# Another Ponzi scheme...

**URL:** <https://forums.speedlife.net/t/another-ponzi-scheme/63189>\
**Category:** NYSpeed Off Topic\
**Created:** [February 17, 2009, 12:58pm UTC](https://forums.speedlife.net/t/another-ponzi-scheme/63189 "2009-02-17T12:58:58Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Joe](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/joe/32/7219_2.png) [@Joe](https://forums.speedlife.net/u/Joe)\
**Post date:** [February 17, 2009, 12:58pm UTC](https://forums.speedlife.net/t/another-ponzi-scheme/63189/1 "2009-02-17T12:58:58Z")

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At least the SEC caught this one…hey, it’s only 10 billion!  
:picard:  
_[http://money.cnn.com/2009/02/17/news/companies/investment\_scheme\_accusation/](http://money.cnn.com/2009/02/17/news/companies/investment_scheme_accusation/)_

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**Author:** ![Penfold](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/penfold/32/5007_2.png) [@Penfold](https://forums.speedlife.net/u/Penfold)\
**Post date:** [February 17, 2009, 1:23pm UTC](https://forums.speedlife.net/t/another-ponzi-scheme/63189/2 "2009-02-17T13:23:25Z")

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I can bet there are plenty more waiting to float to the surface still.

I jumped ship in GE today, the market is heading nowhere but down for a while.