Enter The Jdragon

DPT Cart Flipped Over in SF

Pictures by Ben Mullin

 

Spurs Eliminated

Forget the Alamo, they've gone fishin'!

Another Ponzi Scheme Bites The Dust

I'm always very weary of get rich quick schemes and those too good to be true types of investments.   A ponzi scheme concocted by Metro Dream Homes is yet another bad chapter in the shady world of mortgage scams. 

More than 1,000 people were defrauded out of about $70 million by a group advertising the dream of homeownership in what turned out to be a nightmare Ponzi scheme, federal and Maryland officials said Monday.

Investors were told they were investing in ATM machines, television advertising and calling card kiosks that would raise money for the mortgage payments. But prosecutors say those businesses never made any money.

Instead, prosecutors say the investments were used to pay company salaries of up to $200,000 and maintain a fleet of luxury cars and a staff of 10 chauffeurs. And company officials allegedly traveled to the Super Bowl and the NBA all-star game with investor money.

read more...

Pontiac is Gone

"We Build Excitement"...or they haven't since the 80's (see below).

Spoiled Kid + Ferrari = Crash

What a lousy way to destroy a $300k Ferrari F430...this kid is going to be grounded for sure (if he's still alive).