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Texting a friend you're not gonna cut in on the cash about your crime -- BWM https://gizmodo.com/couple-and-homeless-man-charged-with-conspiracy-over-4-1830472762
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Nov 16, 2018 05:57
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kimbo305 posted:Texting a friend you're not gonna cut in on the cash about your crime -- BWM quote:In an email to Gizmodo, a spokesperson for GoFundMe told us that the company is cooperating with authorities and that all donors will receive full refunds. “One fraudulent campaign is one too many, but when it does take place, we take action to protect donors,” the spokesperson said. They're getting sued for $400K.
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Nov 16, 2018 06:48
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I'm sure there are fraudulent campaigns on gofundme all the drat time but they're nowhere near as publicized so people don't find out.
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Nov 16, 2018 13:07
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Great mug shots though. First two are realizing just how hosed they are and the 3rd still thinks he's in a Wendy's drive-thru.  Oh man, from the NYT article... quote:After administrative fees charged by GoFundMe, the couple netted $367,108. All of the money was spent, according to Mr. Coffina. He said $89,000 was withdrawn in or around casinos and over $20,000 was spent in casino play. After GoFundMe sues them can they discharge the debt through bankruptcy or will the courts not allow that since the debt occurred during the commission of a crime? Krispy Wafer fucked around with this message at 13:59 on Nov 16, 2018 |
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Nov 16, 2018 13:55
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100 HOGS AGREE posted:I'm sure there are fraudulent campaigns on gofundme all the drat time but they're nowhere near as publicized so people don't find out. My wife's friend posted a sob story on Facebook about a year ago about how she was divorcing her husband and setup a GoFundme for $4,000 to cover legal fees (she's a CPA making well over 100k). I think it was only funded a bit over $1,000. However, she eventually reconciled with her husband, moved to California, and shuttered all her social media.
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Nov 16, 2018 13:56
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Panhandling: It’s not just for poors anymore!
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Nov 16, 2018 15:48
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Midjack posted:This is the main reason why prepper, zombie, and post apocalypse poo poo is so insipid for me; I'm dead in a week regardless of anything. I remember some story about a girl in Siberia or some crazy remote area surviving by eating their dog. So do that?
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Nov 16, 2018 16:09
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No don't, dogs are really sweet.
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Nov 16, 2018 16:19
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Dogs are savory
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Nov 16, 2018 16:59
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Holy poo poo, speaking of gold-chat: How to use the gold i have to clear my debts and invest for future ? quote:I want to clear some debts and also use some money for investments. I have 600K of debt and the gold current value is 1.8 times the debt. I have one year to clear the debt. This reply: quote:I don't understand. Why don't you just sell the gold?
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Nov 16, 2018 17:10
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Hoodwinker posted:Holy poo poo, speaking of gold-chat: I'm actually curious where you sell a million dollars worth of gold bullion and receive a fair price for it. I'm guessing the cost of having a million dollars of physical bullion shipped by armored car or something to some kind of secure metal purchasing facility is pretty loving expensive and then of course you pay some kind of spread on the spot price.
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Nov 16, 2018 17:49
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Simple: You sell ownership stakes in your stockpile to other goldbugs instead of the bullion itself. That way all you need to do is keep it in a secure location
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Nov 16, 2018 17:51
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BEHOLD: MY CAPE posted:I'm actually curious where you sell a million dollars worth of gold bullion and receive a fair price for it. I'm guessing the cost of having a million dollars of physical bullion shipped by armored car or something to some kind of secure metal purchasing facility is pretty loving expensive and then of course you pay some kind of spread on the spot price. Not a Children posted:Simple: You sell ownership stakes in your stockpile to other goldbugs instead of the bullion itself. That way all you need to do is keep it in a secure location Hint: a large X is involved.
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Nov 16, 2018 17:53
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I think that technically this calls for a tontine.
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Nov 16, 2018 17:59
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BEHOLD: MY CAPE posted:I'm actually curious where you sell a million dollars worth of gold bullion and receive a fair price for it. I'm guessing the cost of having a million dollars of physical bullion shipped by armored car or something to some kind of secure metal purchasing facility is pretty loving expensive and then of course you pay some kind of spread on the spot price. You can sell it to APMEX and send it registered mail in packages of less than $50,000 so you can still buy insurance. They will pay a good price and the shipping cost with insurance will probably be about $100 per package. There are probably special options if you actually wanted to send it all at once too but I would probably break it up into batches anyway.
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Nov 16, 2018 18:04
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Krispy Wafer posted:Great mug shots though. First two are realizing just how hosed they are and the 3rd still thinks he's in a Wendy's drive-thru. This is hilarious. So did the homeless guy actually get the $75,000, and then went public over this whole thing anyway?
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Nov 16, 2018 18:10
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Harry posted:This is hilarious. So did the homeless guy actually get the $75,000, and then went public over this whole thing anyway? I think way it came out was they got nearly half a mill and then homeless guy said they gave him next to nothing or were basically findomming him (on account of addiction. Stipulation being he had to get clean while they held it for him). Turned out they were living the good life that was the original twist, but now this is a twist twist and they were all in on it. To what extent it fell apart is anyone's guess but I can't imagine they thought their crime through since shutting the gently caress up would have been the best thing to do for everyone
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Nov 16, 2018 18:18
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Harry posted:This is hilarious. So did the homeless guy actually get the $75,000, and then went public over this whole thing anyway? They gave him a lovely car that broke down and bought him a trailer, but then made him move off the land they were letting him park it on. They also claimed to have paid for a couple of unsuccessful stints in rehab. Of course, at that time they insisted they had only pulled out 2 thousand for the casino (repaid immediately of course) and that most of the money was still there. So it's mostly lies. Blowing through $300k in a year must have been fun.
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Nov 16, 2018 18:24
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seriously so bad with money they could have turned their scam into a real investment opportunity
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Nov 16, 2018 18:29
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That story always seemed a little suspicious to me. While I can understand not just handing 400k over to an addict who "pawned the trailer they bought him for drugs" and blew through $75,000, the lack of a defined plan in place left me wondering. Not that the public is really entitled to know the full details. Other than the people who donated, perhaps. You had to know they were siphoning off money, and I guess if this thread has taught us anything, it is to always assume the worst.
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Nov 16, 2018 19:01
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Alan Smithee posted:I think way it came out was they got nearly half a mill and then homeless guy said they gave him next to nothing or were basically findomming him (on account of addiction. Stipulation being he had to get clean while they held it for him). Turned out they were living the good life His lawsuit, which started all the questions, claimed he received $75k. So he basically hosed himself over $50k if they split it 3 ways.
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Nov 16, 2018 19:10
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they were smart enough to make money via the public interest but not smart enough to know how the 5th amendment works the moment the knives come out the internet is great for making new criminals out of ordinary folk
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Nov 16, 2018 19:13
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BEHOLD: MY CAPE posted:I'm actually curious where you sell a million dollars worth of gold bullion and receive a fair price for it. I'm guessing the cost of having a million dollars of physical bullion shipped by armored car or something to some kind of secure metal purchasing facility is pretty loving expensive and then of course you pay some kind of spread on the spot price.
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Nov 16, 2018 19:21
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Harry posted:His lawsuit, which started all the questions, claimed he received $75k. So he basically hosed himself over $50k if they split it 3 ways. It’s an unstable arrangement, with both parties having blackmail power over the others with downside risk for the couple significantly above the downside risk for the homeless man. In the case of the couple, the downside risk is probably greater than the rewards, but the homeless guy would have no incentive not to push for more of the money given he has less downside as far as employment prospects or assets go. It would have been economically rational for them to pay him a payment stream equal in value to the potential loss of happiness that prison and unemployment would inflict upon the couple, but if the couple broke up, the whole thing could get uglier fast.
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Nov 16, 2018 19:33
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What’s the proper way to grift off public donations other than a PAC?
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Nov 16, 2018 19:46
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George H.W. oval office posted:What’s the proper way to grift off public donations other than a PAC? Set up a kickstarter for a new vaporware product, pay yourself a huge salary from the money as a part of the process and then, whups, didn't work out, thanks for the donations though. I mean, that's how we did it in my day, maybe they have made that more difficult now.
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Nov 16, 2018 19:50
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crazypeltast52 posted:It’s an unstable arrangement, with both parties having blackmail power over the others with downside risk for the couple significantly above the downside risk for the homeless man. In the case of the couple, the downside risk is probably greater than the rewards, but the homeless guy would have no incentive not to push for more of the money given he has less downside as far as employment prospects or assets go. I disagree, because his downside risk was the $75,000 he got away with free. While the couple obviously should have paid him an equal share (assuming that was even the original agreement), he's now facing a hefty prison sentence entirely due to his poor choices. Which is of course shocking to hear about when describing a homeless man.
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Nov 16, 2018 19:53
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edit: nvm
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Nov 16, 2018 20:03
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Paging Ron Swanson to the thread...
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Nov 16, 2018 20:39
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Harry posted:I disagree, because his downside risk was the $75,000 he got away with free. While the couple obviously should have paid him an equal share (assuming that was even the original agreement), he's now facing a hefty prison sentence entirely due to his poor choices. Which is of course shocking to hear about when describing a homeless man. By entering into this conspiracy with him, they create blackmail liability and honestly would have been NPV negative from that point on given the difference between the present value of their potential lifetime earnings before and after these charges relative to the money they scammed. He blew through his $75,000 and now has limited incentive not to defect and send them to prison with him if they don’t pay his shakedown. This only works out for the couple if he becomes a model citizen after receiving the money or fails to realize the leverage he has. He overplayed his hand in their negotiations after the funds were distributed, but that doesn’t change that they put themselves in this position by skimming from the GoFundme at all.
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Nov 16, 2018 20:44
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Harry posted:he's now facing a hefty prison sentence entirely due to his poor choices. Which is of course shocking to hear about when describing a homeless man. See, they did cure his homelessness.
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Nov 16, 2018 20:44
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Motronic posted:See, they did cure his homelessness. I always thought go fund me was a scam. I was completely wrong.
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Nov 16, 2018 21:20
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Hoodwinker posted:Holy poo poo, speaking of gold-chat: Other posts: quote:how to hire good remote developers ? quote:How to trade crypto currency from India after the Reserve Bank bans all banks from transferring money to crypto exchanges ? Now I really want to know what this guy was up to.
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Nov 16, 2018 21:35
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I watched an episode of Locked Up Abroad about someone who got busted trying to smuggle gold into Nepal to eventually smuggle into India. India has both a sky high demand for gold and a lot of weird import regulations around it
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Nov 16, 2018 21:52
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Inept posted:Now I really want to know what this guy was up to. Bitcoin early adopter cashed out into gold?
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Nov 16, 2018 21:56
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crazypeltast52 posted:By entering into this conspiracy with him, they create blackmail liability and honestly would have been NPV negative from that point on given the difference between the present value of their potential lifetime earnings before and after these charges relative to the money they scammed. The husband and wife were discussing a book deal so there was additional financial upsides in keep Methy McMeths Alot happy. I don't think they could have squeezed this peach for much more juice, but there could have been another casino trip in it for them. Ideally you keep homeless guy happy with regular payments until you've exhausted all grifting opportunities and then give him enough drugs to OD. Now your loose ends are tied.
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Nov 16, 2018 22:12
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https://www.reddit.com/r/personalfinance/comments/9xn4eq/future_mil_is_buying_us_a_house/ Future MIL is buying us a house. quote:Future MIL is getting a down payment for a house ~$250k, from her company since it's moving across the country. MIL and fiancee work for same company, but MIL isn't moving and will travel, but we are. She plans on buying a house, or at least putting up the down payment for us. The catch is, the house/ mortgage would be in her name and we'd be paying rent to her. My biggest concern is that we'd be paying more to rent from her than if we got an apartment with a shorter commute, while also not getting any of the financial benefits of owning a house. Fiancee is pissed at me because I feel like this is a really bad move for us. Hmm, nothing weird about this!
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Nov 16, 2018 22:25
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Nothing like not saving money, giving yourself a less convenient commute AND having an uncomfortable financial relationship with your in laws to boot
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Nov 16, 2018 22:36
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therobit posted:Yes, but the cost is spread over the entire year instead of having one short paycheck. Also, it would be a lot harder to justify taking 3 unpaid days without some sort of leave to cover it. Then it would be subject to manager approval, and if I didn't have a really good reason for it would be denied. I am basically guaranteed the time off if I purchase it through ther benefits program. My manager will start bugging me about it if all my vacation isn't scheduled by around August because we have a "use it or lose it" policy on vacation time, and they get poo poo from their managers if a bunch of their people have their vacation hours expire. Ah, these are all super good points. Thanks!
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Nov 17, 2018 00:43
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GoFundMe is the loving worst. The privatization of the social safety net is so fantastically BWM for society. "Well, hope I go viral, or I won't be able to afford chemo this month!" I loving hate it.
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Nov 17, 2018 01:12
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