Mega Thread The Random Thoughts Thread Part 1

[Puddy]

You are a ****wit Harry

 

[Dobie G]

Earlier, 1958

 

[rumoursofwinter]

This story will not end well. $194m has disappeared from a punters club. Members include 'senior people from the AFL'.

http://www.heraldsun.com.au/news/vi...rom-punters-club/story-fni0fit3-1226777466059
It is understood some of the members of the club had more than $1 million invested in the scheme, which claimed to provide returns of more than 25 per cent a year.
There could be several hundred members of the club - including senior people from the AFL, the media, the building industry and retail worlds.

 

[Bazalgette]

Poor rich people.

 

[Power Raid]

This story will not end well. $194m has disappeared from a punters club. Members include 'senior people from the AFL'.

http://www.heraldsun.com.au/news/vi...rom-punters-club/story-fni0fit3-1226777466059
It is understood some of the members of the club had more than $1 million invested in the scheme, which claimed to provide returns of more than 25 per cent a year.
There could be several hundred members of the club - including senior people from the AFL, the media, the building industry and retail worlds.

easy come easy go

f em

A fool and there money are soon parted when tempted by investments like this

 

[Bazalgette]

Giada De Laurentiis every day of the week for me, she has me completely fixated, I should be a great cook for the amount I watch of her but my mind tends to wander.

I became a chef in the hope of meeting her. And I ****ing hate chefs.

 

[Dobie G]

Another example of investors losing big time and because it's a 'white-collar" crime, the perpetrators have every chance of getting away with it. Compare that with the ordinary Joe Blow who goes into a service station and runs off with smokes and the till money, no way does society allow that crime, he's bought down with a ton of bricks! White collar crime needs to be put into perspective and they need to go to goal with the key thrown out and all their assets from the proceeds of crime confiscated and distributed to the victims.
Will this ever happen? No way because the big end of town doesn't want it for their own.

 

[Eddie Dingle]

Another example of investors losing big time and because it's a 'white-collar" crime, the perpetrators have every chance of getting away with it. Compare that with the ordinary Joe Blow who goes into a service station and runs off with smokes and the till money, no way does society allow that crime, he's bought down with a ton of bricks! White collar crime needs to be put into perspective and they need to go to goal with the key thrown out and all their assets from the proceeds of crime confiscated and distributed to the victims.
Will this ever happen? No way because the big end of town doesn't want it for their own.

No but poor people should be in jail.

It's just how the world works.

 

[Ron The Bear]

the scheme...claimed to provide returns of more than 25 per cent a year.

Show me a regular punter who gets 25% ROI a year and I'll show you a liar or a race fixer.

 

[RonSon]

Firepower mkII?

 

[Eddie Dingle]

Show me a regular punter who gets 25% ROI a year and I'll show you a liar or a race fixer.

I'm in a puntclub and we don't fix any races that I am aware of but our ROI is 61% after 3 years?

Could that be wrong?

 

[*PAF]

Earlier, 1958
...

On a different note, not long ago I saw an interview with a woman claiming to be the girl this song was written about.
http://www.dailymail.co.uk/femail/a...-Rio-beach-shows-63-year-old-bikini-body.html

and crikey, there were a few blokes whose voice was made for singing such as Johnny Cash and Frankie baby.

 

[*PAF]

I'm in a puntclub and we don't fix any races that I am aware of but our ROI is 61% after 3 years?

Could that be wrong?

Absolutely.
Not sharing this sort of information with me is a crime.

 

[Dobie G]

On a different note, not long ago I saw an interview with a woman claiming to be the girl this song was written about.
http://www.dailymail.co.uk/femail/a...-Rio-beach-shows-63-year-old-bikini-body.html

Have heard of the Brazilian woman, she would have been about 15 in 1958. Whether it's true or not, matters not, it's a good urban legend.

 

[Dobie G]

I'm in a puntclub and we don't fix any races that I am aware of but our ROI is 61% after 3 years?

Could that be wrong?

Not if it's disclosed in your tax return

 

[*PAF]

Not if it's disclosed in your tax return

Can I claim my losses?

 

[Dobie G]

Can I claim my losses?

If you can convince the ATO that it's a business not a hobby or stupidity

 

[*PAF]

If you can convince the ATO that it's a business not a hobby or stupidity

That was the point regarding being taxed on winnings.

 

[It Just Is]

Gambling - MFC President - Football/Media personalities - Poor old David Schwarz will declare bankruptcy soon.

I should've been a detective.

 

[Dobie G]

That was the point regarding being taxed on winnings.

You are not necessarily taxed on winnings, it's whether you are running a business or not.

 

[*PAF]

You are not necessarily taxed on winnings, it's whether you are running a business or not.

Yeah, that's what I was trying to get at.

 

[Dobie G]

Yeah, that's what I was trying to get at.

Yeah,very simple. Hobby if you're making money, business if you're losing money.

 

[*PAF]

Yeah,very simple. Hobby if you're making money, business if you're losing money.

I like this post.

Now if only making money from gambling was easy we would all be unemployed with a hobby.

 

[Killer Power]

This story will not end well. $194m has disappeared from a punters club. Members include 'senior people from the AFL'.

http://www.heraldsun.com.au/news/vi...rom-punters-club/story-fni0fit3-1226777466059
It is understood some of the members of the club had more than $1 million invested in the scheme, which claimed to provide returns of more than 25 per cent a year.
There could be several hundred members of the club - including senior people from the AFL, the media, the building industry and retail worlds.

$194m goes missing from an account under his control. Hasn't spoken to the bank yet. Sounds legit.

 

[*PAF]

$194m goes missing from an account under his control. Hasn't spoken to the bank yet. Sounds legit.

$194m hasn't gone missing from the account, it's the account that has gone missing. WTF?



EDIT: Just noticed that one of the people lives in Dubai and it happened over the last week.

* *PAF runs away to check the media are a bunch of Bankers thread *