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janice shell

08/01/14 12:08 PM

#73737 RE: StockdungU #73736

Oh, I remember Dodi from way back.

janice shell

08/01/14 12:33 PM

#73739 RE: StockdungU #73736

Oh lord. Check this out:

The SEC's complaint filed in U.S. District Court for the Northern District of Georgia alleges that, since as early as 2004, the defendants Lawler and Freedom Foundation have offered investors the opportunity to eliminate their debts and collect lucrative profits through the purchase of so called “administrative remedies” (“ARs”). Defendants have told potential investors, according to the complaint, that every individual had funds established for them in an account at birth -- where, by whom, and in what amount the supposed account is established are details Lawler does not provide. Defendants further told potential investors that the investors therefore did not owe their creditors for mortgage and other debts, and that Freedom Foundation would use its unique and proprietary process to create the ARs, which would eliminate the investors’ debt and provide a lucrative financial return. The complaint alleges that defendants told potential investors that a $1,000 AR would cancel the investor’s debt and return $325,000 to the investor, while a $10,000 investment would supposedly entitle the investor to receive $1 million when the AR funded. According to the complaint, Freedom Foundation claimed it would fund the ARs through a mysterious process involving a Papal decree…

http://www.sec.gov/litigation/litreleases/2014/lr23054.htm