Velatel Global Comm. (fka VELA)

[IsaacIronridge]

The Final Months of the $VELA Scam/Fraud

- A pump in late 2016 (to sucker in remaining buyers so the Alvarez friends and family could fleece one last time?)

- Early 2017... CMMobile fails and shuts down while a fake merger is claimed

- Spring 2017... VELA & CMMobile sites disappear

- May 2017... the SEC suspends $VELA

- All the while George Alvarez and Colin Tay have vanished

I would certainly believe VELA still at least has some assets out of this. I would bet George Alvarez and his fraudster clan will allow VELA shareholders to hold the bag while the friends and family will be of benefit of whatever remaining assets there are. No one will know because no one cares. Their hope is that this will just fade away, which it will. Unless of course, "Dawgface69" uses his stack of correspondence and goes after George Alvarez. LOL

What a total scam.