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Re: packerfan9 post# 7395

Sunday, 03/13/2011 1:31:19 PM

Sunday, March 13, 2011 1:31:19 PM

Post# of 55135
Well, they, by their actions and non-actions, convict themselves of fraud in my eyes. They have PR'd consistent falsities. And, when they are proven wrong, they do not correct and/or apologize, but just go on to the next false report. The biggest ones, in my eyes, are the "buy-out" which ripped off many people who believed them, and the NI which, I guess, they thought people would believe what they said it said without actually reading it. Some people did, and lost whatever they invested, unless they managed to get out as soon as someone read it and let them know what was really in it.

The fact that they use SEC forms to, evidently, try to deceive people into believing that they really filed with the SEC, and didn't just post it on pinksheets, is also, IMO an attempt to commit fraud. Unfortunately, our law enforcement seems to be intent on going after the people that they can get money from, not the ones who are trying to get money under false pretenses. I am not even sure that the severity of the crime makes a difference to them, everything on both sides of the law appear to be after the same thing.....money. IMO

I admit, though, that the sheer multitude of scams out there in this stock market, has got to make it difficult to come anywhere close to closing them all down. It is really sad.