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Prime Bank & HYIP Gallery

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 . . .")

Washington, D.C.

Litigation Release No. 17244 / November 21, 2001

Securities and Exchange Commission v. W. David Blunk, Jr., Aubrey John Elam, Jr. and Stanley C. Eaves; Civil Action File NO. 5:99-CV-372(HL)

The Securities and Exchange Commission announced that on November 5, 2001, Judge Hugh Lawson of the United States District Court for the Middle District of Georgia entered Final Judgments of Permanent Injunction Against Defendants Aubrey John Elam, Jr. and Stanley C. Eaves restraining and enjoining each of them from future violations of Sections 17(a) and of the Securities Act of 1933 ("Securities Act") and ordering each of them to pay a civil penalty in the amount of $25,000 apiece. Elam and Eaves each consented to the entry of the Final Judgment of Permanent Injunction without admitting or denying the allegations of the Commission's complaint.

The Commission's complaint alleged that the defendants committed securities fraud by repeatedly offering to sell fictitious prime bank securities to Mercer University. According to the complaint, Blunk, Elam, and Eaves misrepresented that an investment of $5 - $10 million dollars would generate returns of 120% per year and that the safety of Mercer's principal would be guaranteed by one of several well-known European banks. The SEC also alleged that Eaves and Elam misrepresented what they were told about the investment by officials of a prominent Charlotte bank and by an FBI agent they spoke with in London. The complaint further alleged that the defendants misrepresented that the University could earn a return of 50% on an investment of $10 million in just 25 days.

See also: L.R. 16288 (September 22, 1999)

from: http://www.sec.gov/litigation/litreleases/lr17244.htm


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