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TelexFree owners: Investors were “assholes”, “dumb people”

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In order for owners and early investors of Ponzi schemes to withdraw money, they have to convince those below them to reinvest. Also referred to as “compounding” or “building”, in a nutshell non-existent money is recycled into more non-existent money, all the while real money is being pulled out by admins and early investors. Everybody winks [Continue reading...] Source: TelexFree owners: Investors were “assholes”, “dumb people”

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