There are a lot of people trying to figure that one out. First of all, he claimed to have some super secret software that did automatic investing that was designed to get a 4% return a month (48% annual uncompounded). Could be he just set the expectations too high.
Second question is if he...
While there was greed, there apparently wasnt any brains. The best I can figure (and several others I have talked to) he spent it all.
$19.9 mill on paying back investors
A little over $2 mill on starting and running legit (but not profitable) companies
about $2.5 mill on advertising...
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.