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Re: don schild post# 159556

Thursday, 10/30/2008 7:44:08 AM

Thursday, October 30, 2008 7:44:08 AM

Post# of 169274
I've heard that it was sometime this month. Two years after the halt. Of course, if no one goes after him, he was always off the hook. LOL! His postings to those that decided to remain faithful was part of the plan. Those of us that realized what has happened and know he's a crook simply decided it wasn't worth it to spend another dime to go after him.

Here's more info (I'll Bet Alana will guide you to the right direction):

http://www.securitieslaw.com/statutes.html#limitations

State consumer protection statutes of limitation. Some state Consumer Protection Acts specifically include securities claims, while other states do not cover securities transactions as a protected class of activity. In some states which include securities transactions under their Unfair and Deceptive Trade Practice Act, there may be a provision for equitable tolling of the time limitations period. For example, under the Massachusetts Unfair and Deceptive Trade Practice Act, which explicitly covers securities transactions, the limitations period is four years from when the investor knew or should have known of the fraud.



Statutes of limitations for common law claims of fraud and misrepresentation. Limitations periods for claims of fraud or misrepresentation vary from state to state. Most states tend to be within the two to six year range, although there is generally equitable tolling for discovery and fraudulent concealment. A claim for fraud must be brought within three years in Massachusetts, but the time period is measured from when the customer knew or should have known of the fraud, and the clock does not start ticking as long as the broker is concealing the fraud. Under New York law, a claim for fraud must be brought by the later of six years from the event or two years from discovery.

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