Jay Morrison & The Tulsa Real Estate Fund (Official Thread)
- Thread starter WheresWallace
- Start date
GoAggieGo.
getting blitzed.
Snake. Wolf in sheep’s clothing, both he and his wife.
the bossman
Superstar
Did people sign off on this? You would need liability forms for things like this, no?
This is why education is important. Real Education, not bullshyt knowledge.
Can't stand when nikkas try to use the support black business angle to scam people
Here’s how (laymen’s terms and I’m not a financial analyst)
he created a business where he was allowed to take money from investors, pocket some as a management fee, “invest the rest” into risky investments. If the investments don’t pan out, he’s already been paid.
investing in any business is a risk, so there was no guaranteed returns to investors on the investments, and the management fee is already paid.
if there are no dividends to give to people, he has no liability. It’s not a “scam” (I don’t think) according to the law, but he was able to hustle people into giving him their money for investments that were never fruitful.
If you pay me to gamble for you (let’s say I charge $2 on every $20 bet) you give me $22, I pocket $2 and gamble $20. You lost $22, the house made $20, I made $2. The risk is yours. It’s not a scam if I convinced you that I would win given there’s an inherent risk that I may lose, but it is a hustle
Because nobody got scammed, it's that simple, TREf still exists
how is it a scam?
Oh so he’s now a Tref ceo as well as a pastor?
1 other person
Superstar
Did you look at the report. He is the only employee. People that know him personally say that he is broke. He also file for Chapter 7 bankruptcy. It's a scam breh
What report?
Who got scammed? Tref still existsOh so he’s now a Tref ceo as well as a pastor?
Lmaooo
1 other person
Superstar
Really breh? The SEC report. Do you know how this works? Hope you didnt give this clown any of your hard earned money.