Most of the readers of this blog will not be suprised to hear that the SEC (Securities Exchange Commission) has filed formal charges againt CEP Holdings, Inc. dba ColonEndParenthesis.net as well as the principals Trevor Reed, Clayton Kimbrell. The charges were filed on July 9, 2007 in the North Carolina Eastern District Court under the presiding judge, the Honorable Terrence W. Boyle. CEP has been charged under statute 12:22 - Securities Fraud.
Well, we’re not exactly talking Worldcom, Enron or Tyco here, however it is my belief from my previous cases filed by the SEC that CEPTrust Holdings and their partner sites: CEPTrust.com, ColonEndParenthesis.com, CEPCoast.com, Coastin88.com, DesertSjyMarketing.com, 4NewbiesMarketing.com, and Jack Cobb’s programs which accepted CEPTrust as a payment processor will also come under future indictments from the Department of Justice for money laundering and possibly charges of operating pyramid or ponzi schemes.
Many of you CEPTrust account holders out there may be questioning what will happen to the funds you currently have in your CEPTrust account? Well, you can kiss them goodbye. Additionally, any of you who ignorantly sent in your verification information, and especially those of you who were playing with thousands of dollars in these schemes, and/or had money wired to your bank account from CEPTrust, I’d humbly suggest contacting a lawyer as soon as possible. If you did not send in your verification information (as I had advised on this blog as well as in the forums), and if you were not playing with large amounts of money, I wouldn’t worry except for if you have any funds stuck in CEPTrust which you will have no recourse to recover.
Hopefully, most of you have been reading my blog and listening to my advice, to *NEVER* send your personal information to people like CEP, Bob Krimm, Vince Kroelin, Kim Inman or any other potential ponzi schemes. In regards to the legal ramifications of the term *ponzi scheme*, that is for the government and legal agencies to decide. As with any form of online or offline investment, it is essential to do your due diligence before you put your investment money anywhere. Ponzi schemes are not just limited to the internet, in fact, the largest ones are always offline relating to Real Estate, Prime Banking and Debentures fraud.
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Saturday 3 November 2007
SEC Takes Action Against CEP Holdings
Most of the readers of this blog will not be suprised to hear that the SEC (Securities Exchange Commission) has filed formal charges againt CEP Holdings, Inc. dba ColonEndParenthesis.net as well as the principals Trevor Reed, Clayton Kimbrell. The charges were filed on July 9, 2007 in the North Carolina Eastern District Court under the presiding judge, the Honorable Terrence W. Boyle. CEP has been charged under statute 12:22 - Securities Fraud.
Well, we’re not exactly talking Worldcom, Enron or Tyco here, however it is my belief from my previous cases filed by the SEC that CEPTrust Holdings and their partner sites: CEPTrust.com, ColonEndParenthesis.com, CEPCoast.com, Coastin88.com, DesertSjyMarketing.com, 4NewbiesMarketing.com, and Jack Cobb’s programs which accepted CEPTrust as a payment processor will also come under future indictments from the Department of Justice for money laundering and possibly charges of operating pyramid or ponzi schemes.
Many of you CEPTrust account holders out there may be questioning what will happen to the funds you currently have in your CEPTrust account? Well, you can kiss them goodbye. Additionally, any of you who ignorantly sent in your verification information, and especially those of you who were playing with thousands of dollars in these schemes, and/or had money wired to your bank account from CEPTrust, I’d humbly suggest contacting a lawyer as soon as possible. If you did not send in your verification information (as I had advised on this blog as well as in the forums), and if you were not playing with large amounts of money, I wouldn’t worry except for if you have any funds stuck in CEPTrust which you will have no recourse to recover.
Hopefully, most of you have been reading my blog and listening to my advice, to *NEVER* send your personal information to people like CEP, Bob Krimm, Vince Kroelin, Kim Inman or any other potential ponzi schemes. In regards to the legal ramifications of the term *ponzi scheme*, that is for the government and legal agencies to decide. As with any form of online or offline investment, it is essential to do your due diligence before you put your investment money anywhere. Ponzi schemes are not just limited to the internet, in fact, the largest ones are always offline relating to Real Estate, Prime Banking and Debentures fraud.
Well, we’re not exactly talking Worldcom, Enron or Tyco here, however it is my belief from my previous cases filed by the SEC that CEPTrust Holdings and their partner sites: CEPTrust.com, ColonEndParenthesis.com, CEPCoast.com, Coastin88.com, DesertSjyMarketing.com, 4NewbiesMarketing.com, and Jack Cobb’s programs which accepted CEPTrust as a payment processor will also come under future indictments from the Department of Justice for money laundering and possibly charges of operating pyramid or ponzi schemes.
Many of you CEPTrust account holders out there may be questioning what will happen to the funds you currently have in your CEPTrust account? Well, you can kiss them goodbye. Additionally, any of you who ignorantly sent in your verification information, and especially those of you who were playing with thousands of dollars in these schemes, and/or had money wired to your bank account from CEPTrust, I’d humbly suggest contacting a lawyer as soon as possible. If you did not send in your verification information (as I had advised on this blog as well as in the forums), and if you were not playing with large amounts of money, I wouldn’t worry except for if you have any funds stuck in CEPTrust which you will have no recourse to recover.
Hopefully, most of you have been reading my blog and listening to my advice, to *NEVER* send your personal information to people like CEP, Bob Krimm, Vince Kroelin, Kim Inman or any other potential ponzi schemes. In regards to the legal ramifications of the term *ponzi scheme*, that is for the government and legal agencies to decide. As with any form of online or offline investment, it is essential to do your due diligence before you put your investment money anywhere. Ponzi schemes are not just limited to the internet, in fact, the largest ones are always offline relating to Real Estate, Prime Banking and Debentures fraud.
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