Tag: Enron accounting
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DEVELOPING STORY: JSS/JBP’s Frederick Mann Tells Americans, Canadians That Company Is Paying Them With Money From ‘New Members’ And That Firm’s Theoretical Income Streams May Be Insufficient To ‘Pay The 2 Percent’
“Where does JustBeenPaid get the money to pay that kind of interest?” — Caller “Michael” from “San Francisco” in March 15 JSS Tripler/JustBeenPaid conference call “Well, first of all, JBP or JSS Tripler is a revenue-sharing program, so that means some of the money comes from new members buying positions. Then, we are in the…