Remember the Le-Nature drinks? They had like iced tea and lemonade. Catchy name right? They tried to give it a French angle or something. Only, Le-Nature in French doesnt mean "the nature", though I dont think. I guess they were saying the drinks were natural. Which they weren't. Now the company is bust. But that aint the best part. The guy who ran the company, Greg Podlucky (what a name!), was just indicted with a few of his other cronies for running a Ponzi scheme against the creditors of Le-Nature.
Innocent until proven guilty and all that for this assclown Podlucky, but, that's gotta be one thing "Uncle" Bernie Madoff has done for us: opened the SEC's eyes that there might be OTHER Ponzi schemes going on. Starts to make you wonder if anybody had a legitimate business in the last 30 years. In the meantime, stocks continue to go higher. Ponzi schemes? Oh that's soooooooooo 2008.
depends on who u know kevin. if u r tight w/lotsa folks w/lotsa wheat, they'll buy stuff if they like u. u may have more fun however cleaning sewers over the next 10yrs than banging yer head against that wall..
Posted by: fletch | September 28, 2009 at 07:08 PM
OK, question. I am 29 years old, an amateur investor, and about to take a position with a company as a financial advisor/planner. The position includes life and disability sales, annuities sales, 401Ks, 329s, mutual funds, etc etc etc, and salary is 100% commission. Should I worry about getting lumped in with Madoff and his ilk? Not gonna lie, I am slightly worried that the last 2 years has left so bad a taste in people's mouths that they will just stick every penny in a local bank savings account, and I am up a creek.
Posted by: Kevin_In_Philadelphia | September 28, 2009 at 06:21 PM