Replies to post #39462 on CSG Inc. (fka CYSG)

[Rich]

It doesn't. Either way, his dealings have led to the liquidation of AJW, that includes CYSG. Now the SEC will deal with this crook too.

[Taking_Profits]

Are You Kidding Me? In The Very first Paragraph IT STATES

http://www.sec.gov/news/press/2011/2011-194.htm

The SEC alleges that Corey Ribotsky and his firm The NIR Group LLC repeatedly lied to investors to hide the truth that his PIPE investment and trading strategy was failing during the financial crisis. For example, Ribotsky falsely told investors that despite the adverse market conditions he could liquidate all of the PIPE investments in 36 to 48 months — a practical impossibility given the size of the investments. Meanwhile, Ribotsky misused investor money by writing checks to pay for personal services and such luxury items as a Lexus, Mercedes, and Rolex watch .