Sure they can. Nothing wrong with renting out office space.
Quite correct, these type of scammers will rarely own property. They will rent venue/office space and homes. They may make as if its theirs, but it very rarely is. People just believe its theirs and that they are invested in real estate - still part of their smoke and mirror operation.
They will typically show off the house (or sometimes office) which they are renting, never saying that it belongs to them, but their believers believe its theirs.
They pay a lot for the rent, but its all from member’s money anyway so cost them nothing out of their own pockets, but it helps to sell their con. Property means nothing to them and it can only tie one down. Only thing that matters are people - and their money.
Some may buy property and put in their wife’s name, but they are amateurs. When the bubble burst everything gets liquidated which were bought with ill gained funds.
Its also not so easy to wash money through property anymore (except if you have insider gov connections) and one needs to declare where the funds are coming from when purchasing property - see the problem with that?
Now, they may turn this around and spin it that they are so confident in MTI to make them money that you would rather put all their own money into MTI and not into fixed property. That can only be believed if they themselves have invested large sums 'of their own money' into MTI, but once a again, the top tier MTI execs probably put in nothing else than to 'buy into' this scam to get it off the ground. They actual money comes in from the Members and then this ponzi drives itself, until such time as enough people catch on.
I also do not think that these people are necessarily getting/taking mega-bucks here. They are paying out such exorbitant gains, that although it brings in lots of new members, it also eats at the money coming in almost as fast.
What I can predict is that this particular scheme will balloon faster than most and then implode pretty spectacularly and end up as a 'white dwarf' in galaxy of Ponzi's.
I can almost guarantee that the true experienced and slippery king pins here (Marks, Ward, Gray, etc.), have not owned fixed property for quite some time and probably carry their passports on their person.
Sign up with Google
