Premier Investment Properties Inc (fka PIPI)

[UpstateChris]

Based on several requests I am posting this information..

Investing in Pink Sheets stocks is highly risky...we all know that. That said, every investor has the legal right to know the risks they face. Pink Sheet companies often are extremely small and trying to introduce a new product/line/service. Most fail. Things like Oxygen Orchard are typical. There is huge risk, and also a real (and usually rare) possibility of fast, large % gains.

That said, even Pink Sheet investors have the legal right to be informed of the risks they are taking. A company executive or investor relations person that is informed/complicit or even another investor that intentionally posts information known to be fraudulent for the purposing of increasing the share price is actually illegal.

The SEC generally looks at individual companies and rarely aggregates them into a single case. The FBI, until recently, only took action if a victim sustained a $25K loss or greater. This has changed. With the introduction of the FBI's White-Collar Crime division and specifically the National Cyber Investigative Joint Task Force they have been taking a new approach. They have established an Internet Crime Complaint Center here:

http://www.ic3.gov/default.aspx

I recently had a meeting with a Special Agent to discuss the details (entirely unrelated to any stocks, so stop speculating...). The rational behind the new program was the wave of email and other online scams that stole a few hundred to a few thousand dollars from hundred or thousands of victims. The new program allows the FBI to take complaints filed against a person/group/company and aggregate them into a single case once the total loss reaches their $25K line.

http://www.fbi.gov/about-us/investigate/white_collar

Notice "Pump & Dump Stock Scams" are listed. I would suggest reading this article:

http://www.fbi.gov/news/stories/2010/january/fraud_012910

If you invested in this stock, and have documented losses, and you made the decision to invest based on information you believe was knowingly posted as false, I would strongly encourage you to click the IC3 link above and from the top of the page click File a Complaint.

If you are a victim of fraud than only you can do something about it. Actions will only be taken to end the blatant fraud if enough people take action. Think about it.