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

To: Bill Ulrich who wrote (3858)	10/17/2002 11:20:08 AM
From: Mighty_Mezz	Respond to of 12465

As is said, "No good deed goes unpunished." All we ever did was try to help, get sued in the process, spend money on lawyers, then let the SEC get them off with a reach-around and an extra jiggle.

To: Bill Ulrich who wrote (3858)	10/17/2002 3:17:33 PM
From: peter michaelson	Respond to of 12465

Bill: I understand your frustration. Can't blame it on the SEC though, imo. It comes down to that our society does not view these crimes as serious - no one pays attention, just a few of us get outraged. The only reward is the financial gain of selling short. I try to notify people if I think something is a scam, but I'm not going to force that revelation on people who won't listen. It does make one a bit cynical. Peter

To: Bill Ulrich who wrote (3858)	10/17/2002 3:28:57 PM
From: mmmary	Read Replies (1) \| Respond to of 12465

Bill, I hear ya I've almost been thinking the same thing myself. Here we try to help save investors, risk our lives literally in some cases and our livlihoods doing it, only to have the SEC let them off with a slap on the wrist and they INSTANTLY go back to doing the same thing. It's like you see someone getting raped, you go over to help, you get beaten up, mugged, you finally grab the guy and take him to the police station and the police just let him go and he instantly rapes someone else right in front of you with a smile on his face. Are you going to intervene again just to have the same thing happen? I doubt it. That's why I think professional shorters are a real good idea. The market needs someone with a good incentive to go out there and bust these scams. The market needs someone who can afford to take the lawsuit abuse, death threats...or no one will do it. Heck, look at Tony. He even profited off some of his scam busting but right now I really doubt it was all worth it with his current lawsuit. He obviously did too good a job and really pissed a lot of scamsters off. I think they are just going after whomever will give them the least amount of headaches. Just kill the guy who outs the scammers instead of having to deal with the scammers. It's the easy way out. I still think it's a real good idea just to publicly out the scammers and their scams. It just needs to be done totally anonymously. I wish we could release PRs with our scam reports in them anonymously. THAT would be ideal just so we don't get death threats and these frivolous lawsuits.