The original "perps" - Robin Moody (Dublin OH), James DiPrima, (Omaha NE) - had a number of SEC complaints filed against them back in the 2007 time frame. They also had an IRS issue for back taxes (941 form) from some previous enterprise (they have had many). That cost them about $100k but in selling the shell to a sadly naive Harry Schoell, they netted enough to deal wioth everything and move on, leaving Harry totally befuddled (and the poor guy still is that way - even more so now).
DiPrima split from Moody years ago because although Robin Moody was a good "purse snatcher" (= he could get direct investment dollars), he also brought a lot of overt risk. Dangerous.
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