Oh, it just happened (MLM)

If you guys are curious
The product claims to be an effective anti-oxidant.

http://www.protandimscams.com

The doctor who's name the company has attached itself with (and who claimed to of created protandim) is just a hired-name who had nothing to do with the "development" of protandim, which was created by a person with no scientific training or credentials whatsoever
- http://www.protandimscams.com/lifevan...-lie-about-the-creation-of-protandim/


All of the research done on it refers to the TBAR level in judging its efficacy, a proven bullshit indicator
http://www.healthmlmscam.com/tbars-an-unreliable-test-of-oxidative-stress/


Financials wise, I'm not going to go in and read their latest quarterlies-- the entire business is built on a failed business model for fuck sake.
http://finance.yahoo.com/q/is?s=lfvn.ob
Look at results from operations this quarter.. lost 47 million and their entire market capitalization is like 140m

I am fucking livid and completely impotent to do anything. There's no reason to think she won't continue throwing good money after bad when the time comes and the stock pumping these cocksuckers are doing is no longer working on the average retard.. and she doubles up "getting it at a lower average price"

lol

Thats fucked up, not even the money aspect of it but just the fact that someone you care about is getting exploited like this and not being able to do anything about it.

this is the same disbarred lawyer guy who spent time in jail who sold it to her right? sorry if this has been covered before but is your grandma aware of his past? do you know what specifically got him disbarred/sent to jail?

It is an obvious case where you have to go to your Grandmother and say, Who is worth more to you, You(her grandson) or a lawyer+scam company. Tell her she has to choose you and sell out all her shit and stop MLM forever, or lose her grandson. No money, illusion or profit is worth losing family, if she picks the lawyer/scam, she prolly needs to see a doctor/psychiatrist because she has got some sort of problem

I don't mean to be an asshole but isn't kind of her own fault? I mean, unless she is suffering a pretty bad case of Alzheimer or whatever, it should be possible for her to use her own cognitive abilities and make a weighted decision on what's right and what's not...

Anyways, I'll try and bring some constructive along as well... Can't you just be brutally honest to her and try to make sure she won't make those mistakes again? Maybe it would help if you get your mom/dad (whoever is her kid) or any possible uncles/aunts along to get your point across... They can't like the foresight of your grandma possible going bankrupt because she is 'investing' her money in phoney companies...

my grandma has dementia and was withdrawing around 500$ per day from the bank and no one in the family knew what she was doing with it...in the space of 2 years she spent all her savings. my mum found out and became power of attorney over all her assets. you should look into this. not sure what the rules are in the US but in ausstralia it can happen

As I said in the previous thread.... which was conveniently ignored for some reason....

If you care AT ALL about her you should get your family (or you) to file a court order for power of attorney so you can get control of her finances so she cannot do stuff like this.

Obviously, reasoning doesn't work with her nor anything else you have tried. There's really only one thing left you can do which is the above. And as you can see I am backed up by julep saying the same thing.

22k? I would start breaking thumbs and what julep said. I would srsly consider making him think I am batshit insane and threaten to kill him if ur grandma puts more money into it.

Terren,

FWIW I mentioned the jist of your situation to a family member who was a district judge of ND for 20+ years and lawyer for like 15 or something before that (now retired), and his suggestions are 1) contact the consumer fraud division of your state's attorney general office, and 2) contact the securities commissioner.

i don't know if this helps but good luck either way.

hmm never knew about power of attorney, that is a very good idea

As you stated this already happen, can't you ask a court a guardianship order to protect her from those kind of situations ?

abstract of a study carried on this particular problem :

Exposing Financial Exploitation of Impaired Elderly Persons There is a dearth of medical publications on financial exploitation of elderly persons, but a significant amount of information on this subject is contained in the literature of other disciplines. Financial abuse accounts for up to one-half of all types of elder abuse in the United States, accounting for over 500,000 victims. Psychological abuse, including deception, intimidation, and threats, always accompanies financial exploitation. Despite the devastating emotional and financial losses incurred, physicians are reluctant to recognize, diagnose, and assist impaired elderly victims of financial exploitation.

More about getting guardianship for elderly parent :
http://www.agingcare.com/Articles/how...ianship-of-elderly-parents-140693.htm

22k?! Holy shit wtf, how can she be scammed for such large amounts like this? Wtf could they possibly do to motivate her to dump this much money on her first run?

Oh well, when she loses the 22k maybe then she'll own up to the fact that she's been taken advantage of.

I feel you man.. makes me angry just thinking about it

On October 31 2011 17:19 bigredhoss wrote: Terren, FWIW I mentioned the jist of your situation to a family member who was a district judge of ND for 20+ years and lawyer for like 15 or something before that (now retired), and his suggestions are 1) contact the consumer fraud division of your state's attorney general office, and 2) contact the securities commissioner. i don't know if this helps but good luck either way.

Agreed, time to roll in the big guns, first priority is to get her money back, then after that find a way to stop her spending it in such ways.

I really hate that people like these MLM people live on this planet.

Does she want to play HU poker?

that's pretty brutal. sickest tilt.

looool I edit OP to make it more clear she invested it into the company's stock (it hurts to use the word "invest" here tho), so its money in play and it represents a big step cuz she's never put nearly this much money on the line.

there was a keyword in the 2nd sentence of op, at the end there

REGARDLESS it is still basically setting money on fire if that it isn't divested, sooner the better

Sell the stocks then?

Maybe your grandmother has a problem. Research to see if she could be suffering from some sort of compulsive gambling type addiction thing here. Perhaps she is just doing this for the thrill of it. Unless she's rich, 22k is way too much money to be dropping for a first investment. Most people tend to dip their toes in the water, get their feet wet. She just dove right in like "lulz fuck it!".

buying at 5 year high in economic turmoil

PROFITTTTTTTTTTTT!

I told you to sit down with her man. I told you to suggest other projects and keep close tabs on her money and you refused to believe that your money was really about to take off.

tsk tsk tsk

what did you end up doing since you made the first post anyway?

my guess is that youll pull the trigger on what YOU think you should have done in the first place and be 1 step behind now. i tohught you were a poker player man, how can u not figure out the right options? its like i'm reading a 25nl hand lol

sorry this i s happening to you, u must feel defeated

u don't understand

it isn't that easy, in any respect, to take away your grandmother's handling of her finances. she isn't retarded, exactly, she is fully lucid and it would be an incredible blow to be told she could no longer have control of her own money.

if I went after the scammers instead, well I don't really know how. I can yell and threaten them and then they can call the cops on me or I can tell them the facts of why I oppose them and they can ignore that (cuz they know obv..) and just know to start building shields specifically against me via grandma


there is no way to win at all here

if shes lucid explain it to her. If shes not hacked her account and sell the stocks (heres a tip the password is your birthday)

talked to my dad about this. i guess one of the first things to go as you get older is the power of discernment. she might not have any mental disease yet but sounds like she lacks the above.

only thing you can do is get power of attorney over her money

stuff like this makes me feel bad for those people. i hope you get some vindication

On November 02 2011 14:32 Night2o1 wrote: if I went after the scammers instead, well I don't really know how. I can yell and threaten them and then they can call the cops on me or I can tell them the facts of why I oppose them and they can ignore that (cuz they know obv..) and just know to start building shields specifically against me via grandma there is no way to win at all here

These arent the right threats. Scammers prey on the ignorant, you need to sound like you're educated in the manner. Threaten them with legal assaults, let them know you have an attorney, that you will call the BBB, your state attorney general, etc etc. Someone else in here mentioned some of the legal entities that would apply (You're both in Thailand right?). Threatening to kneecap them in a parking lot is just gonna let you laughed at. Threatening to sue them over fraud will get their attention. But dont just go threatening them right away using these buzzwords, because they'll see right through it. Do some homework first so you can sound like know wtf you're talking about.

Or just let your grandma learn the hard way. If she tries to send them another 50k after losing the 22k, then she has a problem and it's time for real intervention. Someone needs to declare her mentally unfit to handle her finances or something. Otherwise hopefully she'll just give it up once she gets burned for the initial 22k and finally owns up to the fact that she's not that good at this sort of thing and that she has a big bullseye painted on her forehead. I'm sure there's a certain element of pride at stake here, and until she admits it to herself she'll continue to think she's right and you're wrong. Let the facts speak for themselves.

On November 02 2011 14:32 Night2o1 wrote: u don't understand it isn't that easy, in any respect, to take away your grandmother's handling of her finances. she isn't retarded, exactly, she is fully lucid and it would be an incredible blow to be told she could no longer have control of her own money. if I went after the scammers instead, well I don't really know how. I can yell and threaten them and then they can call the cops on me or I can tell them the facts of why I oppose them and they can ignore that (cuz they know obv..) and just know to start building shields specifically against me via grandma there is no way to win at all here

did you look into my suggestion? -__-

i agree with you that trying to away her power to handle her own finances is probably not the way to go unless you are truly at a dead-end with no other options left, regardless of whether it works or not (and if she's still lucid as you mention it probably won't) there's a good chance it would ruin your relationship with her.

1) contact the consumer fraud division of your state's attorney general office, and 2) contact the securities commissioner. gogogo

I'll see if I can get a number and call those people up to see if I can get a straight answer on if the way they promote their stock on the conference call is legal

You dont even necessarily have to call them, just tell the scammers that you did. That will hopefully freak them out enough by itself.