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THIEVES TAKE REFUGE IN BANKRUPTCY

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In Texas, we call them high rollers. They reap the benefits of these laws that, for all intents and purposes, are supposed to protect law-abiding citizens who make costly errors in judgment within the company for one reason or another.

I lost, or rather gave away, $20,000 recently to a newly formed company in Utah. And I probably wouldn't have minded had I lost the money because of unforeseen expenditures or cost overrides within the company due to the economy.But every now and then, you have individuals who swoop down like buzzards, run a scam on unsuspecting people, collect millions of dollars, pocket the money, then fly away, back to their Chapter 11 bankruptcy nest.

I don't know what you call it in Utah, but from where I was born and raised at in Texas, we call it stealing. And that is getting about as low as a snake's belly in a wagon rut.

What I lost is a drop in the bucket compared to what the others lost. I, along with other investors, am paying the price tag on these high rollers.

After all, it's only logical to use someone else's money instead of your own for all the luxuries life has to offer. Why not? They're living high on the hog on other people's hopes, dreams, stupidity, ignorance and, let's not forget, greed. We probably wouldn't have gotten ourselves into this mess if it wasn't for greed, more or less. All depends on how you perceive financial stability.

In any event, I suppose we deserved what we got. It just makes it difficult for legitimate companies to get investors, to trust them with their money. Especially when you have these fly-by-night corporate executives within a company robbing you blind and then running to the law for protection.

However, I will say this, them boys are good. It took a lot of forethought and business knowledge to come up with impressive-looking reports, core samples, authentic unregistered certificates that were worthless.

All in all, I would like to suggest that those men thoroughly enjoy what they were able to obtain through deceit. Because when the Lord has his day of reckoning, and the books are opened at judgment, they are not going to be able to hide behind the Chapter 11 bankruptcy laws. And I guarantee they won't have enough money in this world, nor the next, to buy their way out of what is to come.

Faye Morgan

Edna, Texas