoff.

[ctinvestor]

That's your take on it. This was a ponzi scheme in which there were no investments. Basically he was taking the money from the bottom levels of new investors to make payments to the people on the higher levels. As long as the economy was good and he continued to have investor's the scheme worked. There were no investments. And as soon as people started to feel the squeeze of the economy they needed money and started pulling their investments out. Stacy was probably on one of the very bottom levels and they are saying you might get .30 cents on the dollar of your original investment back. Sounds like IDGI, but we'd be lucky to get that much back.

Sue