Replies to post #85047 on SUTIMCo International Inc (SUTI)

[Kool Aid Man]

Only Eddie would try to take credit for a bankrupt criminal pyramid scheme. Here's the lowdown on IGI and Eddie's role in it. This is where he became obsessed with using "art" to scam with. He tried launching his own version several times (and failing) before he discovered penny stocks.

Here's a summary I made Saturday, 05/07/11 10:30:12 PM in reply to: retired 51 post# 40098
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62867407

and...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=62865439

And this excerpt--

Seriously delusional! The PR goes on to claim he "walked away from millions for ethical reasons." Well below is an archived link to the monthly "Actual Earnings of Active Independent IGI Members" list which still exists (see below). This is the entire list of earnings for members just prior to IGI going bankrupt and screwing 30,000 people out of over $16 million. This statement shows Vakser's "TNT Art" near the bottom of the first page having earned a grand total of $123,885.00. While not insignificant, $123k is a far FAR cry from the tens of millions he claims he personally generated. http://wayback.archive.org/web/20051125083751/http://www.igi-art.com/earnings/earnings.pdf?

The archived list has been corrupted and no longer works. However---

Stanly A Leitner was running both IGI Art (a product based pyramid scheme) and a Ponzi scheme called Megafund that targeted ministers. Both scams were later determined to be listed as "assets" in a much larger scam (see links above). Leitner was sentenced to 17-1/2 years in prison. He's in his 70's so he'll likely die there. His cohort --Bradley Stark-- got 23 years in 2012 so he's got 20 to go. https://archives.fbi.gov/archives/dallas/press-releases/2012/former-riverside-california-man-sentenced-to-23-years-in-federal-prison-for-running-investment-scheme-that-involved-more-than-200-victims-and-more-than-14-million

If Eddie want's to take personal credit for helping these guys run a related scam (asset) that stole over $100 million from hard working people then let him. The FBI can connect the dots