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investors planning on pulling up on jay morrison tomorrow in person
He is going the preacher route to wash his image. After he regains some credibility, he will come back and scam again. People like him cannot help themselves. The first lick was too easy...he will come up with another ponzi scheme. Too many gullible people out there.
@MrJayMorrison addresses @JullienGordon @PocketWatcherJT and tref about allegations of scamming
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Bruh said he raised 5 million dollars the first 3 days and only collected another 5 million the next 4 years lol. The only person that got paid and a house out of this is Jay. Bruh burned through 11 million and only left the investors with 500 grandHis excuse is that the trolls made him seem like a scammer so no one wants to do business/invest in the fund.
. Folk have been killed over 5 dollars and he’s playing with hundred of folks. He better hire security
… Bruh asked him why in the fukk would you build that big ass building in the middle of covid when every other big office is working from home
This has nothing to do with his salary from my understanding.
This is all babbleEmbezzlement is the misappropriation of funds for personal gain. While embezzlement is a form of theft, the key difference between embezzlement and larceny is that the money taken through embezzlement was initially entrusted to the embezzler through legal channels. Only after the money is obtained, does the perpetrator take the money for themselves.
These schemes can take on several forms. One way that embezzlement takes form is the Ponzi scheme. These schemes involve a central operator, often someone with a fiduciary duty like a hedge fund manager or a broker, who collects money from investors with the promise of high returns and dividends.
Instead of investing that money, they use it for their personal expenses. Since no investing is actually taking place, the operator relies on a steady stream of income from new investors to pay older investors, often called "robbing Peter to pay Paul." When the operator can't find new investors, the Ponzi scheme collapses as the operator runs out of money to pay dividends.
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That isn't what he said. He said the goal with 50 mil and he felt good about raising the whole 50 after raising 5 mil after 3 days. He said there was a backlash after 3 days and they only raised 11 milBruh said he raised 5 million dollars the first 3 days and only collected another 5 million the next 4 years lol. The only person that got paid and a house out of this is Jay. Bruh burned through 11 million and only left the investors with 500 grand
1 hours and 30 min mark is when shyt really go bad for him. I guess he ran out of paid actors and the real investors started acting questions.
I been watching this shyt all night. This shyt if fukking hysterical. This nikka pulled a Tariq & Umar saying his own people are holding him back due to slander and bad press which is causing him to lose investors and donors. Oldest trick in the book. Blame the same folks that you are taken advantage of. Just like Tariq he has a “legacy center” which is used for entertainment. They even talking about HvAC issues in 2 hour 20 min mark
