NIR Group

[mythical_phenix]

That is simply outstanding! LOL! What I want to know, though, is who the evil 'Purchaser' is?

Furthermore, in November and December 2008, Ribotsky purported to sell $43.2
million of the AJW Funds' assets to a third-party (the "Purchaser") in an apparent effort to show
investors that NIR was continuing to generate cash (or realized gains) in the fourth quarter of
2008. The Purchaser, however, did not pay cash for the AJW Funds' assets; rather, he signed
"promissory notes" agreeing to pay the full $43.2 million purchase price in cash within 3-6
months. The Purchaser defaulted on the promissory notes and never paid for the assets, yet he
continues to own and control the assets and has not returned them to the AJW Funds.