re: #331 GeneJockey

Congressman Loses Millions In Fraud Scheme For Second Time In His Life

“Double my IQ or no money back? Sounds like a good deal to me!”

Lol, morons.

Chapman’s scheme involved clients handing over stocks as collateral for loans from his company, Alexander Capital Markets. If the stocks did well, customers were supposed to repay Chapman with interest and would then get the stocks back at their increased value. But court papers say Chapman sold the stocks and had no way to repay clients if their stocks did well