Jeffrey wrote:pigpot wrote:Jeffrey wrote:Since Peter is stealing from the poor while Maddoff stole from the rich, the argument could be made that Peter is the greater villain.
Peter hasn't "stolen" anything. Court case and references please.
Fraud is theft by deception. Every cent Peter has gotten from his victims is stolen.
Now there lies the interesting point....in my very humble opinion and those among you with superior knowledge might enlighten me? if I am mistaken.
Pete will issue you a cheque book and 'allonges' for £35 and a PN. The £10 pm is to cover the cost of WeRe maintaining your account, strange is may seem no actual fraud there, anyone of you could set up a similar based piece of nonsense, you could offer legal advice issue badges/hoodies/newsletters for an entrance fee and a monthly charge.
Those who write out their first cheque say for £200 to a utility company must contact WeRe who will immediately debit their account, so at this point ( in theory) the debt has been transferred to WeRe who do not accept any deposits of cash/cheques/DD etc. It is my belief that banks looking for transferral of funds are told they can have it in Re when they were expecting ( not unreasonably) £/$.
At no point has PoE ever said his Re can be converted to money, in fact he laboured this point while preaching to the converted .....so much that even if totally confused they still joined in.
I do not believe that PoE has committed any fraud up to this point, he has given the receiving bank his option which they quite rightly refuse. He is entitled to offer a service and charge for it, at no point does he guarantee it will work, there is a point in that he offers to support his customers and there might be a slim chance of redress there.
I am sure the entire financial system are aware of this shoddy little enterprise and if they were able they would have pulled the plug by now.
To me what is really interesting is if you write the same £200 cheque and notify WeRe and accept your account to be debited instead of being in debt for £200 you now owe £400, WeRe would be entitled to seek you to pay this and to maintain your promissory note.
Lewis Carroll could have thought this bank up, I am sure there are Bankers and senior fraud squad officers scratching their heads wondering how to deal with it.
The only thing he sells is an idea, he never states it will work and he really does not appear to be bothered when it fails.
It would be interesting to see an action taken against Pete, if only to find out the charge....but if Pete just disappears I doubt he would be hunted by the authority's ......maybe some irate FmotL chaps?.
If people from Poland are called Poles Why are aren't people from Holland called Holes?