Artfest International, Inc (fka ARTS)

[Kool Aid Man]

Eddie LIED in SEC flings about his Picasso

IMO he used these lies to deceive investors who, as a result, lost all their money. In short, Eddie used the credibility and implied endorsement of the SEC to help perpetrate his deception.

The Securities Act of 1933 --Often referred to as the "truth in securities" law, the Securities Act of 1933 has two basic objectives:

1)require that investors receive financial and other significant information concerning securities being offered for public sale; and

2) prohibit deceit, misrepresentations, and other fraud in the sale of securities.

The full text of this Act is available at: http://www.sec.gov/about/laws/sa33.pdf

EARTH TO EDDIE... YOUR "SAFE HARBOR STATEMENT" WILL NOT SAVE YOU FROM THE SEC OR IRS IF YOU HAVE COMMITTED FRAUD AS DEFINED ABOVE