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To: Jeffrey S. Mitchell who wrote (1821)8/1/2001 10:48:12 AM
From: Jeffrey S. Mitchell  Respond to of 12465
 
OT: Re a couple of interesting sites about scams

Site #1 is essentially a message board set up to warn about and to discuss possible scams

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We've had just about every type of scam cross our email in the 12 years we've been on the Internet. Programs that claim you'll make money, and end up giving you nothing. Scams; from HYIP (High Yield Investment Programs) to chain letters, and more.

You know, the ones that profess you'll make a million dollars from joining their programs? Yeah, Ok! We have a bridge for sale, for those who believe in half the hype that comes through their email.

Tell me something, don't you think it's about time you fought back by getting an education concerning the facts? We did! Quite frankly, we became tired of all the hype and lies, the companies were telling.

So, we decided to gather as much information as we could on the subject. Once we started on our path, we realized just how vast the amount of information available to us, was. What an education we received!

It's time to fight back folks! It's time to learn that all the hype you receive, is just that - hype!!! Now, the problem is what to do about the programs that proclaim it? Worse yet, what happens if you were taken by some of these programs? What if you lost your home, your friends (because you promoted it to them,) or more?

Then, it's really time to fight back! How? Let us show you the easiest way to do so. The authorities give you the information, if you know where to look. Most of this information is free of charge.

We bring that information to you, all in one place. There are never any charges to get this information from the authorities, and we don't charge anyone to bring it in either. Our purpose is to help you to find out reality, and to assist the Victims of Scams.

Please be advised; we are neither attorneys, nor are we government officials, but we are adamant about taking the scams off the web.

In order to do this, we need as much assistance as we can get, from ordinary people like yourselves. If you would like to assist us, please feel free to contact us at: assist@victimsagainstscams.com

We hope you'll find our sources of information helpful.

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See How We're Trying to Help the Victims

Hosting/ISP Service which was set up to help the victims monetarily.

Victims lose their money to scams daily. So, we decided to give some of it back to them.

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What's Happening with the Company Now?

Ok, so you filed a case against the company, or others have. Now you have no clue what's happening with it? Then this is the place to find out.

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Forum

This is our main forum, where you can find out all sorts of information about scams, companies, and the way things work. You can even speak to others, who are in the same type of situation as you.

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How Some of the Scams Work

You aren't sure where to start? No problem! All you have to do is take a little time to read this section. It covers many of the known types of scams, on and off the Internet.

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Contact Us

You can always contact us, should you need further questions answered. Please, don't hesitate to contact us. We're here to help. If we can't assist, we can generally point you to someone who can.

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What's the Real Facts Concerning Legalities?

You aren't sure of the laws that protect you? There may be too many laws, but many of these laws are to your advantage. Find out what the authorities tell you concerning your state, and your laws.

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Named Companies Reported

People do come forward about the companies. Find out what they're saying about a particular company.

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Presentation

See our flash presentation, if you want to know what types of things to avoid, or what to do to protect yourself.

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Major Announcements

You can find out the latest reports coming in, from the authorities, media, etc.

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Newest Scams to be Aware of.

We tell you what to watch for, concerning companies, and other scams.

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Check Out the Company Before You Join

You will probably have questions concerning the companies. Ask others, or us, to look into it for you. See what others are saying about them, for yourself.

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Tell The World

This is the place to tell the rest of the world about the situation. Don't worry, you won't get people telling you to just let it go here. Everyone here, wants to know which companies are taking others.

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Which Agency to Report it to, and When?

It's very confusing who to report the companies to, and when. Where do you start? Start right here. Who handles what? Follow the link above to find out.

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Actual Complaint Forms.

So, you've decided to come forward about your loss. Great! The problem is, many of the agencies complaint forms are difficult to find. So we placed the links for the complaint forms here, so you wouldn't have a problem finding them.

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victimsagainstscams.com

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Site #2 was set up by a woman who had been scammed numerous times and finally caught on.

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Welcome To Friends In Business
(Home of Scams 101)

a friendly support system
for anyone in business or thinking about it

Thanks for coming!

Friends In Business is a place where anyone who owns a business or is thinking about starting one can find support and friendship, some great new ideas, plenty of old ideas.... and LOTS more advice than you ever wanted.

This site grew out of my Personal Passion.

Over a terrible three-year period, I fell for so many scams and just-plain-rotten "opportunities" that I nearly put my family in the poorhouse.

(What's that you say? It could never happen to you? BWAHAHAHAHAHAHAHA!.... )

(sorry)

The turning point came when I discovered the Internet and fell face-first into The Information Age. Until that day, I thought I was just stupid.

I had no idea I had been victimized.

And that's when I saw red.

I got busy and formed a "support group" of 600+ people all scammed by the same very nasty company we dubbed "The Scummit." The FTC finally took over the fight (but not until The Scummit boarded up the place and ran away with our money).

After that, the drama died down, and....

well....

you guessed it.

I needed a place to play.

Friends In Business is a little different than the typical anti-scam site, in that we take more of an educational approach....

Our mission is to teach you what to look for so you can smell when something isn't quite right and save yourself from just about ANY "biz op" scam.... from chain letters to the dreaded "Opportunity Seminar." (Once you can dodge the goons in the blue blazers and escape through the back door without even being TEMPTED to buy a "Business In A Box," you're ready to take on the world!)

Our policy here is total honesty, so I'll start with introductions:

We're four generations of real people working together in the family business.

Our address is 4140 Oceanside Blvd., Suite 159-362, Oceanside, CA 92056-6005 (that's in North San Diego County). Our phone/fax number is: (760) 726-3087. We'd love to hear from you. (Our address and phone number are conveniently parked at the bottom of every page on the site; no need to remember where you found them.)

You can meet me face-to-face at Four and A Half Minutes of Fame. (Like most of our links, this one will open a second browser window, so you can look around all you like without getting lost; just close the window when you're finished, and you'll be right back here where it's just about impossible to miss anything.)

Before I go any farther, I probably should tell you, this "Scams Crusade" is my own thing....

My family thinks I'm obsessed (or possessed, I can't remember which but it's definitely one of those).

So as you might expect from one possessed, my favorite place (and the first "must see") is Scams 101.... a free (and comical) crash course in biz-op self-defense especially designed for anyone who's ever been tempted.

Don't even think of leaving 'til you pay a visit to The Message Board.... it's the friendliest entrepreneur's forum on the net and a great place to bounce around ideas, check out new opportunities, or just hang out with some really nice people.

And if you've tried it all and you're convinced making money in your jammies is just a myth.... I'm here to tell you it isn't. My hand-picked Best Last-Chance Business Opportunities are 100% scam proof. Don't misunderstand me.... I'm not promising you'll succeed, because no matter what anyone tells you, NO opportunity is for everyone, NO product sells itself, and there is NO SUCH THING as a "turnkey business." What I am saying is that I've had personal experience with each one of these, and I know beyond a shadow of a doubt that they are legitimate. Three out of the four, however, require some pretty heavy-duty face-to-face selling, and that gives me hives.

Which brings me to my next point . . .

After massive losses that even my own family didn't know about until I spilled my guts on the internet, I finally managed to get it right. That means I found what works FOR ME. I emphasize FOR ME because each of us has to find our own niche; it just so happens that I found mine on the internet.

If making money in cyberspace appeals to you but you don't have the slightest inkling where to start and you don't have a product and you don't even have any ideas for a product, take a look at Where Do I Start? The "overnight millionaire" promises are just plain silly and they've landed a lot of trusting souls in bankruptcy court, but it's a fact that regular people just like you and me are making money on the net. I'm doing it, and a lot of my Board Buddies have already been able to quit their full-time jobs. (Leaving my transcription business behind is my goal. I'm not there yet, but my family couldn't survive at this point without the money I make on the internet every month.) It isn't easy, and it sure isn't "overnight." It takes time and dedication (and loving it helps!) . . . but if we can do it, so can you.

Now back to my "little boo-boos" . . .

None of them did my credit rating any good. But I recovered, and I did it on my own. I mention this early on because so many people who find their way to Friends In Business and Scams 101 are already knee-deep in doo-doo, and I know first-hand that if I could Get Out of Credit Card Hell Without Declaring Bankruptcy.... you probably can too.

That's just a tiny sampling of what Friends In Business has to offer....

There are menus everywhere to help you navigate the other stuff.... and please don't forget to BOOKMARK our site so you can find your way back (right now would be good!).

(Speaking of menus, my other passion is transforming yo-yo dieters into thin people without exercise; without pills, potions, or other stupid stuff; and without hunger, deprivation, or celery sticks. So if you dearly love your food but hate what it does to you, pay me a visit at Formerly Fat: Permanent Weight Loss for Wimps when you get a chance.)

I hope you find something valuable here.

Lesley Fountain
aka MaaMaw

friendsinbusiness.com



To: Jeffrey S. Mitchell who wrote (1821)8/23/2001 9:58:41 PM
From: Jeffrey S. Mitchell  Read Replies (2) | Respond to of 12465
 
Re: 8/23/01 - [IFTA] OTCBB Newswire: Shareholders File $5 Million Class Action Suit Against Infotopia; Infotopia Responds to $5 million Class Action Suit

Shareholders File $5 Million Class Action Suit Against Infotopia

Houston, TX -- (OTCBB NEWSWIRE) -- August 23, 2001, Just as many suspected a reverse split was inevitable for Infotopia Inc. (IFTA: .59), many more suspected since the reverse split, a lawsuit by the shareholders would follow. Today, Goodkind Labaton Rudoff & Sucharow LLP (GLRS) announced that it has filed a suit in the United States District Court for the Northern District of Ohio against Infotopia, Inc. and four members of the company's senior management for stock fraud. The plaintiffs, twenty-six stockholders of Infotopia, are seeking a minimum of $5 million in damages and have asserted a claim for punitive damages.

Named in the suit aside from Infotopia (IFTA) are Daniel Hoyng, Infotopia's chief executive officer and chairman of the board, Ernest Zavoral, the company's president and a director, Marek Lozowicki, an officer and a director, and Clinton Smith, an attorney who is also a director.

The complaint alleges that the plaintiffs were induced through a series of false and misleading statements made by the company's senior management between June and September 2000 to exercise warrants to purchase Infotopia stock. The stockholders exercised their warrants in mid-September by surrendering promissory notes issued by Infotopia that provided for the return of principal within 270 days together with 10% interest.

The stockholders claim that they relied on statements by Hoyng and other officers and directors that the "Torso Tiger" sales "will continue for many years to come" and that earnings of 20 cents per share could be "safely projected" "for this fiscal year." In fact, according to the complaint, Infotopia discontinued the sale of this product as of December 31, 2000 and the company reported a loss of over $16 million dollars for the three months ending November 30, 2000 and a loss of over $26 million for the ten months ended December 31, 2000. Other false and misleading statements alleged in the complaint relate to an announced Letter of Agreement for a $20 million financing package that was characterized in an August 4, 2000 press release as a "real home run for our company." In a letter to the shareholders on September 28, 2000 Hoyng disclosed that the Letter of Agreement was in fact only a letter of intent that never materialized into any financing for Infotopia.

The stockholders further assert that the false and misleading statements had the effect of causing the stock price to rise from 12 cents per share on August 23, 2000 to $1.12 per share on September 12, 2000. Several of the insiders sold hundreds of thousands of shares through September 20 realizing substantial profits. The suing stockholders' stock was not registered by the company until over a month later when the stock price had dropped to the 20 cent per share range. Adjusted for a recent 200:1 reverse split, the stock is currently trading at less than a half a cent per share.

The plaintiffs are represented by Mark S. Arisohn, Esq. of the New York law firm, Goodkind Labaton Rudoff & Sucharow LLP, a national leader in securities fraud litigation. For a copy of the complaint, please go to the GLRS web site, www.glrs.com. For additional information or comments, please contact Mr. Arisohn. at 212-907-0840.

At 2:27 EST, IFTA is falling .105 (15%), on volume of 255,700. In many of OTCBB News Network stories we place emphasis on the old adage, "if it sounds to go to be true, it usually is." If the shareholders win this litigation, this will be another case for the argument.

otcbbnn.com

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Infotopia Responds to $5 million Class Action Suit

CANFIELD, Ohio-- (OTCBB NEWSWIRE) -- August 23, 2001, In a press release issued this evening, Infotopia Inc. (IFTA: .44) denies the allegations in the action commenced today in federal court in Ohio ("Ohio Action"), to the extent that they are set forth in today's press release by the plaintiff's law firm Goodkind Labaton Rudoff & Sucharow LLP.



The press release by Infotopia, claims some of the plaintiffs in the lawsuit brought against the company are also defendants in a lawsuit commenced by the company in New York. The company has instructed their attorneys to investigate whether a preliminary injunction against these individuals in the New York case applies in the class action case.



Daniel Hoyng, Infotopia CEO and Chairman stated "We categorically deny these allegations and will continue our business as usual," in the press release today. He also feels the action brought today is an attempt to circumvent the judicial process in New York.

IFTA closed down .255 (35%) in today's session. See Shareholders File $5 Million Class Action Suit Against Infotopia .

otcbbnn.com