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Re: None

Tuesday, 08/03/2010 10:48:18 AM

Tuesday, August 03, 2010 10:48:18 AM

Post# of 76488
Investors of Vega Biofuels have most likely been abused through a massive (ponzi) scheme, where the company has no other real function than selling stock in connection with releasing news about fictitious projects, that it claims would generate revenue in the future.

The scheme has continued since at least from the autumn of 2007, when the company used the name Vega Promotional Systems (VGPM), claiming it was arranging poker tours.

All the investors who have lost money in Vega, should act collectively to get Mr Michael K. Molen into justice.

All the parties affiliated with company, including the ones, who have benefited from the sales of stock of VGPM/VGPR should be investigated, as they are in a way or another, part of the supposed scheme. Such money cannot be considered to be lawfully earned, and the accounts, where the money has ended, should be investigated. I refer to the investigation of Bernard L. Madoff, who ran the largest ponzi scheme in history, and is now jailed.

Let us start collecting details on how much each investor has lost money in Vega Biofuels (VGPR) and Vega Promotional Systems (VGPM).

My loss is: $13,785