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Pastimes : Investment Chat Board Lawsuits

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To: Win-Lose-Draw who wrote (3660)9/4/2002 9:52:39 PM
From: mmmary  Read Replies (1) of 12465
 
Medinah: they are insane!

They will twist anything! Just because the bribe was structured in a "normal" way as per scammy otcbb companies does not make legal. There are other companies doing these illegal bribes/kickbacks in the same way. Just because they haven't been nabbed yet means nothing. Look at these scammy companies. They "loan" cash to "investment consultants" and insiders who then don't pay back the loans. Kickback! They give lots of free trading shares in exchange for "consulting services." Kickback! They give shares for "transaction fees" in convertible financing so the discount won't look quite so big. Call it what you like but they are being paid for doing things which are not on the up and up.

I can't believe he wants to be able to get off on the technicality about "fund manager" vs "fund agent." The fbi dude probably also didn't say "I'm joe smith, fbi agent, badge number 3345, residing at 123 Maple Street and I'm trying to snare you in a sting, please sign that you're guilty here." I bet they still would have taken their money knowing Medinah.

What I'm not too fond about is that this sting has been in operation since 1999. During that time Valentine, Medinah, the other scammers mentioned, have ripped off other people of billions of dollars combined. Who cares that much if no one got ripped off in the stings. If only they could have nabbed them back in 1999. I realize things take time but let's hurry things up. In the real world, you rob a 7-11, you're out, you go to jail. In the world of public companies they get 1,000 strikes and they're still allowed to swing at investors savings.

Notice this guy was let out on bail.
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