| Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum. |
 | 
09-16-2009, 11:49 PM
|
#1 | | y'all better put some respeck on my name
Join Date: Dec 2002 Location: Vancouver
Posts: 18,634
Thanked 9,854 Times in 2,560 Posts
Failed 394 Times in 160 Posts
| Kelowna victim of Ponzi scheme lost everything, took her own life
  Quote:
CALGARY - A woman alleged to have been victimized by what police describe as a $100-million Ponzi scheme sank into a deep depression after losing her savings - then took her own life, her family says.
Gloria Lozinski said her sister Edna Coulic of Kelowna, B.C., invested more than $300,000 in the alleged scheme - one that was introduced to her by a friend as an investment opportunity where she could make 30 to 40 per cent returns - but 18 months ago learned that her money was likely lost forever.
She said her sister had worked hard to build a career in real estate and was making plans to spend some of her promised fortune on her aging mother.
“She was outgoing, vibrant, sociable, kind, giving, sharing. She was genuinely a really great person who wouldn’t do harm to anybody,” said Lozinski. “When she found out some of that accomplishment and her investing made her look really rather kind of foolish, it was very difficult for her to forgive herself.”
Coulic committed suicide in October 2008.
“At the end of it, she became anti-social, she just didn’t have any more,” said Lozinski. “She didn’t want to go out as much. Her demeanour changed to the point where she lost her zest for life.
“She was a very intelligent, articulate woman. There’s no way she would have been conned except if these guys were very, very good at what they did.”
Two Calgary-area men, Milowe Brost and Gary Sorenson, have been charged with running the Ponzi scheme. Sorenson is believed to be out of the country, possibly in Honduras, and Brost has been arrested and released on bail.
A Ponzi scam typically includes promises of high investment returns, and sees early investors paid off with cash from newer investors until the pyramid collapses. Investors are discouraged from withdrawing any funds for as long as possible.
Police claim that more than 3,000 investors lost hundreds of millions of dollars in total, potentially making it one of the largest in Canadian history.
Dozens of investigators in the Canada Revenue Agency's Calgary office are hunkered down probing the tax consequences of the fraud charges.
The tax examination of the Calgary-based investment plot is part of a two-year investigation and follows an intense, two-day search of 50 locations across Western Canada by agency investigators and auditors in March 2008. At that time, 300 tax officials swept the locations - which included usually quiet accountants’ offices - for evidence related to fictitious registered retirement savings plans, investment scams and tax evasion.
Court documents filed last year to execute search warrants say the Canada Revenue Agency has reassessed 295 related investors in at least $29 million in RRSP withdrawals, "creating a significant tax consequence" for those people.
Investigators allege a North America-wide army of investment advisers called "structurists" did much of the work recruiting investors through entities such as the Institute for Financial Learning.
Lozinski said she hopes those structurists are investigated by police.
“When people say, how did she buy into it? Well, that’s exactly how. They had people that had a reputation, that had education, that had a title that went with it.”
With files from Kelly Cryderman, Gwendolyn Richards and Kristen Odland
© Copyright (c) The Vancouver Sun
| | 
|  | |
09-17-2009, 12:02 AM
|
#2 | | Revscene.net has a homepage?!
Join Date: Aug 2009 Location: smallville
Posts: 1,249
Thanked 638 Times in 176 Posts
Failed 34 Times in 18 Posts
|
I don't feel too bad because it's her fault she got scammed from being too greedy.
| |
| | |
09-17-2009, 12:18 AM
|
#3 | | RS Veteran
Join Date: Dec 2001 Location: GTA
Posts: 30,576
Thanked 12,398 Times in 5,085 Posts
Failed 482 Times in 315 Posts
|
Money (greed for that matter) clouded her judgement. People make mistakes but by no means did she have to take her own life.
__________________ Quote:
Originally Posted by Badhobz  You show me a 1998 240sx in prestine condition and ill fucking suck your dick. no homo! | | 
| | |
09-17-2009, 03:14 AM
|
#4 | | Need my Daily Fix of RS
Join Date: Feb 2003 Location: B.C.
Posts: 274
Thanked 5 Times in 2 Posts
Failed 0 Times in 0 Posts
|
It doesn't matter if she fell for a scam and maybe a good one, she's still the victim of fraud.
| |
| | |
09-17-2009, 03:27 AM
|
#5 | | Need to Seek Professional Help
Join Date: May 2006 Location: Vancouver
Posts: 1,023
Thanked 283 Times in 79 Posts
Failed 90 Times in 13 Posts
| Quote:
Originally Posted by Mephology It doesn't matter if she fell for a scam and maybe a good one, she's still the victim of fraud. |
thats very true...
__________________
jbsali
| |
| | |
09-17-2009, 04:55 AM
|
#6 | | Proud to be called a RS Regular!
Join Date: Jun 2009 Location: vancouver
Posts: 101
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
|
Survival of the fittest is a bitch 
__________________
if you do not do the thing you fear, the fear controls your life
| |
| | |
09-17-2009, 04:56 AM
|
#7 | | Proud to be called a RS Regular!
Join Date: Jun 2009 Location: vancouver
Posts: 101
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Mephology It doesn't matter if she fell for a scam and maybe a good one, she's still the victim of fraud. | Lame. People that are dumb enough to invest all their life savings into something they don't understand deserve to lose it all.
__________________
if you do not do the thing you fear, the fear controls your life
| |
| | |
09-17-2009, 06:55 AM
|
#8 | | My AFC gave me an ABS CEL code of LOL while at WOT!
Join Date: Dec 2003 Location: burnaby
Posts: 1,871
Thanked 471 Times in 151 Posts
Failed 118 Times in 34 Posts
| She said her sister had worked hard to build a career in real estate and was making plans to spend some of her promised fortune on her aging mother.
that explains it. after years in an industry that has more entitlement then a 4th generation yale grad, it'd make perfect sense why she thought she'd be able to get more money for nothing.
real estate agents are just over glorified used car salesman.
| |
| | |
09-17-2009, 07:08 AM
|
#9 | | Da Vinci's real masterpiece: The Mona Diesel
Join Date: Nov 2007 Location: Richmond
Posts: 1,797
Thanked 563 Times in 247 Posts
Failed 15 Times in 15 Posts
|
Listen, regardless of the fact that she may have been mistaken in her investment, this does not mean that A) she is greedy or b) that she is a dumb bitch that needed to be culled in some bullshit "survival of the fittest" nonsense. She was a real human being that lost everything she had worked for YEARS. I am sympathetic towards her.
| |
| | |
09-17-2009, 04:44 PM
|
#10 | | Proud to be called a RS Regular!
Join Date: Jun 2009 Location: vancouver
Posts: 101
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by Jsunu Listen, regardless of the fact that she may have been mistaken in her investment, this does not mean that A) she is greedy or b) that she is a dumb bitch that needed to be culled in some bullshit "survival of the fittest" nonsense. She was a real human being that lost everything she had worked for YEARS. I am sympathetic towards her. | Lame.
Only greedy and stupid people get tricked into these schemes (anyone who knows anything about investing will be extremely suspicious of 30-40% ROI year over year when most professional investors LOSE money over the LR) . I don't think she deserves to die or whatever but she deserves to have her money stolen.
And why should anyone sympathize for her? She lost her money because of her stupidity and then she killed herself because she thought that was her best option.
__________________
if you do not do the thing you fear, the fear controls your life
| |
| | |
09-17-2009, 04:47 PM
|
#11 | | My homepage has been set to RS
Join Date: May 2006 Location: PoCo
Posts: 2,062
Thanked 551 Times in 141 Posts
Failed 84 Times in 48 Posts
| Quote:
Originally Posted by mr_piggy Lame.
Only greedy and stupid people get tricked into these schemes (anyone who knows anything about investing will be extremely suspicious of 30-40% ROI year over year when most professional investors LOSE money over the LR) . I don't think she deserves to die or whatever but she deserves to have her money stolen.
And why should anyone sympathize for her? She lost her money because of her stupidity and then she killed herself because she thought that was her best option. | So youre happy she killed herself? Thats what it seems like, you sick fuck.
| |
| | |
09-17-2009, 05:12 PM
|
#12 | | SFICC-03*
Join Date: Mar 2002 Location: richmond
Posts: 8,743
Thanked 3,351 Times in 1,314 Posts
Failed 162 Times in 84 Posts
|
lol 30-40%
ppl dream of simply beating the market at 10%+
| |
| | |
09-17-2009, 05:24 PM
|
#13 | | I STILL don't get it
Join Date: Jan 2006 Location: burnaby
Posts: 460
Thanked 70 Times in 26 Posts
Failed 29 Times in 3 Posts
| Quote:
Originally Posted by mr_piggy Lame.
Only greedy and stupid people get tricked into these schemes (anyone who knows anything about investing will be extremely suspicious of 30-40% ROI year over year when most professional investors LOSE money over the LR) . I don't think she deserves to die or whatever but she deserves to have her money stolen.
And why should anyone sympathize for her? She lost her money because of her stupidity and then she killed herself because she thought that was her best option. | You can only deserve to be punished if you yourself has done something wrong. Just because she was blinded by the prospect of easy wealth doesn't mean that the crooks who took it are justified by her "stupidity."
p1:"Hey bro could i borrow 50 bucks"
p2: "sure"
p2: "hey when are you paying me back?"
p1: "never?"
p2: "aw shucks, I guess i deserved it"
| |
| | |
09-17-2009, 06:01 PM
|
#14 | | Banned (ABWS)
Join Date: Apr 2009 Location: internet
Posts: 818
Thanked 406 Times in 127 Posts
Failed 413 Times in 103 Posts
| | |
| | |
09-17-2009, 06:33 PM
|
#15 | | resident Oil Guru
Join Date: Mar 2005 Location: Vancouver
Posts: 7,716
Thanked 10,457 Times in 1,794 Posts
Failed 1,065 Times in 267 Posts
|
^ dude, is that all you do?
| |
| | |
09-17-2009, 06:42 PM
|
#16 | | regulator
Join Date: Apr 2001 Location: Houston, TX
Posts: 5,738
Thanked 250 Times in 102 Posts
Failed 93 Times in 44 Posts
| Quote:
Originally Posted by LiquidTurbo ^ dude, is that all you do? | I LOL'd
__________________ Quote: Originally posted by Mr.HappySilp
^^ I think u seen jeus..... Lol. u shouldn't be scare of jeus. | | |
| | |
09-17-2009, 09:23 PM
|
#17 | | Proud to be called a RS Regular!
Join Date: Jun 2009 Location: vancouver
Posts: 101
Thanked 2 Times in 2 Posts
Failed 0 Times in 0 Posts
| Quote:
Originally Posted by ajax So youre happy she killed herself? Thats what it seems like, you sick fuck. | Do you have some kind of mental disorder or are you just a dumb hick?
Where did I say I was happy that she killed herself? I even specifically said "I don't think she deserves to die..."
A trait typified by you losers is that you're are especially sympathetic to one another. It makes sense, you losers are so used to being at the wrong end of the stick.
__________________
if you do not do the thing you fear, the fear controls your life
| |
| | |
09-18-2009, 02:40 AM
|
#18 | | HELP ME PLS!!!
Join Date: Jan 2002 Location: Vancouver
Posts: 5,560
Thanked 22 Times in 13 Posts
Failed 14 Times in 7 Posts
|
''u cant cheat an honest man''
or in this case a woman.
and yes. i agree that she deserves to lose her money. it's a different issue if it was a legit operation from a credible source that simply misrepresented itself. i mean, c'mon...if there really is a 30-40% ROI dont u think other people would be in on it before you? it's ike finding a super hot girl wanting to jump your bone and telling u she's a virgin n has no stds. you think you're that hot she just couldnt help herself?
same idea. if u get cheated, its cause you're greedy or dumb.
and the thing with the 50dollars...if it's a stranger, you're a retard. if it's a friend - you misjudged your ability to choose friends. if it was family - never expect to get money back from lending to family, it's as good as gone. plain n simple.
__________________
~goodnight fat sig.
| |
| | |
Posting Rules
| You may not post new threads You may not post replies You may not post attachments You may not edit your posts
HTML code is Off
| | |
All times are GMT -8. The time now is 07:02 PM.
|
You are currently viewing our boards as a guest which gives you limited access to view most discussions and access our other features. By joining our free community you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is fast, simple and absolutely free so please, join our community today!
The banners on the left side and below do not show for registered users!
