InvestorsHub Logo
icon url

22hornet

10/08/12 1:56 PM

#7420 RE: Love the Market #7418

You would only lose more money, even if you win...

A former SEC prosecuting attorney in private practice in California told me that on a 'free initial consultation' which turned into a yacking session...

He told me he could file and I could likely win but what I would have would be a very expensive piece of paper in my hand saying they owed me money...(a pink sheet pumper dumper run by a naturalized korean guy with a mail-order PhD...FRP pipe in china was the story/pitch).

He said he rarely saw disgorgements and fines paid even with the authority and power of the Federal courts behind him..that the perps would stand in front of the judge and claim destitution and they lost it to gambling/hookers/coke/friends/business partners...anything but the truth, (not that some of that may have been true).

And like another poster said no one is going to prosecute or sue...that's extremely unlikely....

However...

Don't think the end of the suspension period is the end of the story...."they've" 'got their number' now...(if they didn't have it before)....

Sidenote- Read up on that 'contact' in Fiji...there's a little racing stripe in that particular piece of laundry, too....no surprise though.