At great personal peril, I am going to throw a different slant on this
conversation, mainly because I believe that Hugh, and possibly Trevor, had nothing
but good intentions, and hate to see their names thrown around in this
Many people would include my name in that list as well. So, here's the
reality from an honest person, who had nothing but altruistic intentions, but ran
into horrendous problems.
Most of you know how hard it is to stay in profit using your own money, in
this arena. Let's take a worse case scenario, and say you charged up a credit
card at, say, 21% APR, and lose that money. Know the feeling? Okay, first
of all, this violates one of the fundamental rules of playing this game
successfully. I mean, if you had to borrow the money on a credit card, then you
probably, didn't really have it to lose, right? Okay, bear with me fior a
moment while I exercise some old counseling techniques, and ask you to take a
moment to feel the sickening feeling that came from losing that money. Not
pretty is it?
Now, if you were counting on that money, to pay your credit card bill, and
you do not have the money to pay it without those funds coming in, what do you
do? In one way, or another, you juggle. Either you pay some bills this
month, and let others go unpaid, and try to make up the difference next month,
by paying the ones missed this month, and then missing others next month, or
if that is not an option, then you may borrow money on another card, to make
the payment on the first, but for how long will that last? If you keep that
up, then you are just compounding interest in the wrong direction, and getting
further, and further, in debt. Either way, that sickening feeling just
keeps getting worse, each month.
But wait, a new flavor of the month program just came out, and everyone is
joining it because it REALLY does seem to be the answer to your prayers.
Since you know you can't keep going the way your going, then, IF, everything
really seems to be in order, you decide to go for broke, and borrow money on
another credit card, but this time you borrow more, so you can invest enough so
that the returns will cover both credit card payments, and hopefully bring in
a little profit to. Sound familiar to anyone? Bad strategy? Sure it is,
but what else can you do? There's no way you're going to get that first credit
card paid off any other way, and you can't keep charging one card to pay
another. So, you try it.
Now, whether this scenario works out for you, or not, is not my point,
exactly. My point is, either way, does this make you a criminal, or evil? If
borrowing money to pay your debts, were criminal;, then much of the world would
be in prison.
Okay, you've probably sensed where this going. Take that sickening feeling,
and multiply it ten, or so, times, and you can begin to get an idea of what
it feels like to an honest person who winds up losing thousands of dollars of
other people's money, with no visible means for recovering it, or earning
enough to replace it. Life is unpredictable people. Life is what's happening
while we are making other plans. Honest people have problems, just like
everyone else. No amount of due dilligence will tell you the future. No amount
of preparation can safegaurd you against every potentiality.
Niow, to more directly address the names that were presented in this email,
I will start with Hugh, as he is the one I know the best, with the
understanding that what is said here, stays here. When I first realized that I was
having a problem making the monthly payments, payments, but before I knew the
full extent of the situation, a member of this group introduced me to Hugh,
with the hopes that he might have some possible solution for me. After one
email, and one phone conversation, Hugh sent me $60,000 to my ebullion account
the same day, just to help me out of a bind. Now, if that were not amazing
enough, he loaned me this money, at a lower rate of return than he was paying
his members for their money. So, this was not money that he considered as part
of the members money, it was from profits.
However, right after he did that, several things happened. First of all,
his ebullion account, or rather, his computer, with his ebullion information,
was hacked, and over $90K was cyphoned out instantly. He didn't even tell me
about that at first, because it happened the same night he sent me the funds,
and I suspect that he in initially suspected me of the theft, since we did
not know each other hardly at all, and it happened right after he sent me the
money. Then, very soon after that, he was blindsided by his credit card
merchant account, getting frozen, causing all sorts of havoc with his business,
Paypal, and bank accounts. he has never fully recovered from these problems.
We have even jointly approached several projects since this time, which all
wound up taking even more of our money. BUT, that makes neither of us
criminals. We are simply trying to regroup, so we can pay the people we owe. It's
that simple. Now, having said all of that, I have to admit, that I don't
really know Hugh, all that well, outside of the above mentioned activities.
But what I do know, is that when he felt he had the funds, he was more than
willing to help me out, in a huge way, with no alterior motives. That does not
sound like a scammer to me.
As for Trevor, he was still paying people who had invested with Stormpay,
right up until the SEC closed his shop. He is the only person I know of who
was doing that, other than myself. Not being able to comply with a government
agency which doesn't want you to exist, is not necessarily criminal either.
Had the SEC left them alone, I was almost compounded to the point of their
programs being able to cover my monthly payments. I have heard reports of the
SEC appointed receiver actually sueing members who made a profit, to get that
money back. Now that's criminal.
Okay, I hope you all received this in the way it was intended, and that is
merely as another perspective on this whole arena, from the other side of the
fence. I guess I'd better go put on my big boy undies, because I can predict
a firestorm as soon as this hits your inboxes. LOL
.Take care, and God bless all.
In a message dated 1/9/2008 6:27:12 PM Central Standard Time,
So many times over the past 12 months I have heard the
"but he was such a nice guy" reaction to being
scammed. Principle examples are trevor reed of
colonendparenthesis and most recently the banjo
playing con artist Hugh De Neal. Both came across as
being quite otherworldly, honest, caring, etc.
[Non-text portions of this message have been removed]
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