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#3033 | |||
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Senior LCF Member
Join Date: Sep 2007
Location: central Texas. . . but on the road again . . .
Posts: 725
Gallery: Sheridan
Stats: 231/getting there/155~145 5'8" w/ small frame
WOE: Atkins
Start Date: September 2, 2007
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#3034 |
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Senior LCF Member
Join Date: Sep 2006
Location: Beautiful WINE Country!
Posts: 466
Gallery: NancyElle
Stats: 12/8/4-6 5'9 ~Vanity Sizing~
WOE: Low Carb/IF/Red Wine
Start Date: everyday~all the time
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Did I hit a nerve? You tell me.....With one post, are you up to date with all of the copious rhetoric this subject involves?????
Just asking....... Last edited by NancyElle : 04-07-2008 at 10:38 PM. |
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#3035 | |
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Junior LCF Member
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One post, but I read quite a few pages before I posted. guess whatever you are talking about must be a board secret. Last edited by justme08 : 04-07-2008 at 11:28 PM. |
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#3036 |
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MAJOR LCF POSTER!
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I'm PO'd tonight...
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#3037 |
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MAJOR LCF POSTER!
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#3038 |
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Junior LCF Member
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Maybe something fraudulent
Today, in my studies of this situation, I observed where I think Diaz is conducting her business in a fashion which, if it is not fraudulent, is very typical of a dishonest business enterprise. Any business which requires ongoing staffing and overhead (as actually all businesses do) cannot afford to offer a "lifetime" membership in good conscience. It is apparent that she is planning to fund these present members' future access and services with the revenues from future subscribers (or anticipating just abandoning them once the money stream dies down and she can abscond with the funds). I am truly surprised that she has not been advised by her attorneys to correct this glaring faulty practice, which, if not dishonest, is certainly representative of poor business planning. In my opinion, the offer and guarantee borders on fraudulent conduct. The mechanism of funding benefits to early participants from future revenues, in effect, is a Ponzi scheme. The "Ponzi" is a classic fraudulent investment mechanism, where early participants are paid dividends from the proceeds of new investors, enticed by the glowing reports of the early ones. Eventually, there are not enough new "suckers" to pay the dividends for the earlier investors and the scheme collapses. Giving lifetime memberships is simply an inappropriate business practice; lifetime service from a one-time small fee is virtually a prescription for eventual bankruptcy. Notice that she has a comparison of the value of her lifetime membership in relation to other programs, which require monthly or, at least periodic, fees (like South Beach, for example). The reason those others require those periodic payments and limited spans of membership, unless you renew, is because a functioning business cannot fund ongoing obligations (which, of course, will require income to maintain) from the fees of future clientele. Like the Ponzi scheme, once the membership reaches a certain level, there wouldn't be enough new clients to fund the operation and it would collapse. So, that's a rather ironic comparison chart... really displaying a tell-tale "too good to be true" promise. So, as I have given other candid observations about the case, I don't hesitate to provide this one, which to me is really quite troublesome. My advice to her... would be to correct that misrepresentation right away, because that is something that might be a red flag to an attorney general looking into her business activities. I would recommend to the plaintiffs in the civil matter (or maybe this is only something for the Attorney General) that part of the settlement they should seek would be the establishment of an ongoing trust fund to assure a future revenue stream to pay the ongoing expenses. Last edited by samredman : 04-08-2008 at 12:31 AM. |
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#3039 | |
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Senior LCF Member
Join Date: Oct 2006
Location: New Egypt, NJ
Posts: 824
Gallery: Barbara B
WOE: Dr. Richard Bernstein
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#3041 |
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MAJOR LCF POSTER!
Join Date: Oct 2007
Location: North East
Posts: 1,151
Gallery: MissMerize
Stats: 170/162/142
WOE: Meat and Martini Diet, cycled with oopsie rolls
Start Date: 3/18/08
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Sam, Could you take a look at this blog post today?
Medusa: AS THE WORM TURNS... Tell me if that doesn't smell like Fraud. |
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#3043 |
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MAJOR LCF POSTER!
Join Date: Sep 2007
Location: Alabama
Posts: 1,364
Gallery: Mayberryfan
Stats: 255/204/150
WOE: PPLP
Start Date: June 6, 2007
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Just in case you guys don't know this already, Cheri is da bomb!
And, like Forrest Gump, that's all I'm gonna say about that. ![]() |
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#3044 | |
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Still hasn't done the dishes
Join Date: Aug 2007
Location: Obviously not in the kitchen doing the dishes.
Posts: 1,963
Gallery: mrsmenopausal
Stats: O M G! / ugh /hubba hubba
WOE: trying to transition
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I cannot believe that the University of Toronto permitted such an article in their school paper. Blatant discrimination. It's disgusting! I won't get into all that can be said about this but want to point out that a very high percentage of college students deal with self-esteem issues, disordered relationships with food and/or are actively suffering with eating disorders. Add to that having to read the student paper and discover this bit of crap to inflict more damage on an already injured self image. I think they've managed to not only hit the targeted prey, but will accomplish quite a bit of collateral damage as well. I hope they get a ton of letters. I certainly will be writing them.
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"When one approach is not working to reach the desired goal, that's not a reason to abandon the goal. Instead, it is time to devise another approach.Ralph Marston “Rather fail with honor than succeed by fraud.” Sophocles Spread the word: Kimkins Members From San Diego County, Your Help Is Needed! |
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#3045 |
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MAJOR LCF POSTER!
Join Date: Oct 2007
Location: North East
Posts: 1,151
Gallery: MissMerize
Stats: 170/162/142
WOE: Meat and Martini Diet, cycled with oopsie rolls
Start Date: 3/18/08
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#3046 | |
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Senior LCF Member
Join Date: Jan 2004
Location: Schenectady, NY
Posts: 747
Gallery: beachfires
Stats: 194/157/145
WOE: Atkins...modified to fit my life :o)
Start Date: 1/5/04
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#3047 |
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Senior LCF Member
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#3048 | |
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Committed to Succeed
Join Date: Jan 2004
Location: Emerald City
Posts: 14,583
Gallery: Magicsmom
Stats: 282/212.5/140
WOE: Seeing a nutritionist who believes in low carb!
Start Date: Off & On (mostly on) since January 2004
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#3049 |
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Big Yapper!!!!
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#3050 | |
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Senior LCF Member
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![]() *wonders what Cheri did/found out this time* Oh well, I"m sure whatever it was, it'll all come out in the end... I have some ideas what it might have been though, since the comment was posted in this thread.... |
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#3052 |
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MAJOR LCF POSTER!
Join Date: Oct 2007
Location: North East
Posts: 1,151
Gallery: MissMerize
Stats: 170/162/142
WOE: Meat and Martini Diet, cycled with oopsie rolls
Start Date: 3/18/08
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Success! Bacon egg and cheese on an oopsie roll. Life just doesn't get much better.
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#3053 | |
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Junior LCF Member
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