Mining Company research board

[1manband]

SEC busts Arizona Mining Scam

https://www.sec.gov/litigation/complaints/2018/comp24064.pdf

Why bother lying about a real property when you can just make one up? Sad they were able to steal $6 million with both a non-existent property AND non-existent processing technique.

"Jersey, Tager, and the solicitors misrepresented to investors and/or omitted to disclose to investors that, among other things, Jersey was owned and operated by a convicted felon (Tager), Jersey had no BLM claim, Jersey’s technology was not commercially viable, Jersey had no material revenues, the value of Jersey’s physical assets was insufficient to secure Jersey investors, Jersey funds were dissipated through personal use by Jersey principals Tager, Mangum, and Freitas, and some Jersey investors were repaid with funds raised from subsequent Jersey investors (i.e., a Ponzi scheme)."