|
 |
SPAM-FREE SITE
We do NOT spam. Various multi-level marketers and
other criminals have recently sent out spam impersonating
us, and having our return e-mail address, so that
people would complain about spam and cause us to
be shut down (a/k/a "joe job"). These
multi-level marketers and other criminals have engaged
in this form of cyber-terrorism because our telling
the truth about their fraudulent schemes was hurting
their ability to sell to new victims. Fortunately,
our ISP now recognizes that these fake spams are
bogus and ignores them, and additionally we are
duplicating this site on numerous other servers
(including "hardened" servers as well
as our own proprietary servers) so that we cannot
be harmed by these multi-level marketers and other
criminals. Death to Spammers! |
|
| CAUTION:
This web page was drafted by Quatloos!, and it has
not given permission to anybody to reprint it. Various
scam artists have attempted to copy or "knock
off" this web page to their own web sites (sometimes
making minor changes in an attempt to avoid infringement
of copyright laws) to promote their scam services.
If you see what you believe is a duplicate of this
page, be careful because you are dealing with some
very sleazy people for whom deceit is their modus
operandi and who will not only give you shoddy services,
but probably embezzle your money from you as well. |
|
|
|
|
|
HYIP-Prime
Bank Scam Gallery
("Didn't
you read the stuff about Breton Woods? Your money cannot be touched,
you will make 80%
per
week on it, and it benefits international humanitarian projects
abroad . . .")
|
UNITED
STATES SECURITIES AND EXCHANGE COMMISSION
Litigation Release
No. 15760 / May 28, 1998
SECURITIES AND
EXCHANGE COMMISSION V. WALTER CLARENCE BUSBY,
Civil Action No. 1: 97-CV-2653 (N.D. Ga.)
The Securities
and Exchange Commission announced that on May
1, 1998, the Honorable Thomas W. Thrash, United
States District Judge for the Northern District
of Georgia, entered an order of permanent injunction
and other relief against Walter Clarence Busby
("Busby"). The order permanently enjoins
Busby from future violations of Section 17(a)
of the Securities Act of 1993 and Section 10(b)
of the Securities Exchange Act of 1934 and Rule
10b-5 thereunder. Busby was ordered to pay disgorgement
in the amount of $15,000 representing the gains
he received from sales of interests in three prime
bank schemes, along with prejudgment interest
thereon. Payment of the disgorgement and prejudgment
interest was waived based upon Busby s sworn financial
statement which indicate an inability to pay the
ordered amounts. Busby consented to the relief
without admitting or denying the allegations set
forth in a complaint, filed by the Commission
on September 11, 1997. In its complaint, the Commission
alleged that Busby violated the antifraud provisions
of the securities laws by offering and selling
investment contracts in connection with three
different prime bank schemes. Using misrepresentations
and omissions in each of the three schemes, Busby
raised money for purported trading programs in
"prime bank" notes by fraudulently representing
to investors that the investments were risk-free
and that the ventures would pay returns ranging
from 750% to 10,000%. In total, Busby raised nearly
$1 million from more than 70 investors. None of
the investors earned the exorbitant returns promised
by Busby.
|
|
|
Return
to HYIP-Prime Bank Scam Gallery
|
