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Over $1 billion got flushed in our community in the past 3 years by rogue investments
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There's another thing, every few years,
every I would say every few months,
there's a new Ponzi scheme growing every
few months. This guy buys buildings in
Georgia, this guy buys buildings in
Texas, and this guy
gold mines, and this guy has oil fields.
And
millions and millions and millions get
flushed down every single year. Do not
trust anybody with a penny of your
money, and I don't care if it's your
best friend that comes into shul that
has a great investment. He will take
away all you have. You want to buy
yourself a piece of real estate, you
want to be in the management, you want
to go in there, you want to drive down
to the building, you want to have your
own buildings,
go for it. Is in the height.
But to take your money, give it to a
fund manager, to give it to someone else
to manage it for you,
he will take your money. Believe in me,
so fast.
And I'm telling you, in this area,
Lakewood, Monsey, Boro Park, in the last
3 years, over a billion dollars, you
hear me? Over a billion dollars got
flushed down. Finish showing me my job
is guilt.
Gone. Over a billion dollars on these
investments. And all of those
investments started off well.
Everybody had beautiful sheets, Excel
sheets, and they sent you an email with
600 pages. You tell me you have ever
read one of these pages? Do you
understand anything that it says in
these pages? Did you send it to your
lawyer? Did anybody verify it?
You don't know he's my associate. He has
this Cadillac, he comes to shul and he's
the tailor. You don't know he is flying
his private chopper, his private jet. He
gets to shul and
he takes all your money, he takes it and
he flies in his private choppers.
Do not invest by private individual any
money.
And even to find a good fund manager is
also not easy. To find someone that's
ehrlich and begleit to make sure that
your money gets put into the right
places.