Artfest International, Inc (fka ARTS)

[Kool Aid Man]

Taking personal credit for a $100 million scam is simply mind boggling. Of course he neglected to give the name --International Galleries, Inc. And he also failed to mention that the demise of IGI left 30,000 creditors (most of them consumer distributors such as himself) owed millions. http://www.bizjournals.com/dallas/stories/2006/02/20/story7.html
But according to this press release http://www.prweb.com/releases/2007/04/prweb521227.htm Edward Vakser spins his miniscule involvement with IGI in terms that even Donald Trump would find over the top!

Once again.. if someone will publish unsubstantiated, grandiose crap like this then they have completely lost their moral compass!

The reality is that IGI was a listed "asset" of a much MUCH larger scam (see page 26 on the following link.. next to Megafund.. the Ponzi scheme run by IGI's 'owner')
http://www.haysconsulting.net/correllhorizon/01-23-06%201st%20Interim%20Report.pdf that resulted in several people going to prison.
http://www.justice.gov/usao/gan/press/2008/03-20-08c.pdf
http://www.startribune.com/local/east/24090309.html?page=1&c=y
http://www.sec.gov/divisions/enforce/claims/horizonestablishment.htm

The point I'm making is this: THESE are the sort of people who owned International Galleries, Inc --a company Eddie Vakser claims to have personally taken from "$10 million to $100 million in LESS THAN 6 MONTHS." IMO, the timing of this "most recent success" touted in this April 25, 2007 press release could only refer to his involvement in IGI. His spinning a tale about 'taking the moral/ ethical high road' by leaving a company that was going down in flames and the "tremendous amount of respect" he garnered by doing so is.... IMO, delusional.