March 19, 2013 at 9:37 pm #11077
Disclaimer: ScamVent is a private donation funded and volunteer staffed, organization dedicated to providing public records of State and Federal Securities’ enforcement activities to the investing public. All individuals and/or organizations found herein are considered innocent until proven otherwise in a proper legal forum. A securities violation does not, alone, constitute, nor should it, solely, ever be considered, “criminal activity”. However, “criminal activity” can be associated with securities violations. For example, when offering “unregistered securities”, a company may violate Section 5 of the Securities Act of 1933 by sending offering material to a prospective client, which can constitute mail fraud. Mail fraud is a “criminal activity” and can create a “cascading effect” that may lead to further “criminal activity”.
Therefore, a securities violation constitutes a “Red Flag” event at ScamVent and leads to a warning that the violation, not the violator, has been associated, in the past, with individuals/ organizations that have been involved in previous securities violations and possible criminal activity.
Anyone contemplating an investment should always scrutinize an offer very carefully before writing a check. Individuals and companies found on ScamVent should be considered in light of a securities violation, however, having a securities violation should not disqualify the investment; due diligence should disqualify an investment.
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5. If the post is, indeed in error, we will not be allowed to post a public apology on our site as is our policy. The post will simply go away.
6. If the post proves to be true, we will not attempt a “re-enable” it. We will instead place the post at:
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7. If the post proves to be true, we reserve the right to put in motion a full investigation of the individual/s and/or organization/s.
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