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Pastimes : Investment Chat Board Lawsuits -- Ignore unavailable to you. Want to Upgrade?

To: John Sladek who wrote (1144)	2/26/2001 2:33:19 AM
From: rjm2	Read Replies (1) \| Respond to of 12465

Colin Smith of the JAWS scam bilked investors of over $10 million. The SEC made him pay back about a million, took back a house he bought his exwife, an SUV and a piece of property in mexico. The rest was safely hidden in offshore accounts thus he gets "forgiven" because of a "demonstrated inability to pay". $50 million + was lost in this scam. A bank robbery might be $20-50k and is usually done with no violence whatsoever and no real people lose money. The bank robber gets 10 years in prison, and the scamster is a multi-millionaire even after pacifying the SEC.