DMG how does it work? Double your money in 6 months

pavo says on Sep 25, 2008, 08:52:

For the record I personally wouldn't put a cent into this much less stand in that huge line. But, it is a phenomena that has grown by huge proportions in Colombia.

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vicshere says on Sep 25, 2008, 08:54:

off topic bud come on????

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pavo says on Sep 25, 2008, 08:55:

Isn't this a forum on Colombia? How is a major pyramid scheme in Colombia off topic? Major topic on the news down here lately.

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pavo says on Sep 25, 2008, 08:56:

And it's Mr. Bud to you

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Bill Turley (Moderator) says on Sep 25, 2008, 08:57:

Any scheme that makes such a promise HAS to be phony. I remember a scheme of making bracelets when I lived in S. Florida. It collapsed to much fanfare in the news. A friend of my wife's lost a couple of thousand $$

Mr. Bill Somondoco

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pavo says on Sep 25, 2008, 08:58:

Hi Bill... This one has been going on for 7 years now. No one has been ripped off yet. Lines around the building there on the autopista con 200 -.

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Mononoke28 says on Sep 25, 2008, 08:58:

Isn't this the whole pyramid scam stuff they've been talking about and killing people over?

Diana

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pavo says on Sep 25, 2008, 08:59:

That's right.

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ColombianoGringo (Moderator) says on Sep 25, 2008, 08:59:

These scams happen all over Colombia. They usually pay out the unrealistic returns to the first investors so that they tell everyone in town about it. Once the masses put in their money, the scammers shut down and skip out to some other town. Anyone that invests in these schemes is stupid and greedy and deserves to lose their money.

I'm so hip, I have difficulty seeing over my pelvis. - Zaphod Beeblebrox, Former President of the Galaxy and inventor of the Pan Galactic Gargle Blaster

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vicshere says on Sep 25, 2008, 09:00:

there is no colombia in your OP BUD A.

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pavo says on Sep 25, 2008, 09:01:

There is no Colombia in 80% of the OPs. Did you look at the youtube video? That certainly looks like Colombia to me.

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vicshere says on Sep 25, 2008, 09:02:

i dont open links on PBH bud

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ozgringo says on Sep 25, 2008, 09:02:

I guess everyone is looking for an easy dollar. Just a very unsophisticated ponzi..

tried to think of something deep to write here.. but couldn't think of anything..

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lpdiver says on Sep 25, 2008, 09:05:

144% APR yeah sure and it's all legal and no one has been ripped off. I have some ocean front property in Arizona I'll be glad to sell you real cheap!

ts

Remember what the monkey says, "Fuck money it's free"

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kat1 (Moderator) says on Sep 25, 2008, 09:16:

they are all scams.

♥

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pavo says on Sep 25, 2008, 09:20:

That's it KAT. Thanks. you knew what I was talking about.

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juli says on Sep 25, 2008, 09:38:

So Lila how many times have you doubled your money doing this?

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webmanco says on Sep 25, 2008, 09:39:

Monopoly from the banks, and DMG who knows. I had been offered things alike in Villavicencio (Villavaina)

Captacion de dineros.

No hay extremo cierto o verdadero, porque los extremos opacan, enruedan, (lavan cerebros) verdades. Yotas

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kat1 (Moderator) says on Sep 25, 2008, 09:40:

neva!! :)))))

♥

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sloopskipper says on Sep 25, 2008, 09:43:

Sure smells like a variation on The Ponzi scheme. I think you wouldn't want to be late to that party.

Seems that some people think "everybody's outa step but me".

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quantum says on Sep 25, 2008, 09:44:

And this has been going on without a hitch for 7 yrs? Sounds something like the Villalobos Bros in Costa Rica. They actually paid out an average of 3% per month for 27 yrs without a hitch, until right after 9/11 when that operation and many others thruout the region went south. Chased out of town by govt investigators, and various of them already in jail or awaiting prosecution.

quantum

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nine inch nails says on Sep 25, 2008, 13:09:

Pure frieken magic that's how. Then poof your entire principal magically disappears in a year's time!

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aussiesam says on Sep 25, 2008, 19:45:

BEWARE

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Peter (Moderator) (Dev team) says on Sep 26, 2008, 03:41:

It's an obvious scam. They take your money, pay some people with your money, once they have a lot dissapear. I can't believe anyone falls for this.

Poor but snappy

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ujay says on Sep 26, 2008, 06:30:

lila,
always nice to see that smile.
i sent you an e mail ,did the doc ever get back to you ,
have a nice day.

http://www.jukelightning.com

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Tinto (Moderator) says on Sep 26, 2008, 13:48:

You don't want to find your name or your business on one of these org charts:

(open and then scroll down)
http://www.treas.gov/offices/enforcement/ofac/programs/narco/narco.sht...

or your name as a "specially designated national"

http://www.treas.gov/offices/enforcement/ofac/sdn/index.shtml

I wanted access to health care, housing and education, but, no, I get potholes, trash and silicone tits instead. -Desi.

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pobrecito says on Sep 26, 2008, 14:32:

http://en.wikipedia.org/wiki/Ponzi_scheme

"In the first quarter of 2008, many Ponzi schemes are flourishing in Colombia.[36] Those schemes for which complaints are filled are the only ones that the Colombian police has been able to stop and have their organizers detained. Curiously, an organizer of one of these schemes was in fact a policeman. There are many Ponzi schemes going on right now, and even though they are quite popular and, as of February 2008, at least one of the organizers publicly admitted operating what can be defined as a Ponzi scheme, authorities haven't been able to act legally against the people behind organizations such as "People Winner" which have strong support from individuals who have already got their profits."

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Noelito40 says on Oct 4, 2008, 15:52:

I’m surprised it has taken so long for the subject of the DMG to come up on PBH, as in the past year, almost every conversation I have had with the in laws or with friends has at some stage mentioned this phenomenon.

I have neither invested nor considered investing as logic would dictate that the rates offered by the DMG are unsustainable, however as I have heard so much about them and know so many people who have invested the company intrigues me. Thus the questions I pose are

If the destination of their funds is dodgy, why is it that at least 3 government investigations have turned up nothing illegal with them?

If this is a pyramid or money laundering operation, why are they keeping such a high profile? They have a huge office on the Autopista, covered in DMG banners? Also, on Cable Noticias last week (Think it was a talk show called Semana) I watched the lawyer for the DMG (who I know has some “interesting” clients) go head to head with the former superintendicia fiscalia, and at the end no one was any the wiser on whether DMG is legit or not?

For those of you interested I have heard that this week’s edition of Dinero will have an article on the DMG, should make for interesting reading…

I’m still intrigued…

Noelito

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pavo says on Oct 4, 2008, 16:26:

Thanks for validating my thread. I was told at the beginning that I was off topic.

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romy says on Oct 4, 2008, 19:02:

I read the guy that started this is already living in Panama... I wonder why???

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ujay says on Oct 4, 2008, 20:15:

here is how ,and this way you get paid.

http://www.jukelightning.com

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gorgonabob says on Oct 5, 2008, 08:14:

only a idiot would put money into that... and granted there are a lot of idiots around so itll probably do well for a while... but when they run out of idiots.. watch out

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pavo says on Oct 5, 2008, 10:39:

Same odds as Vegas?

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bogotaboy says on Oct 7, 2008, 10:23:

latest about dmg

http://semana.com/wf_InfoArticulo.aspx?IdArt=109157

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jimmymcc says on Nov 13, 2008, 13:57:

DMG, so far is not a scam I have been in it for two years now and my friends for 4 years, and you do double your money, you have two options you can get paid monthly or every six months, I use both, and it beats working for a living.
Even if I loose all tomorrow I have already doubled my money so no problem.
What I can see is the people that slag DMG off are the ones listening to gossip. yes all the other companies were pyramids but still people put money in to them, these are the ones that didn't listen,
DMG has just bought one of the supermarkets here in Armenia, are people going to say this is a pyramid too or did theu use drug money, maybe discount cocaine at xmas.buy one get one free.

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corporalgator says on Nov 13, 2008, 14:37:

A pyramid scheme and a money laundering scheme is not the same thing. A pyramid scheme's goal is to get as many people in on it for as long as possible before bailing. Since this one has been paying back double for 7 years, it's obvious they aren't just paying the tier just above the bottom, but paying back everyone.

A launder's point is to disseminate money through as many hands as possible so that it cannot be tracked. For instance: they have 10 million dollars, but can't spend it because it will be traced back to them as drug money, so they swap it for 5 million clean dollars, but because they are giving it to people a little at a time, it's harder to trace it back to the source. Now, it is still eventually traceable and the only logical conclusion that can be drawn is that the investigators are on the take also.

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