Man headed to prison in fraud scam (TX)(Put your SS money here)

Star-Telegram ^ | May. 19, 2005 | Bill Miller

[Rodney King]

(Put your SS money here)

What does this have to do with social security?

[Dubya]

In place of paying into SS and getting some benefits back.

Just get some good private investments similar to this one.

Then when time comes for help and the money has been missed used the tax payers can start bailing the people out who lost their money in private accounts. I have my SS and I want be around to have to bail out the ones who do lose.

If happen to be around and could help I would.

Not all people know how to invest.

Dub

[calex59]

I think he was refering to the fact that the scam involved older people, in effect he was saying the the con man was telling the older people to "put their SS money right here" presumably into the con man's hands.

[Rodney King]

In place of paying into SS and getting some benefits back. Just get some good private investments similar to this one. Then when time comes for help and the money has been missed used the tax payers can start bailing the people out who lost their money in private accounts. I have my SS and I want be around to have to bail out the ones who do lose. If happen to be around and could help I would. Not all people know how to invest.

As far as I know, there is not a single SS privatisation plan that would allow investments with crooked local brokers. All would be similar to large 401K plans with tight regulations. Learn a few facts, or go back to DU.

[Rodney King]

I think he was refering to the fact that the scam involved older people, in effect he was saying the the con man was telling the older people to "put their SS money right here" presumably into the con man's hands.

No, I think he is a DUmmie.

[Dubya]

OK Boss. LOL

[Snoopers-868th]

Boy did this guy get punished.

8 years and a few more free but under supervision for some $23 Million.

Sentencing for a white-collar crime is a crime.

Wonder if an employee had stolen $23 Million from his company if the sentence would be the same? I didn't even put in that he is to pay it back because it appears that it is accepted that he will not be able to.

[festus]

This guy should have everything liquidated to raise funds to pay for the fraud and if thats not enough he should be forced to sell his organs to....

[Dubya]

he should be forced to sell his organs to....

LOL

[kcvl]

Not all people know how to invest.

Most of those people were obviously elected to Congress and spent the SS money YEARS AGO on PET PROJECTS to get them RE-ELECTED!

[af_vet_1981]

Larry Tyler, the former securities salesman from Fort Worth who pleaded guilty last fall to defrauding nearly 500 mostly elderly clients, was sentenced Thursday to eight years in prison. U.S. District Judge Barefoot Sanders also ordered Tyler, 51, to serve three years of supervised release after he gets out of prison and to pay $23.8 million in restitution to the people he scammed.

If the judge were seriously interested in restitution for the victims he would sentence the man to work now. He will hardly be able to feed himself at age 59 after 8 years in prison (and an early release won't help much).

[Dubya]

Most of those people were obviously elected to Congress and spent the SS money YEARS AGO on PET PROJECTS to get them RE-ELECTED!

True.

If the past and present congress, senate and president had left the money we paid in to SS there would be plenty of money in the SS fund.

Another reason no one should serve over two terms.

[Dubya]

There you go using common sense. :^)

[dakine]

TSP accounts...google it...

[Bonaparte]

"I am deeply sorry that my clients lost money based on my advice," he said.

When a liar and a thief is caught dead-to-rights and convicted -- and then makes a statement like this to a judge, you know you're dealing with a psychopath.

[Southack]

"Then when time comes for help and the money has been missed used the tax payers can start bailing the people out who lost their money in private accounts. I have my SS and I want be around to have to bail out the ones who do lose." - Resident Democrat

You must not be Black, because SS rips off Black men, and will continue to rip them off (and their families), until SS is privatized.

As Social Security stands today, you don't draw benefits for retirement until age 67, you see. But the average Black man dies at age 65.

So after working his whole life, getting taxed out the wazoo and paying into SS, the average Black man doesn't get one thin dime in retirement benefits from SS because he doesn't live long enough.

However, if you *PRIVATIZE* Social Security, then whatever is private is *yours*. You could even will that privatized SS money to your heirs, so that even if you die at age 65, at least your family gets your privatized portion of Social Security.

But without *PRIVATIZATION*, your Social Security retirement benefits (there are other forms of SS benefits, but they are a small portion of the total) stop when you die. And if you die before age 67, then your SS payments stop before they ever get started.

Thanks for playing, but all that money that you paid into SS goes to someone else...your family won't get it.

...unless it gets privatized first.

You see, the government can't play with your privatized SS funds. Those funds are yours, just like your bank account. You get to decide what to do that privatized SS money, and even if you die, at least your family gets the benefit of all that you paid in to SS.

[Bonaparte]

"... it appears that it is accepted that he will not be able to."

That's what they say, but they have no way of knowing what assets he has offshore or in numbered Swiss.

[Dubya]

You must be a nut.

[Southack]

I'm tiring of you, troll. If you can't behave, then you don't belong here.