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by jerf 5125 days ago
I might agree with you if it weren't for the strong stench of fraud coming off the whole enterprise. And I don't mean vague "I'm misusing the term Ponzi scheme" fraud concerns about the entire business model, I mean, accounting fraud. (And I also mean the term more colloquially than legally. It may be the case that their numbers are entirely legal, but still carefully spun to produce results that mislead people.)
1 comments

I am curious about this especially given their most recent 2012Q1 earnings which were solid and I am assuming from what I have read seemed to address the returns loss and other financial issues from previous quarters.