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clock Created with Sketch. 09/08/18
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Originally posted by danhoff
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re the insto's investing other peoples' money: if they gave the $132 mill to be burned in the fire, the insto's would have kept their percent for carrying the money to the fire; I am not sure what percent they charge for wheel-barrowing your money into the fire, but they did get millions and millions for their 'work' and 'analysis'; they get paid win lose or draw; their job is to shuffle money and keep a percent; if the shuffle makes some of your dollars burn, that is not their concern
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This is not first time INSTO burnt client money recklessly. Remember BNB (2007 case) Several Billion Dollar Corporation, INSTO kept giving loans and Capital Raising till it went under hammer and eventually got sold into pieces.
