What is it about the lure of get rich quick schemes that causes people to check their credibility at the door and buy into any cock and bull story of fabulous gold mines or oil gushers? Here's another story of investors pouring money into non-existent oil fields and gold mines.The Arizona Republic reports that "An unemployed Globe cattle rancher has admitted swindling 180 investors as part of a $7 million fraud scheme targeting Christians throughout the United States and Canada" by getting them to buy into a "purported oil company that was supposed to be worth $284 billion" and "gold mine deals."
So correct, Lee.
ReplyDeleteI always make sure that anyone pitching a sale to me has a legitimate Nigerian address. You can't be too careful nowdays.
Mining swindles on Christians make sense to a swindler - they want a gullible class of people who want to get rich quick and have no idea of the nature of their investment.
DeleteBe very careful about investing in gas wells, oil wells or gold mines. Even when NG gas wells
ReplyDeleteare on your property or you are in a production unit they sometimes are not very profitable. Believe me, I live in the core area of the Marcellus NG area.
I'm amazed at the number of questionable or suspicious if not outright fraudulent deals in Arizona that we hear about.
ReplyDeleteArabella Aston
The Arizona Republic reports that "An unemployed Globe cattle rancher has admitted swindling 180 investors as part of a $7 million fraud scheme targeting Christians throughout the United States... "
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