Bela Geczy , 57, of Longmont and Michael Brian Kass, 48, of Boulder were indicted on multiple counts of securities fraud and violation of the Colorado Organized Crime Control Act, the Boulder district attorney said in a news release.The indictment alleges that Kass and Geczy owned and operated Dharma Investment Group LLC and used the company to "solicit millions of dollars from investors in a fraudulent manner."
See mug shots in the Boulder Daily Camera. No word so far on whether they are Buddhists or if they targeted Buddhists with their scam. But with a name like Dharma Investments...draw your own conclusions about the image they were trying to project.
4 comments
OK, I found this article which demonstrates that these scammers were huge Enlightenment Posers:
I tell ya. It's these holier-than-thou types you have to keep an eye on. Anyone who claims to measure "Dharmic compliance" is probably in violation on several counts.I have no idea whether this groups approval or disapproval of something is valid or not, but I can't see any problem in theory. There are things that accord with the dharma and there are things that go against it and it isn't impossible to tell. As an example I can quite easily say taht anyone engaged in arms manufaturing is in violation of buddhist dharma and no one can fault me for saying so according to the dharma.
Who decides which $18-million ponzi schemes are dharmically compliant, and which ones aren't, clown?This is just another example of con men using Buddhist-sounding hoodoo to rip people off.
Ponzi schemes would all be wrong action against truth. Duh!