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"The Coffee Shop" #6
- Thread starter Sherrie
- Start date
News flash:
Authorities are investigating a pyramid scheme they allege has bilked online investors of dozens of dollars.
Jim D. Andy, head of fraud investigations for the Downtown on the Web Police Department, said several investors have bought shares in a business called "Katfish Korner," a fishing shop that reportedly opened in the closet of a downtown eatery.
"This thing smells worse than the stink bait they're trying to peddle," Andy said. "As far as we can tell, all of the assets of the business consisted of a dozen jars of old doughnuts soaked in hydraulic fluid."
Andy said several investors bought shares in the business and were told to resell their shares to other investors with the promise of recouping their investments through selling more shares.
Accounting is sketchy, but it appears that 12,349 percent of shares were sold, sometimes in trade for tomatoes and okra.
While it appears an itinerant Baptist preacher accounted for most of the sales, authorities are unsure whether he was the originator of the scheme.
"We're trying to find him for questioning, but he disappeared shortly after this came to light," Andy said. "He was last seen wearing a green-and-yellow clerical robe, but there are indications he may have changed into a pair of overalls."
—30—
Authorities are investigating a pyramid scheme they allege has bilked online investors of dozens of dollars.
Jim D. Andy, head of fraud investigations for the Downtown on the Web Police Department, said several investors have bought shares in a business called "Katfish Korner," a fishing shop that reportedly opened in the closet of a downtown eatery.
"This thing smells worse than the stink bait they're trying to peddle," Andy said. "As far as we can tell, all of the assets of the business consisted of a dozen jars of old doughnuts soaked in hydraulic fluid."
Andy said several investors bought shares in the business and were told to resell their shares to other investors with the promise of recouping their investments through selling more shares.
Accounting is sketchy, but it appears that 12,349 percent of shares were sold, sometimes in trade for tomatoes and okra.
While it appears an itinerant Baptist preacher accounted for most of the sales, authorities are unsure whether he was the originator of the scheme.
"We're trying to find him for questioning, but he disappeared shortly after this came to light," Andy said. "He was last seen wearing a green-and-yellow clerical robe, but there are indications he may have changed into a pair of overalls."
—30—
What is a cup of Joe(excuse my ignorance)Originally posted by Wisdom Seeker:
How about a cup of Joe? Could use a respet. Did I spell that right? Oh who cares.
Think I'll have a Mocha Frappachino...yes you do have it...I made sure to install the machine. Consider that my contrabution to this much loved Coffee Shop.
yours, Jon.