did I ever mention I supported criminal enterprises?
your action says so. you want the government to turn a blind eye on it once more.
I don't think you look at the right direction that I am looking at.
excuse me? "the right direction"? your direction leads to greed and monopoly.
I am looking at investors risk factors. Most business depends on investors, Investors do NOT engage any fraud at all, they just lend money to whatever companies needs and when company gets busted with fraud, who is going to lose the most? It is not the owner of the company, it is the investors that get their ass burned.
oh... my... I'm lol'ing big time. you're absolutely so clueless. investors do not engage in any fraud at all? LOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOL
oh man... I can't wait to tell my brother about that. they are engaging in fraud and insider information on daily basis because of 2 things - loopholes and lack of federal oversight.
do you know how many of them gets caught? 0.0000000001% of them.
do you know why? because the SEC is basically useless most of time. many former SEC employees are working for companies they've investigated before and SEC boss is/was a former CEO of company that has been investigated by SEC (guess what? check up on current SEC boss's background)
do you know who goes to jail when a company gets caught? CEO and some. investors walk away free with $$$$$$$ in hidden accounts with no way for government to seize them.
Madoff case was pretty much the biggest one where a lot of investors got their ass burned but that's a Ponzi scheme. this relay fraud was not a ponzi scheme. it was a perpetual fraud.
perhaps you should subscribe to WSJ and you'll see that just about every b/millionaire has been investigated and indicted for fraud-related case or similar.... and that includes Bill Gates, Warren Buffet, and Donald Trump. the sad part? they get a slap on the wrist... just a piddly fines which is like a parking ticket to them and whatever.
Investors are NOT that stupid, they WILL research before invest anything and when they see too many relay provider doing scam, they (Investors) will pull their money away from them (Future Relay providers) thus making it harder for anyone who wants to start a Relay business.
I bet credit scores for relay industry is much lower than average, that is where it hurts the most.
do you realize that relay industry is not for profit? what do you think why majority of relay companies are created by hearing people? do you think it's out of their kindness? don't be naive.
investors are not stupid. of course not! that's why they're rich and we're not. they don't care about our needs. they don't care about you. they don't care about anything except $$$$$. there's always money in everything and they see easy ka-ching in deaf population because it was so easy to make huge money from it in a very short time with very little federal oversight... with such high $$ per minute from relay service... it was so easy to defraud the government and they can easily get away with it.
You are comparing to bigger picture like Bernie Madoff, that kind of industry is so huge that they easily overshadow Relay industry, Relay industry is so small that they CAN easily wiped out, as compared as Madoff's industry where there are tons of other industry like Madoff's, that is why it does not affect them, but Relay, it is completely different ballgame.
I don't think you realize the consequences of Madoff's fraud. and I don't think you understand what you're talking about. bigger picture? relay industry wiped out? what? what are you talking about? relay industry is not in competition with Verizon, Sprint, etc. relay industry is not profit-driven. relay industry relies on federal funding.
relay industry is not being wiped out by competitions. it's the people who lost interest in keeping the engine running because they're not making big money from it. that's greed.
the similarity between Madoff and relay industry is that it was so easy to get rich because of lack of federal oversight and regulations. . now that they got caught.... the repercussion was serious and very damaging. now there are numbers of changes in laws and reforms... rough start but it's for better good.... just like telecom industry.
And you said, there are always other one, do you realize there could be ONLY ONE left and I don't think anyone else willing to jump in IP relay business with revenue of only $1.30 a minute.
And I grew up in Steel City, I have witness how damage to Steel Industry when government and unions have took over them, now 99% of steel business in Pittsburgh is FOREVER gone! Once they had 27 Steel mills when I was born, now only one left, and it is very small company, who now do the steel industry? It is in China! Why China? Less regulations, that is why!
And if Sorenson goes out of business, ConvoRelay CAN be affected and can go out of business. Don't take this lightly!
you're comparing relay business with steel factories... I see.
this is where your argument is invalid and there's no end to this so we'll just do this - you just believe what you want to believe and we'll leave it at that.