Replies to post #34707 on Carnegie Development Inc. (CDJM)

[FD2you]

Enron was a Blue Chip with all appearances of legitimacy, yet they were ripping off people with their fraud scheme.

Point is that just because the SEC has an S-1 filing does NOT make a legitimate company. Just because the SEC might sign off on the S-1 does not guarantee a legitimate company.

Kimmons had an S-1 that got approved once. Lots of people lost out on that fraud too.

I don't think ESCU really cares if anyone is finding their financials questionable when the Certified Auditor and the Certified SEC attorney have put their stamp of approval on ESCU's financial and SEC has not found anything wrong with them so far either.

LOL...Why picking Enron for an Example? Why not millions of other successful companies that are happy that they have SEC stamp of approval on them? Should the whole financial world stop because of Enron????

Quote:Yeah, but it took the SEC a long time to find Madoff and Enron too.