shout.tv James Phipps, Daryl McBride fraudulently induced me to invest $50,000 in their internet start-up Utah

turns out I was the ONLY investor who was not directly involved with the principals in other ventures.  I take offence to the allegation I was trying to rip off anyone!  I invested in a company ran by a former friend who I trusted.  There was no ponzi scheme here, if the investments they said were coming, Microsoft, Real Madrid, had come through as was promised, this would have worked out fine.

 the issue was these investments never happened, and the owners told me they had.  They told me there were over a million downloads, there weren't...and the list goes on.  thanks for adding insult to injury...the rest of what I'm thinking I can't publish here.

This was not a blind investment.  I reviewed their prospectus, and it looked solid.  There was even a contract with Microsoft to invest 25Million.  The contract looked legit, turned out it wasn't.  It was a forgery.  They claimed to have had over 1 million downloads.  I didn't check this out based on my prior dealings with the owner.  

Now the company is folding, and I lose my entire investment as the two who started it get to hide behind the corporate veil.  Yes, I could have done more research, but given my past dealings with Phipps, I made the mistake of trusting him.  live, learn, and lose.  Unless...if you see some value here, I own 100,000 shares in the company I'd gladly sell you.

...and did all your research AFTER you handed $50,000 to this person you now call a "scammer."  

Maybe this is a scam.  I don't see a single claim made by the start-up that could not have been verified long before you handed over your money.  So guess what?  The real scammer here is your brain and your greed, which worked together to scam you.  Here's what I mean by that:

There is no LEGITIMATE way for a company to guarantee a 30% return in 90 days- the only way anyone can promise that is through a ponzi scheme, that is, revolving the money provided by new investors to the old ones to create the illusion of growth. 

You had to know this, which means you were willing to go along with cheating others if it meant you would profit.  What you didn't figure on was being at the back end of the scheme, not the front- you were the one providing the 'quick profits' for the early investors.  Are we supposed to sympathize with you now? 

As someone who  puts up with strong markets and weak marekets, and who invests slowly and carefully and who expects slow growth to assure my retirement, you aren't getting any sympathy for me because your "get rich by cheating other people" strategy blew up in your face.