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Microcap & Penny Stocks : HITSGALORE.COM (HITT) -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (1832)	6/7/1999 5:06:00 PM
From: Q.	Respond to of 7056

Houston Chronicle: Dorian Reed touted bogus business opportunities. In reading the following articles, recall that IBB was Dorian Reed's company, and its business is very similar to that of HITT. Here's the Houston Chronicle article: The Houston Chronicle March 05, 1998, Thursday FTC to crack down on fraudulent e-mails WASHINGTON - Federal consumer protection authorities moved for the first time to crack down on companies that flood consumers with allegedly fraudulent, unsolicited electronic mail messages. The Federal Trade Commission asked a federal district court in Maryland to permanently stop Internet Business Broadcasting from sending e-mails touting bogus business opportunities.

To: Janice Shell who wrote (1832)	6/7/1999 5:12:00 PM
From: Q.	Respond to of 7056

Washington Post: Dorian Reed swindled customers in an advertising scam Here's the article: The Washington Post March 05, 1998, Thursday, Final Edition SECTION: FINANCIAL; Pg. E02 LENGTH: 456 words HEADLINE: FTC Sues Online Marketer Over Alleged Spam Scam BYLINE: David Segal, Washington Post Staff Writer BODY: The Federal Trade Commission yesterday sued an online marketing company for allegedly swindling consumers in an advertising scam, marking the first time that agency officials have targeted a producer of unsolicited mass e-mail -- also known as spam. FTC attorneys said Internet Business Broadcasting, a California company that operates Internet magazines, was sued because its spam was used to defraud consumers. Executives at the company, based in Rancho Cucamonga, Calif., could not be reached yesterday for a comment. The company's listed phone number yields a recording saying that the number is no longer in service. The company's Web site at ibb.com apparently has been dismantled. Unless it contains misleading information designed to fool consumers, spam is legal and an increasingly popular advertising tactic with online marketers hoping to reach a large audience on the cheap. Computer users, however, say they are swamped and annoyed by spam and Congress now is considering a number of bills that could curb the practice eventually. The FTC has asked a group of Internet experts to study the topic. "Right now the agency is in a wait-and-see mode to see what the people in the industry and in privacy advocacy groups have to say about it," said Eileen Harrington, the FTC's associate director of marketing practices. "It's a hugely effective way to reach a lot of people and it's not, per se, a bad thing." Online experts say that few issues unite computer users quite like hostility to spammers, but a consensus has yet to emerge about what to do about them. Ricocheting around Congress are several bills offering measures ranging from the draconian, such as making spam illegal, to the incremental, such as allowing consumers to have their names removed from online mailing lists. "The question is how do you settle the privacy and speech issues while ensuring that e-mail remains a useful medium," said Deirdre Mulligan, staff counsel at the Center for Democracy and Technology in Washington. According to the FTC, executives at Internet Business Broadcasting said they operated City Edition, an online newspaper. Investors who responded to IBB's e-mailings were sold advertising space in City Edition, which then allegedly could be sold to businesses at a premium. The company offered a money-back guarantee to investors and suggested that their money would double in a year. Few investors were able to achieve anything close to those results, FTC officials said, and none got refunds. "I don't know the exact number of people scammed but we know of at least seven people who lost between $ 5,000 to $ 7,000," said Mona Spivack, an FTC attorney. "One person lost $ 12,000."

To: Janice Shell who wrote (1832)	6/7/1999 5:15:00 PM
From: Q.	Read Replies (1) \| Respond to of 7056

Arizona Republic: Dorian Reed touted bogus business opportunities Here's the article: THE ARIZONA REPUBLIC, March 5, 1998 SECTION: BUSINESS; Pg. D2 HEADLINE: BUSINESS BROWSER BYLINE: Compiled from Republic news services. BODY: TECHNOLOGY * International Business Machines Corp. won a 10-year contract to provide computer services to General Electric Co.'s big finance division, an agreement estimated to value up to $2 billion. * Microsoft Corp. said Wednesday that it has begun testing Investor, an online site where customers can track and research investments. The Redmond, Wash.-based software giant said the Web site combines software tools and content from investment information companies. * Compaq Computer Corp. on Wednesday launched its desktop personal computer, priced from $850, as part of an effort to expand its market share in the Asia-Pacific region. * The Federal Trade Commission moved Wednesday to crack down on companies that flood consumers with allegedly fraudulent e-mail. The FTC asked a federal district court in Maryland to permanently stop Internet Business Broadcasting Inc. from sending e-mail touting bogus business opportunities.

To: Janice Shell who wrote (1832)	6/7/1999 5:27:00 PM
From: Q.	Read Replies (1) \| Respond to of 7056

Next post: I've uncovered a previously-forgotted Dorian Reed credit-card scam. We all know about IBB -- the scam similar to HITT that the FTC shut down in 1998. Well this was an earlier scam. Back in 1990. It was also run by a Dorian Reed out of Rancho Cucamonga. I cannot verify that it is the same Dorian Reed of HITT, although it seems to be >99% likely. (How many con artists named Dorian Reed can there be in Rancho Cucamonga?) This scam involved credit cards. Seems that Mr. Reed took money from clients who expected to get a credit card, but he didn't send them one and he refused to give them their money back. His company was called Better Home Financial Group. This scam was reported in newspapers in 1990, but until now, I've never seen it mentioned