Do you think......

TV Buff · TOP Guru

RE: Do you think......

Colombiana4Life · Foro Master

Mastropiero wrote:

Mermaid wrote:

I read the articles, and apparently what he was doing was "illegal" , but he made it look legal. Smart guy.... but it was not a FRAUD... people (clients) was getting money out of it . DMG was basically investing the money in the companies that were created by them, and also investing outside Colombia. That s why I undestood. I might be wrong.

You should forward your sources to God

@ God: That's funny man ...promoter hahaha...but that thing almost become a religion down there...I don't need to google cause I read the news from the actual sources... I have a big issue everytime I read CNN or any other Gringo news, just read the local and trusted sources (I wish I could read Arabic to know what's really goingo on in the Middle East). ... I have s0me the simpathy on this group just because the poor was getting finally los pesos in the rural areas instead of the usual monopoly of the bank...they were making money illegaly but they were also playing to be Robin Hood (or Vladimiro Montesinos ).

@ Dogo: I wish I know all the details but I only have an idea, as they were using a lot of politicians in the congress and governors to make run their business smooth without legal implications...this is an article that might give you some high level ideas...

http://ca.news.yahoo.com/s/afp/081118/business/colombia_economy_finance_company_dmg

Yup, the ppl in colombia that lost money in this are making a big stink but supporting the company.

Mastro - you should listen to Olimpica Estero Medellin, they are making all kinds of jokes and "parodias" about it. LOL. I guess at times like this you should have a bit of a sense of humor.

Mastropiero · Guru

Mermaid wrote:

I read the articles, and apparently what he was doing was "illegal" , but he made it look legal. Smart guy.... but it was not a FRAUD... people (clients) was getting money out of it . DMG was basically investing the money in the companies that were created by them, and also investing outside Colombia. That s why I undestood. I might be wrong.

You should forward your sources to God

@ God: That's funny man ...promoter hahaha...but that thing almost become a religion down there...I don't need to google cause I read the news from the actual sources... I have a big issue everytime I read CNN or any other Gringo news, just read the local and trusted sources (I wish I could read Arabic to know what's really goingo on in the Middle East). ... I have s0me the simpathy on this group just because the poor was getting finally los pesos in the rural areas instead of the usual monopoly of the bank...they were making money illegaly but they were also playing to be Robin Hood (or Vladimiro Montesinos ).

@ Dogo: I wish I know all the details but I only have an idea, as they were using a lot of politicians in the congress and governors to make run their business smooth without legal implications...this is an article that might give you some high level ideas...

http://ca.news.yahoo.com/s/afp/081118/business/colombia_economy_finance_company_dmg

Mermaid · Guru

I read the articles, and apparently what he was doing was "illegal" , but he made it look legal. Smart guy.... but it was not a FRAUD... people (clients) was getting money out of it . DMG was basically investing the money in the companies that were created by them, and also investing outside Colombia. That s why I undestood. I might be wrong.

God · Foro Master

Mastropiero wrote:

I read the headline from CNN and before I finish it, I could tell how much research that reporter did...

Fraude??...NO.. None has lost the money, in fact thousands of irrate people has shown support to DMG and has run manifestations against the government, people don't evebn want to give back the prepaid cards to get their money back. Illegal?? Now that everything is uncover...yes, it was a big money laundry machine!!..but it was support by politicians in the congress that help it look legal to the rest of the country...

But for the average people was presented and it was a legal company...their money maker!! and they are outrage because all they care is that the money was getting to their pockets.
@ God:
I know money don't grow on trees, and the nature of the business was the issue not a scam to the people.
This is not your average scheme as the journalist is describing (it looks like his source is a paisa from his closest convenient store in Miami)
But how maquiavelesque and smart DMG plan was, I know this is long but will give you a better understanding of what was really going:

http://www.semana.com/noticias-nacion/secretos-dmg/117998.aspx

No man do a google search and you will find no one or two...you'll find few MAJOR news venues reporting the same. For the average individual the words FRAUD and MONEY in the same sentence are not very appealing.

Just wondering .... are you DMG Promoter ?

Dogo · Comandante

Como funciona/funcionaba DMG, exactamente? Tienes un link?
Curiosidad nomas

Mastropiero · Guru

I read the headline from CNN and before I finish it, I could tell how much research that reporter did...

Fraude??...NO.. None has lost the money, in fact thousands of irrate people has shown support to DMG and has run manifestations against the government, people don't evebn want to give back the prepaid cards to get their money back. Illegal?? Now that everything is uncover...yes, it was a big money laundry machine!!..but it was support by politicians in the congress that help it look legal to the rest of the country...

But for the average people was presented and it was a legal company...their money maker!! and they are outrage because all they care is that the money was getting to their pockets.
@ God:
I know money don't grow on trees, and the nature of the business was the issue not a scam to the people.
This is not your average scheme as the journalist is describing (it looks like his source is a paisa from his closest convenient store in Miami)
But how maquiavelesque and smart DMG plan was, I know this is long but will give you a better understanding of what was really going:

http://www.semana.com/noticias-nacion/secretos-dmg/117998.aspx

God · Foro Master

Another Link

http://www.cnn.com/2008/WORLD/americas/11/20/colombia.arrest/index.html

God · Foro Master

There ya go...I was right....it has FRAUD all over

http://www.msnbc.msn.com/id/27824330/displaymode/1176/

Mastropiero · Guru

Dogo wrote:

Mastropiero wrote:

DMG...is an investment company where they would give you like 150% or 200% return of yopur investment in two months you just have to buy these prepaid cards...I know it sounds a "scam" but I was the most eskeptic until my friends back home started investing there (One of them invest 15000 dls and and got 25000 dls back two months later, the other ones started with small amounts, cause it looked too good to be true, but they got the same result, How???? I don't know, but it's a legal company and they are going to release their business secrets this week (but according to their lawyers everything is legal)....too bad for them because the big Pyramid scam that just happen there drag them into the same hole, but there are manifestations going on all over Colombia to support this group.

As per real state in South America, I'm mostly familiar with Colombia and Brazil. Despite the recent economic recession, real state is blooming thanks to security democracy brought by this goverment , cheap labour, construction incentives and all the other benefits of buying apartamentos en planos... which would save you about 30% of the cost. (The only thing that sucks right now is the dolar rate, as it has been getting weaker compared to pesos)
But the main profit can be obtain from the countryside land...which in some areas is really cheap due to the violence issues (60 acres=10.000 dls), and as the areas are getting safer the prices have been exponentially growing....so to me it's a good time de pescar en rio revuelto.

A descent house here will cost > 300.000 dls when you can buy 4 big, luxurious houses in planos for the same amount....

I'm not saying it's the panacea but I see a lot of uncover opportunities that are no even an option for me if I try to invest here.

It's probably something like ASD (the DMG thing)

When you say buy 'en planos'... what does that mean? pre-constrution?

I'm not super familiar with the Colombian real estate, (although I'm always curious, and always look at Cartagena and Santa Marta's apartment prices), but I agree about investing in SA.... It's much more doable and also, you'd probably get a lot more in return by saving a ton on Canadian taxes, when reselling, collecting rent, or what-have-you.

When the sh.it hit the fan in Argentina you were able to get an apartment by the beach in Mar del PLata for 7-8 grands, now the same apartment is about 50Gs. You were able to get apartments in smaller beach cities for THREE gands!!You could buy a small home or a duplex, in Buenos Aires, for about 25Gs
Now everything is 5-6 times as much! I can't believe I didn't see it coming

-- Edited by Dogo at 08:23, 2008-11-21

I guess is the same....I haven't looked much into the real states options here...but I guess you can get all kind of bargains like that. I wouldn't think of keeping them for renting like people do here...I would buy them pre-construction....get the bargain, no taxes and then sale them once they are finished (2 year) and get a very descent profit. I'm gonna start with one for now, and I'll take it from there, if worst come to worst I'll keep it for me and my family.

Cartagena, Sta Marta o are already established and getting pricey os those are not my first options...but there are some other town beaches such as Tolú, Coveñas o Guajira, Capurganá that are as beautiful, exotic and definitely waaay cheaper. Right now there has not been the construction blooming as those areas are not that far from violent groups reach, but I'm thinking of buying only land for now and as the situation gets better and people feel more confident on going there, I have no doubts the prices are gonna go up...

The economy/politics here are too conservative and stable, so this kind of situations would rarely happen
I guess in our case it's more about taking advantage of the political and economic inestability of the region

I remember when that happen in Argentina... there was no cash out only los "bonos" it was very surreal..so people was so desperate for cash that they were selling their properties for almost nothing.

Traditional investments are just falacies where all your profits will go towards your nursing home or medications, but I think where there is a problem....there is an opportunity....specially for investment. So who knows..maybe this global crisis might bring other oportunities to Canada biggrin ... cry

Dogo · Comandante

Mastropiero wrote:

DMG...is an investment company where they would give you like 150% or 200% return of yopur investment in two months you just have to buy these prepaid cards...I know it sounds a "scam" but I was the most eskeptic until my friends back home started investing there (One of them invest 15000 dls and and got 25000 dls back two months later, the other ones started with small amounts, cause it looked too good to be true, but they got the same result, How???? I don't know, but it's a legal company and they are going to release their business secrets this week (but according to their lawyers everything is legal)....too bad for them because the big Pyramid scam that just happen there drag them into the same hole, but there are manifestations going on all over Colombia to support this group.

As per real state in South America, I'm mostly familiar with Colombia and Brazil. Despite the recent economic recession, real state is blooming thanks to security democracy brought by this goverment , cheap labour, construction incentives and all the other benefits of buying apartamentos en planos... which would save you about 30% of the cost. (The only thing that sucks right now is the dolar rate, as it has been getting weaker compared to pesos)
But the main profit can be obtain from the countryside land...which in some areas is really cheap due to the violence issues (60 acres=10.000 dls), and as the areas are getting safer the prices have been exponentially growing....so to me it's a good time de pescar en rio revuelto.

A descent house here will cost > 300.000 dls when you can buy 4 big, luxurious houses in planos for the same amount....

I'm not saying it's the panacea but I see a lot of uncover opportunities that are no even an option for me if I try to invest here.

It's probably something like ASD (the DMG thing)

When you say buy 'en planos'... what does that mean? pre-constrution?

I'm not super familiar with the Colombian real estate, (although I'm always curious, and always look at Cartagena and Santa Marta's apartment prices), but I agree about investing in SA.... It's much more doable and also, you'd probably get a lot more in return by saving a ton on Canadian taxes, when reselling, collecting rent, or what-have-you.

When the sh.it hit the fan in Argentina you were able to get an apartment by the beach in Mar del PLata for 7-8 grands, now the same apartment is about 50Gs. You were able to get apartments in smaller beach cities for THREE gands!!You could buy a small home or a duplex, in Buenos Aires, for about 25Gs

Now everything is 5-6 times as much! I can't believe I didn't see it coming

-- Edited by Dogo at 08:23, 2008-11-21

Mastropiero · Guru

the DMG thing?...of course sounds too good...
But:
- If you put the money
- their business is legal (or from your concern and accountability point)
- And you get double the money and all the people that invest on them get the money...l (I haven't heard of people complaining that they lost their money until yesterday the guvernment shut it down)..
Wouldn't you be tempted to try?

http://www.cipcol.org/?p=474

God · Foro Master

Mastropiero wrote:

DMG...is an investment company where they would give you like 150% or 200% return of yopur investment in two months you just have to buy these prepaid cards...I know it sounds a "scam" but I was the most eskeptic until my friends back home started investing there (One of them invest 15000 dls and and got 25000 dls back two months later, the other ones started with small amounts, cause it looked too good to be true, but they got the same result, How???? I don't know, but it's a legal company and they are going to release their business secrets this week (but according to their lawyers everything is legal)....too bad for them because the big Pyramid scam that just happen there drag them into the same hole, but there are manifestations going on all over Colombia to support this group.

As per real state in South America, I'm mostly familiar with Colombia and Brazil. Despite the recent economic recession, real state is blooming thanks to security democracy brought by this goverment , cheap labour, construction incentives and all the other benefits of buying apartamentos en planos... which would save you about 30% of the cost. (The only thing that sucks right now is the dolar rate, as it has been getting weaker compared to pesos)
But the main profit can be obtain from the countryside land...which in some areas is really cheap due to the violence issues (60 acres=10.000 dls), and as the areas are getting safer the prices have been exponentially growing....so to me it's a good time de pescar en rio revuelto.

A descent house here will cost > 300.000 dls when you can buy 4 big, luxurious houses in planos for the same amount....

I'm not saying it's the panacea but I see a lot of uncover opportunities that are no even an option for me if I try to invest here.

mmm sounds too good to be true.

Mastropiero · Guru

DMG...is an investment company where they would give you like 150% or 200% return of yopur investment in two months you just have to buy these prepaid cards...I know it sounds a "scam" but I was the most eskeptic until my friends back home started investing there (One of them invest 15000 dls and and got 25000 dls back two months later, the other ones started with small amounts, cause it looked too good to be true, but they got the same result, How???? I don't know, but it's a legal company and they are going to release their business secrets this week (but according to their lawyers everything is legal)....too bad for them because the big Pyramid scam that just happen there drag them into the same hole, but there are manifestations going on all over Colombia to support this group.

As per real state in South America, I'm mostly familiar with Colombia and Brazil. Despite the recent economic recession, real state is blooming thanks to security democracy brought by this goverment , cheap labour, construction incentives and all the other benefits of buying apartamentos en planos... which would save you about 30% of the cost. (The only thing that sucks right now is the dolar rate, as it has been getting weaker compared to pesos)
But the main profit can be obtain from the countryside land...which in some areas is really cheap due to the violence issues (60 acres=10.000 dls), and as the areas are getting safer the prices have been exponentially growing....so to me it's a good time de pescar en rio revuelto.

A descent house here will cost > 300.000 dls when you can buy 4 big, luxurious houses in planos for the same amount....

I'm not saying it's the panacea but I see a lot of uncover opportunities that are no even an option for me if I try to invest here. hmm

Dogo · Comandante

Amway is not a pyramid. The concept IS "pyramidal" so you DO have to get people involved to make money and you're in it for ever, but not a pyramid per se.

I'm curious... What is 'DMG'? and what do you mean by "invest in real estate in South America"? Where? What's hot? (I know for a fact that Bs. As. real estate is super hot, but I doubt that's what/where you mean)

Mastropiero · Guru

Noo that's no it...Amway and all that crap are pyramids, aviones whatever you want to call them...but this guys were actually making money without needing to get other people involved (my friend invest 10 millions and got 15 millions after a 3months)...sadly the guv just tore them apart just yesterday arguing that the business was started with money from narcotrafic....and that's why all the people that invest money there are angry with Uribe... they were getting profits of 150% in 3 months...it was a real money maker!

Colombiana4Life · Foro Master

Mastropiero wrote:

Colombiana4Life wrote:

Due to the economy, it is a good time to seek new employment?

Do you think in the type of industry you work for?

People get sick and get older no matter what so my employment is economy-proof
If anything I would go Independent investing my savings in real state in South America....or starting something like DMG(you should know what it is) here...

DMG. LOL. My mom and i were discussing that the other day. That sucks for those that got involved.

I think the same as you in the sense that for example, the health care industry, I dont think it gets affected greatly, if anything, because of the economic stress more ppl get sick, etc.

As for the DMG, arent things like Primerica and Amway something of the sort?

Mastropiero · Guru

Colombiana4Life wrote:

Due to the economy, it is a good time to seek new employment?

Do you think in the type of industry you work for?

People get sick and get older no matter what so my employment is economy-proof biggrin
If anything I would go Independent investing my savings in real state in South America....or starting something like DMG(you should know what it is wink ) here...

latina4evrgp · Guru

I now someone that is on UI right now and just came back from vacation.

She left her secure job to go work at this other place to be let go.

Mermaid · Guru

I say the same thing as God,... even if you think that you are not "too" safe. Right now people are being let go in many companies from different industries. I also was speaking with a girl that she almost got fired, it was between her and another co-worker. Just because she was technically hired first , the other girl was let go. So, your seniority in the company is also taken in consideration.

God · Foro Master

mmmm I would say nope....if you are safe in there stick for a while.....

Colombiana4Life · Foro Master

Due to the economy, it is a good time to seek new employment?

Do you think in the type of industry you work for?