Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Jeffrey S. Mitchell who wrote (2265)	1/1/2002 9:02:05 PM
From: mmmary	Read Replies (1) \| Respond to of 12465

Yes, those investors were lonely If they weren't lonely, they would be with friends talking about the investment "offer" and getting some sensible caring feedback. They always target the old lonely people. Then when the investment goes sour the old person not only loses all their money but their only "friend" as well. There was a study on road rage. It seems that people are more mean if they are insulated from the people they are hurting, just as they are in cars. They would never give someone the finger face to face for walking slowly but if they're in a car, they are insulated from the personal feedback and just go nuts, just like some nasty anonymous posters on the internet. I think that is why it's easier for some people to con others as they're not meeting the investors they are going to fleece face to face. I really wish the SEC would do more than just slap their wrists and send them out to defraud again. This is pretty sad. My grandmother lived in a retirement home. All the old ladies there banked at the bank two blocks away. Well, Wells Fargo gave out their home phone numbers to some scammy Wells Fargo investment advisors and stock brokers. These guys would call up all the little old ladies offering them high interest rates in a Wells Fargo backed investment. They'd even say things like "we put a hold on your account because you're not making much interest. You have to come down to the bank and check out our accounts that give you more interest." Only thing is it was just a Wells Fargo employee, not a Wells Fargo investment. They were putting the old ladies into super risky stocks, ponzi real estate investment trusts... My grandmother was in the biz and told them to pound sand. If she didn't understand them, she'd refer them to me and I'd tell them to pound sand. Not one investment they ever pitched was legit. I told all the other old ladies there that they should never invest in anything offered over the phone or door to door or from the stock broker at the bank. Some didn't listen and lost it all and had to move out of there. These poor old ladies were crying telling me that even though I'd warned them, they seemed like nice people and they kept saying it was guaranteed by the bank. I went down to the bank and met with this guy who was ripping the old ladies off and gave him a piece of my mind. He said I was just an idiot who didn't understand investments. I took my first graduate course at the age of 17 in advanced research. I think I understand numbers a little. They had to call security finally ;-) I sent quite a few letters to the head of the bank telling them about how the guy ripped the old ladies off. The guy's boss just sent me a letter stating that the old ladies and I just didn't understand investing and they stand behind the guy 100%. I wish I knew more back then about how to get the SEC and others after them. To watch the old ladies crying when they lost every cent of their retirment money was so sad.

To: Jeffrey S. Mitchell who wrote (2265)	1/2/2002 3:39:55 PM
From: R.E.B.	Read Replies (2) \| Respond to of 12465

Is this free speech? Would you buy this actual product on sale on the internet? I will try to find the link, so I'm quoting it from memory only: ON LINE SPECIAL... due to lower market costs and efficiencies offered by the internet we are please to provide you a CD (Compact Disk) BURNER for the low price of $19.95. * Burns CDs in less than 2 minutes. * Work on any CD. * Very efficient * Simple instructions. * Easy to use. * Portable. * 1 Year Warranty. shipping, handling, payment terms, blah, blah, blah.... Would you buy this? The truth of the matter is that they are selling a CD Burner.... as in it literally burns them with flames. This device attaches to a small bottle of propane (like a propane torch) and has a burner you light with a match and a basket on top. You put your CD in the basket and the fire burns the CD's (actually it melts them) in about a minute. Why anyone would want to burn (melt) their CDs is a mystery to me.... but did this company do anything wrong?

To: Jeffrey S. Mitchell who wrote (2265)	1/25/2002 7:45:23 PM
From: StockDung	Respond to of 12465

Wonder is business wire sues them->U.S. SEC fakes news to educate investors WASHINGTON, Jan 25 (Reuters) - In a twist on recent investment hoaxes, the Securities and Exchange Commission on Friday issued a news release from a nonexistent company in an elaborate effort to educate investors on the dangers of casual investing. According to the fake release, biological defense systems manufacturer McWhortle Enterprises Inc. will go public on Jan. 30, 2002. The statement was issued by the SEC via PRNewswire, which disseminates financial news releases. The news release, which promotes McWhortle's track record as a well-known provider of detectors that can sense bio-hazards from as far as 50 feet away and is complete with directions to an Internet site (http://www.mcwhortle.com). However, visitors to the site are only a few clicks from a page headlined: "If you responded to an investment idea like this...You could get scammed!" The same page says the investor protection message is brought to Web surfers by the SEC, North American Securities Administrators Association, the Federal Trade Commission and NASD Regulation, a market self-regulatory group. "The entire Web site is a complete fabrication, posted to alert investors to potential on-line frauds," it says. An SEC spokesman declined to comment. The SEC, in the months since the Sept. 11 hijack attacks and discovery of anthrax in the mail, has taken action against four companies that have touted anti-terrorism technologies. A person familiar with the site said it aimed to borrow from the tactics of stock market con artists who know how to entice investors, in an effort to educate consumers on how to spot these frauds. In the past, fake news releases have been used to deceive investors and make a quick buck out of stock markets. Last year, college student Mark Jakob from Los Angeles was sentenced to jail for issuing a fake press release in August 2000 that triggered frenzied selling in data storage equipment maker Emulex Corp. <EMLX.O> 19:11 01-25-02

To: Jeffrey S. Mitchell who wrote (2265)	1/25/2002 7:47:33 PM
From: StockDung	Read Replies (2) \| Respond to of 12465

Here is the SEC's fake release->McWhortle Enterprises Registers to Go Public; SEC 'Pre-Approves' IPO for Manufacturer of Anti-terrorism Device WASHINGTON, Jan. 25 /PRNewswire/ -- McWhortle Enterprises, a multinational defense company, announced today that it will go public on January 30, 2002. On that date the company will file its Registration Statement with the U.S. Securities and Exchange Commission in Washington, D.C. Immediately after filing, McWhortle CEO and President Thomas McWhortle III will conduct a news conference at SEC Headquarters in Washington, DC. (Hear an interview with Thomas McWhortle, videonewswire.com ) McWhortle Enterprises is an established and well-known manufacturer of biological defense mechanisms. The company markets exclusively to the world's largest corporate enterprises, providing the best protection from all terrorist bio-hazard attacks. The company has always been a closely held private corporation, with a customer base that has historically been limited to only those major firms that can afford to pay for the best in personal security. McWhortle recently announced that it will begin offering for the first time a product to the general public: the new Bio-Hazard Alert Detector. Running quietly on two double-A batteries, the Bio-Hazard Alert Detector emits an audible beep and flashes when in the presence of all known bio-hazards. The Bio-Hazard Alert Detector, measuring only 4 by 6 inches, is small enough to slip into a man's jacket pocket, a woman's purse or a child's backpack. "I'm extremely excited about our prospects," said CEO and President Thomas J. McWhortle. "We've got an established company with a solid track record, and now we've got a can't-miss product that customers are fighting to buy. In each of our test markets the product instantly sold out, with no advertising whatsoever. The SEC has advised us that they have 'pre-approved' our IPO because the nation needs a product like this on the market as quickly as possible to protect Americans from terrorism." The news conference will take place at 10 a.m. on January 30, 2002, in the William O. Douglas conference room in the SEC Headquarters at 450 Fifth St. NW, Washington, D.C. Credentialed media only. Cameras may begin setting up at 9 a.m. For more information, call: Kelly Green Investor Relations Manager McWhortle Enterprises, Inc. (202) 824-5151 mcwhortle.com This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These include, but are not limited to, statements regarding the Company's plans, intentions and expectations. Such statements are inherently subject to a variety of risks and uncertainties that could cause actual results to differ materially from those projected. These risks include increased levels of competition, shortages of key equipment, restrictions on the Company's ability to finance its growth and other factors. A more extensive discussion of the risk factors that could impact these areas and the Company's overall business and financial performance can be found in the Company's Registration Statement, to be filed with the Securities and Exchange Commission. Given these concerns, investors and analysts should not place undue reliance on forward-looking statements. SOURCE McWhortle Enterprises, Inc. CO: McWhortle Enterprises, Inc. ST: District of Columbia IN: ARO SU: 01/25/2002 15:29 EST prnewswire.com e->