Replies to post #40008 on Citadel EFT Inc (fka CDFT)

[janice shell]

#7 Until its booked as an asset it does not exist and no fraud has been committed, Some mistakes, yes, Crimes NO.

I don't know where you get the idea that fraud has not been committed until it's memorialized in a 10-K. The "bonds" were bought and paid for by DeRoos. He knew, or was reckless in not knowing, that they were fake.

That is fraud.

[Realityhurts]

I believe that the investment came to fruition after the conference call that said sell the current common shares and get rich off of the preferred share dividend. It seems that most complied. Very ripe fruition, if I may mix the two meanings of the word :-)