Jump to content
  • Welcome!

    Register and log in easily with Twitter or Google accounts!

    Or simply create a new Huddle account. 

    Members receive fewer ads , access our dark theme, and the ability to join the discussion!

     

Is my friend's workplace a front for money laundering? Should he leave?


dos poptarts

Recommended Posts

Friend of mine has been working part-time at this engineering firm for 8 months. He completed his 2 year drafting/mech design degree last year and does nothing all day.

 

~35 person firm. He does get some work occasionally and does load bearing calculations. But 80% of his time is sitting doing nothing. (just like the rest of the grunts) He just sits in a cubicle and internet/texts all day. Even the receptionist will laugh and say not a single call or visitor for an entire week.

 

Told him when he started that it may just be slow and they are expecting it to get real busy. But they continue to hire people to sit in cubicles. Even hiring a few managers to manage TWO employees each.  The new hires ask how long it's been this slow and he tells them the truth, since he's been employed there. They ask how can he stand this...

 

He's torn, easy job, easy paycheck, but not really getting experience to move onto a better situation. I told him to leave before apathy sets in and he's still hungry to work. And before the FBI comes knocking. I can't see how this business continues to bring in enough revenue (legally) when all of the workers don't have any work to do. I joke that if he sees laser tag equipment or car wash coupons he'll have his answer.

 

 

Link to comment
Share on other sites

Not money laundering more like Ponzi scheme if they breaking the law.

 

How does a Ponzi work in this environment. Bilking investors? how do you keep bringing them in?

 

......

I'm beginning to wonder if the firm needs a certain headcount number to bid for certain jobs. Never worked at a small firm so not sure if that is ever comes into play.

Link to comment
Share on other sites

How does a Ponzi work in this environment. Bilking investors? how do you keep bringing them in?

 

......

I'm beginning to wonder if the firm needs a certain headcount number to bid for certain jobs. Never worked at a small firm so not sure if that is ever comes into play.

 

 

You lie to investors to get their money.  You want to show em promise...  Hiring employees means you expect your business to grow.  Growing business means more return on investment.  People are greedy.  If you got 5,000,000 saved up on your bank account and some business owner comes to you and tell you that he got these new designed bikes which will be the new thing and everyone will want one, all this business owner need is your 5,000,000 and he guarantees you will get 20% return on investment a year!  Aka $1,000,000 easy money.  So you give your $5 million to this businessman, he starts selling these bikes and a year later he pays you $1 million as promised.  Now all of the sudden everyone else wants to make 20% return on investment.  People give this business owner all their life savings... this business owner hires more people to show that company is growing but in reality this businessman maybe sold $10k worth bikes a year.  See, the original guy that gave him $5,000,000 actually got his own million back.  Other people see this investment opportunity and give this businessman money... First few investors can actually profit in Ponzi scheme but latecomers will lose all their lifesaving. If Ponzi scheme last 7 years.  Original guy will leave Ponzi scheme with $7 million but if newcomer invested $20m... he will lose it all. This called Ponzi scheme... you trick investors into think your company is profitable but in reality it is not. You take their life savings and you spend it on yourself living a nice couple of years.  Usually Ponzi Schemes can last up to 5-15 years.  Some don't even last 2 years.     

Link to comment
Share on other sites

Archived

This topic is now archived and is closed to further replies.


  • PMH4OWPW7JD2TDGWZKTOYL2T3E.jpg

  • Topics

  • Posts

    • Have you seen the mock drafts lately?   Most of them have us taking a QB. Just because you aren't high on these QBs doesn't mean the Panthers or other teams aren't.   If you want me to be real I just think you a Tmac homer and all you care about is us drafting him. It's why you get so defensive when people mention other prospects.   Be open to other people's ideas. Nobody in this thread is saying anything bad about your boy Tmac. 
    • Oh good lord Interest doesn't mean interest in making a bad trade to take the player, that's why I had such a long post, to accurately describe why those are two different things, but you don't like to listen to that stuff.  Being interested in a player doesn't live in a vacuum. It's very simple... there isn't a #1 draft pick type of grade on any of these QB's, if there was, we'd just take them.  You can't bluff a pick everyone knows you won't make, and trying to trade the pick is the CLEAR signal that you're not taking the QB. Just because the Raiders would have interest, doesn't mean they're going to bail us out of a situation we don't want to be in, they'd be smart about it and just sit put, let us take a non QB as we'd be telling the world we're not taking one just by trying to trade the pick, and then they'd take him at #2 (either with their own pick or by trading less to get that one). Oh, and your point of "if nobody is willing to make the trade, you obviously just take the best QB" is quite literally the dumbest thing I've ever read on here. If nobody is willing to trade up to take the QB, then it's OBVIOUS that the QB isn't worth taking with that pick, so OBVIOUSLY taking the best QB there is just OBVIOUSLY stupid and a bad pick. The moral of it is if there is a QB worth taking, we're taking them and not making the trade.  If there isn't a QB worth taking there, nobody is trading up to #1 to take one, we just showed the NFL how bad of an idea that is 2 years ago, it's really not hard to see. You keep making up this mythical situation where there is a QB who has shown to be worth trading up to #1 for and we'll be able to leverage that into a trade.  But we're the most QB needy team in the league, if we end up with the #1 pick, either we are taking a QB #1 or no QB is going #1 unless we get VERY lucky and two teams in the Top 5 fall in love with one prospect and we can play them off each other and fleece one of them. But again, I can't see that happening, as if there was a QB worthy of that, we're just taking him ourselves.
    • Sanders is with Tom Brady brand and that's his mentor. The Raiders owner was with Sanders taking pics at a Vegas game together.   It doesn't take much to connect the dots that Vegas will be interested in Sanders as their franchise QB. Oh yeah and guess who hasa small ownership stake in the Raiders Tom Brady.   I guess this is just another made up Madden idea by me huh?
×
×
  • Create New...