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Re: StockFraudStopper post# 27089

Friday, 01/11/2013 7:29:54 AM

Friday, January 11, 2013 7:29:54 AM

Post# of 41931
Congratulations - you unmasked the BGMO fraud! - there is no huge fortune of cash in any BGMO account.
Hillard Herzog treats worthless paper from made-up National Wealth International as "funds".

It is important that a few are willing to call out the fraud -- because so many others cravenly hop on the band wagon because this is profit opportunity as long as they can duck responsibility since it is Herzog's neck. Paid promotors like Quality Stocks justify taking money to repeat Herzog's claims, because -- hey, that is their job. It's not evil if the check clears and they can hide behind disclaimers or claim "legal opinion" relieves them of responsibility, despite obvious evidence of fraud and ample opportunity to question the facts themselves. This is how Madoff ran his Ponzi scheme for so long == see no evil as long as I can profit and deny responsibility.

Herzog uses these false and misleading PR ploys repeatedly, but very notably in June 2010 when worthless SBLCs from another fake entity (U.S. Capital Trust) were announced as "funds deposited today into Bergamo's account". Shockingly, people today are willing to unquestioningly repeat Herzog's false stories, despite clear evidence over years of his lies.

I am glad a few will stand up against the chorus of dishonesty - the world needs more people like you.

It is entertaining to parse the announcements to reveal just how Herzog "justifies" what to most of us are blatant lies. He uses rambling dissembling PRs with imprecise language to create excuse that his words were technically accurate. That will be his argument to lawyers, regulators, etc. and he is sticking with it to the day he dies. I'd love to see how he explains his way around reporting $243 million of Cash on financial statement as not a criminally false statement.

Everything I post is my personal opinion.

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