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Re: LoveTrades post# 4252

Monday, 05/21/2012 10:16:30 AM

Monday, May 21, 2012 10:16:30 AM

Post# of 4759
Classic scam. Create a webpage with pictures of underprivileged people and promise to uplift their lives by providing X. This stuff is so awful, because it not only defrauds people, but also hurts efforts of legitimate charities which REALLY help people who need it.

If wrspq ultimately does liquidate (and this is not a negotiating strategy to force some kind of action, like the prior threat to de-orbit the two sats), then this case needs to be investigated for fraud. Only a federal inquiry will be able to determine if this BK was legitimate, or a means to siphon funds. A review of the public documents is insufficient to determine the real activity that has occurred to date. If you examine the legal billing documents, they say absolutely nothing about what these law firms were doing on behalf of their "clients". Same with the big invoices from Quest Turnaround Advisors. Nebulous invoices in, real hard cash out. That sounds like fraud to me.

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