On October 17th, 2007 we initially warned of a potential investment scam called Pathway-2-Prosperity operated by a man named Nick Smirnow based in Canada. (Original story can be found here.) At the time, there were many supporters of this “investment” as can be concluded from the comments left by its members. About a [...]
We wrote about the litigation initiated by the SEC against GlobalOnlineDirect a year ago in July 2007. As predicted, when the government gets involved issuing a cease and desist order for these types of online “investments”, any hopes of recovering lost money for the majority of the investors is only wishful thinking. [...]
It is official. We are putting Worldlpp.com and Worldlpp.net into the scam category. Numerous attempts to contact the admin, Conrad Addison, and the company itself have been fruitless. It appears that the program had run away with the investors’ money, shut down the sites and no longer communicating with their investors.
The last [...]
On May 4, 2005, the United States Securities and Exchange Commission issued a Temporary Restraining Order and froze the assets of Capital Enhancement Club (CEC) based upon a preliminary showing of securities fraud (complaint). Larry E. Cook was appointed the Receiver and the site www.ceclubreceiver.com was set up as a reference for investors.
Two and [...]
We do not suggest anyone signing up on this site or investing any money with Rolfund . You will never see your money again. The last news update from Chris the admin is as follows:
Withdrawals suspended Indefinitely
Withdrawals suspended Indefinitely
Due to The US Government Indictment Against E-GOLD Our payment Processor
ALL withdrawals are suspended Indefinitely.
All [...]
It is unfortunate that GlobalOnlineDirect is now confirmed as a bona fide scam by the SEC. The government litigation has now put the businesses of G.O.D. into receivership. When visiting the site, one is redirected to the Grassmueck Group which is the appointed Corporate Monitor. You will find all the details [...]
