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Pastimes : Tri-West Investment, Haarlem, off shore SCAM? -- Ignore unavailable to you. Want to Upgrade?

To: Roger Bodine who wrote (1)	5/10/2001 3:48:27 AM
From: Roger Bodine	Read Replies (1) \| Respond to of 14

more... doc.state.pa.us For Immediate Release: February 12, 2001 Pennsylvania Halts Unregistered Activity by San Diego Firm: Tri-West Investment Club Harrisburg, PA, February 12, 2001 - - The Pennsylvania Securities Commission issued a Summary Order to Cease and Desist against Tri-West Investment Club (Tri-West), Jason Kingsley, President of Tri-West, and Robert R. Pickel, a member of Tri-West located in Ronks, PA (Lancaster County), to halt the offer and sale of unregistered securities by an unregistered agent in the Commonwealth. Located in San Diego, CA, Tri-West has an advertisement on the Internet relating to investing in Tri-West. The Web Site does not contain the disclosure set forth in Regulation 203.190. In January 2001, Pickel offered an opportunity to invest in Tri-West's investment club to at least one Pennsylvania resident who had no pre-existing relationship with the respondents. Offering materials indicate that investor funds are pooled to purportedly invest in Bank Debentures (Investment), with a one-year term, and that, "An investor will receive a return on the Investment of ten percent per month." According to the Web Site, "Tri-West pays a referral bonus to the referring member of 15% of the referred investment and 15% of the earned income of the referred member." The Commission directed the respondents to make no further offers or sales of the Investment in Pennsylvania. The Investment issued by Tri-West is a security under the Pennsylvania Securities Act of 1972. The Investment is neither registered nor exempt from registration under Section 201 of the 1972 Act. Pickel acted as an agent of Tri-West while not registered in Pennsylvania. The respondents violated the anti-fraud provisions of the 1972 Act. In connection with the offer to sell the Investment, the respondents failed to disclose the material facts that, during the period from May 2000 to January 2001, Kansas, Illinois, South Dakota and West Virginia issued orders against Tri-West for making unregistered offers of securities and a Texas order cited the respondent for making misleading statements in connection with fraudulent trading programs. Any further solicitations or sales made by these respondents in Pennsylvania will constitute violations of the 1972 Act and the Commission's Orders. Any person who is solicited by or has information about these respondents is asked to immediately notify the Pennsylvania Securities Commission by calling 800-600-0007, or, in Harrisburg: (717) 787-8062, in Pittsburgh: (412) 565-5083 or in Philadelphia: (215) 560-2088. Contact: Michael G. Brennan, Counsel Division of Enforcement & Litigation 717/787-8062 or 800/600-0007

To: Roger Bodine who wrote (1)	5/10/2001 7:17:26 AM
From: ISOMAN	Read Replies (1) \| Respond to of 14

This is starting to sound more familiar. I am pretty sure I recall ads in the Globe and mail as well as some spam on Raging bull regarding this. My problem is , is that there are so many of these scams being perpetrated out of Alberta using offshore accounts....that I can't keep up. The first one I remember was a visa card program where you sent $100 U.S. to join and get an offshore VISA at low interest. 30,000 people joined before the scam fell apart I forget the name of that one. There was also the global prosperity group. They are muc like the one you have posted only you bought these cassette tapes for $1000s (no I never joined any of these)