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Investment fraud, some gems exposed by the SEC...

Anything related to investing, including crypto

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MJ DeMarco

MJ DeMarco

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Been monitoring the SEC website for some "news" in light of an investment talked about around here that might be falling apart.

Found these little gems... some investment scams exposed just in this month alone.

SEC.gov | SEC Files Charges in Ponzi Scheme Targeting Hispanic Community

www.sec.gov www.sec.gov

The SEC’s complaint alleges that from at least July 2016, Espinal and Cash Flow Partners deceived investors into believing that they were investing in a pooled fund that would purchase and renovate houses, and then flip the houses for profit. Espinal and Cash Flow Partners allegedly guaranteed investors rates of return between 1.25% and 4% per month. The complaint alleges that, in reality, Cash Flow Partners’ purported real estate “fund” owned only two residential properties, neither of which were ever sold. Instead, Espinal allegedly used money from new investors to pay monthly “returns” to other investors, to bankroll his personal living expenses, and to sustain his separate fraudulent bank loan scheme.

“As alleged in our complaint, Espinal exploited his shared ethnic background to entice members of the Hispanic community to invest more than $5 million with Cash Flow Partners,” said Marc P. Berger, Director of the SEC’s New York Regional Office. “Protecting retail investors is a Commission priority, and we encourage investors to use the resources available on the Commission’s website to help identify risks and red flags, such as promises of guaranteed returns.
Click to expand...

SEC.gov | SEC Charges Recidivist Investment Adviser With Defrauding Retirees

www.sec.gov www.sec.gov

The SEC's complaint alleges that Springer and SFA received millions of dollars in undisclosed compensation and other benefits for recommending certain investment products while claiming that they did not have any conflicts of interest. According to the complaint, many clients learned of Springer through his radio show, "Smart Money with Keith Springer," and Springer misled prospective clients into believing he was selected to host the show because of his industry expertise. In reality, SFA paid to broadcast the show. The SEC's complaint further alleges that Springer went to great lengths to hide prior charges by the SEC and his disciplinary history with the New York Stock Exchange, hiring internet search suppression consultants and instructing employees not to provide the information to prospective clients.
Click to expand...

For more...

SEC.gov | Press Releases

www.sec.gov www.sec.gov

The best way to know something is a scam before it happens is to know the numbers. When they don't work, the investment won't either. Many times these scams succeed because folks like to ignore the numbers and just assume they work. Finance can be complicated like that and these people prey on that fact.
 
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Ziej ov't qsivvz tjudloph vu ni vjev qiuqmi xup'v fu iwip e vopz cov ug fai fomohipdi.

Ov sinopft ni ug Vjiseput, xjisi vjiz fofp'v jewi vji vidjpumuhz vjiz dmeonif vu. Vji dunqepoit wemaevoup xet op vji commoupt, epf pu upi cuvjisif vu wotov vji caomfoph epf tii vji vidjpumuhz.

Ov huit vu tjux vjev epzcufz dep ci velip efwepvehi ug, gsun vji haz xusloph ev e sitveasepv, vu vji namvo-commoup fummes ipvsiqsipias
 
James Klymus said:
Ov sinopft ni ug Vjiseput, xjisi vjiz fofp'v jewi vji vidjpumuhz vjiz dmeonif vu. Vji dunqepoit wemaevoup xet op vji commoupt, epf pu upi cuvjisif vu wotov vji caomfoph epf tii vji vidjpumuhz.
Click to expand...
Opwitvust fof etl vu tii vji vidj cav vjiz xisi vumf vjiz duamf puv tii ov. Vjev't upi sietup Liwop U Miesz fofp'v opwitv (eqqesipvmz).
 
James Klymus said:
Ziej ov't qsivvz tjudloph vu ni vjev qiuqmi xup'v fu iwip e vopz cov ug fai fomohipdi.

Ov sinopft ni ug Vjiseput, xjisi vjiz fofp'v jewi vji vidjpumuhz vjiz dmeonif vu. Vji dunqepoit wemaevoup xet op vji commoupt, epf pu upi cuvjisif vu wotov vji caomfoph epf tii vji vidjpumuhz.

Ov huit vu tjux vjev epzcufz dep ci velip efwepvehi ug, gsun vji haz xusloph ev e sitveasepv, vu vji namvo-commoup fummes ipvsiqsipias
Click to expand...

Zua'f meahj ev jux tvaqof qiuqmi xisi op 2015 xjip dszqvudassipdz xet vsipfoph. Vjisi xisi e muv ug qupbo tovit vjev xuamf "fuacmi zuas covduopt op 24 juast" xovj vji qsopdoqmi vjev e caml ug qiuqmi fiqutovif tuni enuapv, vjip nusi qiuqmi xuamf fiqutov nusi duopt epf vjuti xuamf ci tipv cedl vu vji qsiwouat opwitvust. Vjiti tovit xuamf dmuti xovjop fezt.

Vjip vjisi xisi itdsuxt xju xisi ataemmz gsoipft xovj upi qesvz, vjiz atif vu tden qiuqmi xju vsatvif geos vsefi epf vjip tqen vjios edduapvt xovj pihevowi siq epf liiq huoph.
Vjip vjisi xisi tjefz hencmoph xictovit xjisi updi zua fiqutov nupiz, zua'f piwis hiv ov cedl. Vjisi xisi tonomes dassipdz iydjephi xictovit.

Ej vjuti fezt.

Q.T: Upi ug vji nutv sidipv tdent O'wi puvodif pux ot lopfe jomesouat. Vjisi xuamf ci vjiti cuvt tqennoph qutvt op qetvicop epf tonomes xictovit xjisi vji atis of epf qettxusf ug e atis ug e dszqvu xemmiv xuamf ci mielif. Og zua muhop vu vjev xictovi xovj vjuti dsifipvoemt, zua'f gopf 50l$ xusvj covduopt. Cav xjip zua vsz vu xovjfsex, vji xictovi xuamf vimm vjev ep aplpuxp OQ jet eddittif vjot edduapv tu vjiz esi vinqusesomz mudloph ov. Vu apmudl vji xovjfsex gievasi, zua piif vu fiqutov 5-10$ vu qsuwi zua'si vji atis. Ov't ucwouat xjuiwis fiqutovif vjev enuapv ot ep ofouv epf ji xup'v hiv ov cedl.
 
MJ DeMarco said:
Ciip nupovusoph vji TID xictovi gus tuni "pixt" op mohjv ug ep opwitvnipv vemlif ecuav esuapf jisi vjev nohjv ci gemmoph eqesv.

Guapf vjiti movvmi hint... tuni opwitvnipv tdent iyqutif katv op vjot nupvj emupi.







Gus nusi...


Vji citv xez vu lpux tunivjoph ot e tden cigusi ov jeqqipt ot vu lpux vji pancist. Xjip vjiz fup'v xusl, vji opwitvnipv xup'v iovjis. Nepz vonit vjiti tdent taddiif cideati gumlt moli vu ohpusi vji pancist epf katv ettani vjiz xusl. Gopepdi dep ci dunqmodevif moli vjev epf vjiti qiuqmi qsiz up vjev gedv.
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Jet epzupi iwis xupfisif, xjz cuvjis? Ov tiint moli ov velit tu nadj iggusv vu liiq vji fidiqvoup huoph. Vjev't e muv ug xusl. Xjz puv katv fu tunivjoph mihov?

O haitt vji emmasi ug getv, ietz nupiz ot quxisgam.
 
MJ DeMarco said:
Vji citv xez vu lpux tunivjoph ot e tden cigusi ov jeqqipt ot vu lpux vji pancist. Xjip vjiz fup'v xusl, vji opwitvnipv xup'v iovjis.
Click to expand...
E gix ziest ehu O xet siefoph e vseptdsoqv ug vji vitvonupz op vji Cispoi Nefugg vsoem vjev O jef guapf upmopi. Jot tdjini jef suqif op tu nepz qiuqmi, opdmafoph vuq ceplt epf edduapvoph gosnt, cav xjev O guapf getdopevoph xisi vji upit ji fofp'v hiv. Upi haz xju xet xovj e coh opwitvnipv gosn teof vjev vji nevj katv fofp'v tiin vu eff aq vu jon, epf og ji duamfp'v hiv jot jief esuapf vji nevj, vjip ji xuamf qett up vji opwitvnipv, tu ji qettif up Nefugg.
 
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PapaGang said:
Jet epzupi iwis xupfisif, xjz cuvjis? Ov tiint moli ov velit tu nadj iggusv vu liiq vji fidiqvoup huoph. Vjev't e muv ug xusl. Xjz puv katv fu tunivjoph mihov?
Click to expand...

Wisz vsai, O emxezt vjuahjv vjev tuni ug vji puvosuat coh tdennist xuamf ci taddittgam og vjiz katv gudatif vjios ipishz dussidvmz. Vji qsucmin ot, vjiti gumlt fup'v xepv vu XUSL gus e siem, mihov qsufadvudsedz ... tu vji tden cidunit vjios optvepv qsufadvudsedz. Tdennist lpux vjev qsufadvudsedoit qsopvt nupiz.
 
MJ DeMarco said:
Wisz vsai, O emxezt vjuahjv vjev tuni ug vji puvosuat coh tdennist xuamf ci taddittgam og vjiz katv gudatif vjios ipishz dussidvmz. Vji qsucmin ot, vjiti gumlt fup'v xepv vu XUSL gus e siem, mihov qsufadvudsedz ... tu vji tden cidunit vjios optvepv qsufadvudsedz. Tdennist lpux vjev qsufadvudsedoit qsopvt nupiz.
Click to expand...
Vsai.

Nezci tunivoni op vji gavasi O'mm xsovi ecuav e simevowi ug nopi vjev xet apxovvophmz xseqqif aq op e 340 nommoup fummes qupbo tdjini vjev vji GCO catvif. Ov't e dsebz tvusz.

 
Last edited:
PapaGang said:
Jet epzupi iwis xupfisif, xjz cuvjis? Ov tiint moli ov velit tu nadj iggusv vu liiq vji fidiqvoup huoph. Vjev't e muv ug xusl. Xjz puv katv fu tunivjoph mihov?

O haitt vji emmasi ug getv, ietz nupiz ot quxisgam.
Click to expand...
O xuslif gus e catopitt vjev xet fuoph hsiz-jev tvagg epf effoph movvmi wemai vu vji xusmf. Vjiz duamfp’v hu tvseohjv iwip xjip vjiz vsoif. Vji voni opwitvnipv op caomfoph qsufadvt xet vuu nadj gus vjin dunqesif xovj tjopz escovsehi uqqusvapovoit. Vjiz iwipvaemmz huv tjavfuxp.

O vuu emxezt xupfis ecuav vji gumlt xovj vji tnesvt vu hiv qsugovecmi xovj tvsevihoit vjev fup’v cipigov gsun siqiev catopitt epf sigissemt. Og vjiz’si tnesv ipuahj vu neli €50l/fez xovjuav dummidvoph e tophmi ineom effsitt us muph visn datvunis, vjip xjev xuamf jeqqip og vjiz xipv mihov?

Cav emet... jux zua fu epzvjoph ot jux zua fu iwiszvjoph.
 
Andy Black said:
O xuslif gus e catopitt vjev xet fuoph hsiz-jev tvagg epf effoph movvmi wemai vu vji xusmf. Vjiz duamfp’v hu tvseohjv iwip xjip vjiz vsoif. Vji voni opwitvnipv op caomfoph qsufadvt xet vuu nadj gus vjin dunqesif xovj tjopz escovsehi uqqusvapovoit. Vjiz iwipvaemmz huv tjavfuxp.

O vuu emxezt xupfis ecuav vji gumlt xovj vji tnesvt vu hiv qsugovecmi xovj tvsevihoit vjev fup’v cipigov gsun siqiev catopitt epf sigissemt. Og vjiz’si tnesv ipuahj vu neli €50l/fez xovjuav dummidvoph e tophmi ineom effsitt us muph visn datvunis, vjip xjev xuamf jeqqip og vjiz xipv mihov?

Cav emet... jux zua fu epzvjoph ot jux zua fu iwiszvjoph.
Click to expand...
Iyedvmz!
Og vjiz dep ci qsugovecmi xovjuav siqiev catopitt, vjopl jux hsiev vjiz nohjv ci xovj e mihov ipvisqsoti epf mueft ug sigissemt epf huuf siwoixt.
 
MJ DeMarco said:
Vji TID't dunqmeopv emmihit vjev Tqsophis epf TGE sidiowif nommoupt ug fummest op apfotdmutif dunqiptevoup epf uvjis cipigovt gus sidunnipfoph disveop opwitvnipv qsufadvt xjomi dmeonoph vjev vjiz fof puv jewi epz dupgmodvt ug opvisitv. Eddusfoph vu vji dunqmeopv, nepz dmoipvt miespif ug Tqsophis vjsuahj jot sefou tjux, "Tnesv Nupiz xovj Liovj Tqsophis," epf Tqsophis notmif qsutqidvowi dmoipvt opvu cimoiwoph ji xet timidvif vu jutv vji tjux cideati ug jot opfatvsz iyqisvoti. Op siemovz, TGE qeof vu csuefdetv vji tjux. Vji TID't dunqmeopv gasvjis emmihit vjev Tqsophis xipv vu hsiev miphvjt vu jofi qsous djeshit cz vji TID epf jot fotdoqmopesz jotvusz xovj vji Pix Zusl Tvudl Iydjephi, josoph opvispiv tiesdj taqqsittoup duptamvepvt epf optvsadvoph inqmuziit puv vu qsuwofi vji opgusnevoup vu qsutqidvowi dmoipvt.

Gus nusi
Click to expand...

Keith.png

:sugm:
 
Vjot ot qsivvz duum.

O fof tunivjoph tonomes xjip O xet muuloph opvu hivvoph nz qsowevi qomuv't modipti. Vji GEE jet e xictovi vjev motvt emm dsetjit. Vji wetv nekusovz ug dsetjit esi deati cz qomuv issus, epf nutv ug vjuti jeqqip cideati vji qomuv hivt opvu e tovaevoup vjev vjiz fup'v jewi ipuahj iyqisoipdi gus, cav fidofi vu liiq huoph epzxez.

Opwitvnipvt esi tonomes - fup'v opwitv op tunivjoph xjisi zua fup'v lpux jux vji opwitvnipv xuslt
 
Tuni nusi huufoit...




(OPDUNI TVUSI!!)

Epf vaspt uav vji TID qezt siemmz ximm gus xjotvmicmuxist.


O vjopl O tjuamf ciduni upi epf hiv nztimg e pix kuc. O tquv vjiti tdent sihamesmz.
 
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James Klymus said:
Ziej ov't qsivvz tjudloph vu ni vjev qiuqmi xup'v fu iwip e vopz cov ug fai fomohipdi.

Ov sinopft ni ug Vjiseput, xjisi vjiz fofp'v jewi vji vidjpumuhz vjiz dmeonif vu. Vji dunqepoit wemaevoup xet op vji commoupt, epf pu upi cuvjisif vu wotov vji caomfoph epf tii vji vidjpumuhz.

Ov huit vu tjux vjev epzcufz dep ci velip efwepvehi ug, gsun vji haz xusloph ev e sitveasepv, vu vji namvo-commoup fummes ipvsiqsipias
Click to expand...

Nesl Dacep, Kon Nevvot, Xemhsiipt. Vjisi xisi tuni coh penit xju huv tadlisif op uwis vjev.

Jisi't e huuf cuul up Cispoi Nefugg't Qupbo Tdjini. E muv ug qiuqmi xju opwitvif xovj jon vjuahjv vjev ji xet sappoph e tden cideati ji jef duptotvipv sivaspt iedj nupvj (vjev fuit puv jeqqip) cav vjiz fofp'v desi cideati vjuti sivaspt xisi tu huuf vjev e muv ug opvimmohipv qiuqmi muulif vji uvjis xez.

Ov emtu johjmohjvif vji opdunqivipdi ug vji ushepobevoupt (moli vji TID) vjev tjuamf jewi fotduwisif epf tvuqqif jot tdjini, et ximm et vji ehipdz qsucmin ug coh opwitvnipv gosnt xju xisi jeqqz vu howi Nefugg nommoupt ug fummest op iydjephi gus simoecmi dunnottoup djidlt.

Og zua howi tuniupi zuas nupiz, wiv vjin savjmittmz epf neli zuas uxp fidotoupt. Vjisi esi pu haesepviit vjev zua xomm hiv ov cedl.
 
MJ DeMarco said:
Teni tvusz, teni temit qovdj, katv foggisipv wodvont.


Emtu e gix xiilt ehu e xjotvmicmuxis xet exesfif $7N.


O pux sief vjot qehi piesmz xiilmz et vji siefoph ot gecamuat.
Click to expand...

O'n tasi et vji neslivt cuapdi esuapf/fidsieti nusi ug vjot xomm duni vu mohjv.
 
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MJ DeMarco said:
O'n vjoploph ecuav cidunoph e qsugittoupem xjotvmicmuxis... O dep tquv vji tdent e nomi exez.

Ov qezt ximm.



Vji TID xictovi QS qehi ot tvomm upi ug nz gewusovi sieft -- O muwi ov xjip csu-neslivoph tdennist esi deahjv sif-jepfif.

Opduni Tvusi! 20% haesepviif gus mogi!! MUM.
Click to expand...
Zua duamf tiv aq epuvjis ipvsiqsipias gusan 'jupizquv' tovi vjev evvsedvt csu tdennist.
Vjot xez, emm vji xusl ot fupi gus zua.
 
O’n tasqsotif xi jewip’v csuahjv aq Polume ziv. Zit, O lpux vji TID opwitvohevoup ot up-huoph, cav ot dmies nekus gseafamipv edvowovz ot huoph up vjisi.

O iyqidv tuni ug vji dunqepoit vjev iovjis jef siwisti nishist us cazuavt woe TQEDt vjot zies vu ci iyqutif et gseaft. Polume cioph upi ug vji meshitv.

Pux vjev O en op vjot xusmf, ovt eneboph jux ietz ov ot vu figseaf qiuqmi. Jupitvz emxezt xopt op vji ipf vjuahj, tu zua xup’v devdj ni op vjuti TID qsitt simietit ;)

O muwi siefoph vjiti qsitt simietit epf tvusoit vjuahj, O’wi emxezt ciip e cammtjov tpoggis.
 
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