Stats of a Scam: 12DailyPro's $500M stash & other figures

by James Ryan Jonas

You know 12DailyPro (www.12dailypro.com) is now considered a scam. You also know thousands of investors lost millions in this program. What you don't know, however, are the actual figures.

Read on and be amazed at the statistics and figures related to the 12DailyPro (12DP) scam.

The Court-appointed receiver for 12DP, Thomas F. Lennon, released on September 2006 his first interim report on 12DP. In the report, he mentioned several statistics that prove how grandiose a scam 12DailyPro was. Take a look:

* * * * * * * * * *

Total amount of money invested in 12DailyPro: $514,347,135

Total number of unique investors by user ID: 175,187

* * * * * * * * * *

With these figures we now can accurately say that thousands of people from around the world indeed lost millions in 12DP.

But the stats are just getting better:

* * * * * * * * * *

Total 12DP money placed in e-gold: $93,650,774

Total 12DP money in EMO: $8,074,488

Total 12DP money in Stormpay: $385,828,897

* * * * * * * * * *

12DailyPro's demise started when Stormpay froze more than $386 million of funds. With more than 75% of its money frozen, 12DP ultimately cannot pay its members anymore. There's no other way for the program to go but down. Its collapse was imminent.

More juicy stats:

* * * * * * * * * *

One person had the biggest loss amounting to $49,901;

One person obtained the largest profit of $512,621;

64,000 investors lost less than $5,000 in 12DP;

5,100 lost more than $5,000;

41,000 investors did not sustain a loss at all.

* * * * * * * * * *

Where do you belong in those stats?

More details about the 12DailyPro scam here.


---------
About the author:
Pinoy Money Talk is an online community of Filipinos involved in various online and offline investment and money-making opportunities.

Published at Nov, 29 '06 ; read 1143 times;

If you liked this article subscribe to the Free HYWD Newsletter

   

No comments so far. Be the first to comment!

Now get syndicated content on all recently published or updated articles!

Or add to your favourite RSS readers: