Can you beat 50% per month? Message Board

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Strategies & Market Trends : Can you beat 50% per month?

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To: Jon Scott who wrote (2522)

9/23/2023 2:23:14 PM

From: Smiling Bob

of 19256

MAWI was one of many frauds back then
Message #2522

Message 16316099

To:dudedudedudewho startedthis subject	9/7/2001 3:39:46 PM
From:Arcane Lore	of 106

Summary of the SEC enforcement action from today's SEC Digest: SEC CHARGES BAY AREA "INTERNET INCUBATOR" WITH FRAUD AND REGISTRATION VIOLATIONS The Commission announced today that it has sued M & A West, Inc. ("MAWI" or the "Company"), a self-proclaimed "Internet incubator" engaged in developing Internet-related technology companies. According to the Commission, since 1999 MAWI and various persons affiliated with the Company have reaped more than $20 million in illegal profits by selling unregistered securities to investors, in violation of the registration provisions of the federal securities laws. These persons funneled millions of dollars through various secret accounts back to MAWI, which fraudulently reported the funds as revenue from operations which did not in fact exist. MAWI was based in San Bruno, California throughout the course of the scheme, and has recently relocated to Liberty, Texas. Also named in the Commission's complaint, filed in the Northern District of California, are:

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