$300,000 ponzi scheme on BlackHatWorld — play-by-play

http://weirderweb.com/2013/02/05/do-you-trust-the-black-hat-a-300000-internet-marketing-ponzi-scheme-at-work/

Right now, there’s a group of black hatters who have lost $300,000 to a scammer. The victims are wondering how they managed to get so thoroughly blindsided. Was it the illusion of honor among thieves? Was it plain naivete, greed, stupidity, delusion, desperation or a costly combination of all of the above?