What is a scam is this clown's write-up. Prosper is not a scam, it's just a poorly run venture.
I think we should tell him (or her) to edit some of those lines highlighted by Urbi. For instance, the article takes on more credibility if we go with:
Many Few investors have made between 9.00% and 14.00% APR back on their money.And...
There are a few many people that have made bad loan decisions that have lost money investing in loans.
And personally, I felt my decisions were good. It's the borrowers that have failed to uphold their end of the bargain. If only I were Chase or Citi and could raise the rates of my remaining borrowers to make up for the shortfall. Would be nice to be on the other side of "universal default-ing" someone...