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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! |
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| 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. |
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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
Washington, D.C.
Litigation Release No. 17403 / March 7, 2002
SECURITIES
AND EXCHANGE COMMISSION v. JOSEPH LLOYD NORRIS,
MARK GRAY COLEMAN, MAGELLAN COMMUNICATIONS GROUP,
LLC, and NORTHERN LIGHTS FINANCIAL, LLC, No. CV-N-02-0112-DWH-VPC
(D. Nev.)
SEC
FILES FRAUD CASE AGAINST NEVADA INVESTMENT ADVISERS
On
March 7, 2002, the Commission filed an action
in the United States District Court for the District
of Nevada charging four Nevada defendants with
defrauding their investment advisory clients.
The defendants are Joseph Lloyd Norris and Mark
Coleman of Carson City, Nevada, and Magellan Communications
Group, LLC, and Northern Lights Financial, LLC,
two Nevada companies through which Norris and
Coleman operated.
The
Commission's complaint alleges that the defendants
raised approximately $8.5 million from more than
thirty clients by promising to invest the money
in offshore "trading programs" that
would generate returns of four to seven percent
per month, or the equivalent of 48 to 84 percent
per year. According to the complaint, these "trading
programs" had the characteristics typical
of fraudulent "prime bank" schemes,
which have been the subject of dozens of Commission
enforcement actions over the past decade. The
Commission charges that Norris and Coleman lost
approximately $6 million of their clients' funds
in their attempts to invest in such "trading
programs," then sent their clients fictitious
account statements concealing the losses. The
Commission also charges that Norris and Coleman
continued to encourage clients and prospective
clients to deposit money with them without disclosing
the losses.
The
Commission's complaint charges each of the defendants
with securities fraud in violation of Section
10(b) of the Securities Exchange Act of 1934 and
Rule 10b-5 thereunder. The complaint also charges
Norris, Magellan and Northern Lights with investment
advisory fraud in violation of Section 206 of
the Investment Advisers Act of 1940, and charges
Coleman with aiding and abetting those violations.
The Commission is seeking an accounting, injunctions,
disgorgement of ill-gotten gains (with interest),
and civil penalties against all defendants.
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