What is "CEP Trust"?

[MatrixWatch]

Is CEP Trust different from the Colon End Parenthesis topic (http://www.matrixwatch.org/forums/forumdisplay.php?f=99) that our members have been discussing?

I've noticed a lot of sites out there discussing CEP Trust, which seems to be under SEC investigation, and was wondering if anyone had confused the two.

[Ferret]

Is CEP Trust different from the Colon End Parenthesis topic (http://www.matrixwatch.org/forums/forumdisplay.php?f=99) that our members have been discussing?

I've noticed a lot of sites out there discussing CEP Trust, which seems to be under SEC investigation, and was wondering if anyone had confused the two.
CEP Trust https://www.ceptrust.com is the payment processor for all the CEP family of websites
CEP Trust is NOT under SEC investigation
CEP http://www.colonendparenthesis.net their investment site is the one being "informally" investigated by the SEC

There are also 2 surfing websites http://www.cepcoast.com
and http://www.coastin88.com
and there is a CEP gives back charity site http://www.cepgivesback.com as they are all such good Christians

All the websites have their own forum /forum

https://www.ceptrust.com was started by Trevor E. Reed
because they had some problems with Stormpay in the
early days and everyone knew that e- Gold which
they also used was headed for problems too

Trevors lame excuse for not using PayPal was
We are currently offering multiple options to invest your money. You can automatically purchase your levels of Colon End Parentheses (yes, that's plural. ;-)) from the purchase page in the members area. When you first join, your initial deposit must be a minimum of $20. After that, you can deposit additional units in $5 increments. We only accept CEP Trust for payments, as other processors are either too unstable or too immoral to be trustworthy. You can signup for a CEP Trust payment processing account here.
https://www.ceptrust.com is an illegal money transmitter
and will be the next of the CEP sites to be investigated and
shut down

PS: watchdog as the Administrator of this site you should be
embarrassed as this has been discusssed in detail since the
first post was made on April 12th, 2007 in this thread
http://www.matrixwatch.org/forums/showthread.php?t=5320
which has had over 10,000 views to date
The answer was in the first post.
Start paying attention and that goes for Merc too...

I had to pracitically beg to get a seperate CEP forum
If you guys are too busy maybe you should step down
and let someone else who will be more involved run MW
Besides WW the other mods are MIA and Concerned
seems to need a break as his conspiracy theories are
getting wilder and wilder

CEP is as big a scam as YMMSS and maybe bigger as
CEP has 16,000 members and its own payment processor
I am not sure of the membership of the 2 surf sites as
a lot of members overlap between the 3 sites

A lot of YMMSS so called "victims" have money in CEP
They are serial scamaholics that have not learned their
lesson yet

This thread should be moved to the CEP forum

[MatrixWatch]

I had to pracitically beg to get a seperate CEP forum
If you guys are too busy maybe you should step down
and let someone else who will be more involved run MW

Besides WW the other mods are MIA and Concerned
seems to need a break as his conspiracy theories are
getting wilder and wilder


Thanks for your thorough answer.

Since we restructured the forums (http://www.matrixwatch.org/forums/showthread.php?t=5697) last week, it is now easier for our mods to accomodate sub-forum add requests.

And if any members have feedback on how the site or forums is structured & operated, they are welcome to share them in our site feedback (http://www.matrixwatch.org/forums/forumdisplay.php?f=49) forum.

Ferret, the mods here are volunteers, and the time they devote to MW is much appreciated. Perhaps you can think about this during your 24-hour suspension from MW for breaking the rules (no insults against other members).

[concerned]

I had to pracitically beg to get a seperate CEP forum
If you guys are too busy maybe you should step down
and let someone else who will be more involved run MW
Besides WW the other mods are MIA and Concerned
seems to need a break as his conspiracy theories are
getting wilder and wilder


Ferret

I hope you can read this while you are on your suspension (good job Watchdog. It's about time someone took care of this). In case you didn't know, I stepped down as moderator several weeks ago, because I didn't have the time to do the work. Anyway, you should have known that because if I was still a moderator, I wouldn't have even considered suspending you. I would have just plainly banned you for the way you've been acting.

[mechanic]

I am glad to see that steps are being taken to get Matrix Watch back on track to what it once was. It was to the point that there could be no intelligent discussion with out senseless name calling and the way some C&P had names and events inserted that distorted the intension of the original. That is why I stopped coming here because of the low quality posts and name calling, seemed like no one was interested in a discussion. I am glad that MW is taking steps to get back on the track they originally had.


Layton

[mercinary]

All:

Matrixwatch is in the process of updating the rules & infractions system. We are aware of the problem, and it isn't new or isolated to any one person. Keep an eye out for an announcement regarding the updated rules this week.

Now, this thread has gotten way off topic. Let's leave this behind us and get back to the CEP discussion, ok? :)

-Merc

[Webwatch]

I am glad to see that steps are being taken to get Matrix Watch back on track to what it once was. It was to the point that there could be no intelligent discussion with out senseless name calling and the way some C&P had names and events inserted that distorted the intension of the original. That is why I stopped coming here because of the low quality posts and name calling, seemed like no one was interested in a discussion. I am glad that MW is taking steps to get back on the track they originally had.


Layton
Welcome back Layton and I look forward to your thoughts on CEP. Or anything else that takes your fancy.

[Webwatch]

Back to Topic then.
Does CEP trust handle all members payments or is there anyother provider that is being used while current issues are being resolved.

Has there been any affect on CEP trust with recent events or is everyone still getting paid from the coasting sites as normal.

[mitrod3]

I believe that the coasting sights are up and running along at this point from what I heard from the folks in C E P Coast and Coastin88 over the weekend.

There is a lot of optimism among the C E P folks here and a belief and trust that this will all simply blow over and that a restructuring will put C E P back up and in good stead.

I don't believe all the payouts come out through C E P Trust, but not being involved directly not sure of the total set up structure and could well be wrong on that one. C E P Trust may be the sole processor.

[Webwatch]

With the 2 coasting programs working OK it does give some hope that Trevor might have some way out of this.

I hope so, as from what I've read there are a few with a lot to lose.

I wont copy individual posts over from the CEP forum as its not fair to those that have posted there heart felt messages but anyone from CEP is welcome to share their story.

I wont use the tired old cliches of "Dont put in more than you can afford to lose" "Diversify your investments" etc.

As long as CEPTrust keeps paying out maybe theres always a chance.

[concerned]

I wont copy individual posts over from the CEP forum as its not fair to those that have posted there heart felt messages but anyone from CEP is welcome to share their story.




In my opinion (and I know it's ONLY an opinion) it would be to their benefit to copy them over here. After all, if they poured their heart into the messages, it seems like it would be a waste to let them get deleted.

[mechanic]

As far as I know, there are no deletion of posts as long as they are courteous and not derogatory in words. As long as what is posted is provable fact and is cicil, I have not deleted any post, unless it was getting too heated and was requested by the thread starter, the only other ones I deleted were spam and porn. As for processors used by CEP, it is only Trust that can be used, and at the present time, Trust is still working and paying withdrawals from the coast sites and is still available to put funds into the coast sites. I will tell you what I know as of today about the CEP family of sites. The coast sites % dropped drastically and are now on the upswing and are functioning well, with the exception of the low % which seems to be climbing daily at this point. We were told by Trevor that the SEC had requested information informally and that CEP was cooperating fully with their request, also that some members might get phone calls from the SEC, and that it was up to the members if they wanted to cooperate or not. Tevor said just to answer their inquiry as truthfully as they could.
At this point, I cannot say whether CEP will come back or not, but we were told that all transactions between Trust and CEP were on hold and that CEP did it voluntarily. When I got in CEP, I did ck around, even here and could find no derogatory info about them. I saw that there were no late or missed payments with the exception of the time of Stormpay, but they did make up the payments. There were also a couple of times that they paid out more than they took in, so that was a plus for them to me. I said that they just might be doing B&M investments as they said, but there is one point that I would like to point out and that is that up until the informal request for info and the voluntary cessation of funds between Trust and CEP, they were still paying on time every time.
All I know is that CEP was functioning normally up until the 18th of last month,it just seems kind of strange that the SEC just showed up all of a sudden, since they do rely heavily on the companies being reported and as far as I know, the members were satisfied with the performance. As of nright now it is a toss up as to what will happen, but at least they have not ran with the money as far as I know.

I will say it is nice to have an intelligent discussion here and to see that MW is getting back to what the forum was designed for.


Layton

[Webwatch]

In my opinion (and I know it's ONLY an opinion) it would be to their benefit to copy them over here. After all, if they poured their heart into the messages, it seems like it would be a waste to let them get deleted.
Thats certainely true, but for the moment I'd prefer them to come and share there story with us voluntarily, maybe its a personnal thing but theres enough members on CEP's own forum critising members for investing to much without me making things worse.
I haven't found religion and have no idea if the posts are genuine or not but maybe theres some corellation between how much faith someone has in a program and that is closely linked with what percentage of their wealth they have invested in it.

Maybe thats the key-If you can't afford for CEP to fail then you will fight stronger for its survival and the players or whatever they call themselves will be the first to start critising those that have helped them recover their seed money when they know its time to move on.

CEP hasn't been proven to be a ponzi scheme yet and even though my own thoughts have always swayed me in that direction, as long as CEPTrust is still paying out those with a lot too lose have some hope to cling onto.

Contacting the SEC maybe an option to see what chances there are of getting some money back or even if an investigation is actually taking place, or perhaps Trevor is hoping the fear factor is stopping anyone getting in touch. Although I think he reccomended co-operating in his last announcement.

Addition: Hi Layton I think we posted at the same time sorry for any information overlap.

[deadgrassdog]

...All I know is that CEP was functioning normally up until the 18th of last month,it just seems kind of strange that the SEC just showed up all of a sudden, since they do rely heavily on the companies being reported and as far as I know, the members were satisfied with the performance. As of nright now it is a toss up as to what will happen, but at least they have not ran with the money as far as I know.

I will say it is nice to have an intelligent discussion here and to see that MW is getting back to what the forum was designed for.
Layton
Great post Layton!! I agree it is great to post here without getting slammed or jumped on!

I believe the SEC complaints were filed by Ferret and a host of others from the TalkGold sight and the Catty sight. I have read on the TG site where Accountant has admitted to contacting the SEC and actually going to their office. These guys think they are great crusaders come to rescue us from ourselves. I believe if our forums would have been private long ago this wouldn't have happened. IMNHO

[mercinary]

Great post Layton!! I agree it is great to post here without getting slammed or jumped on!

I believe the SEC complaints were filed by Ferret and a host of others from the TalkGold sight and the Catty sight. I have read on the TG site where Accountant has admitted to contacting the SEC and actually going to their office. These guys think they are great crusaders come to rescue us from ourselves. I believe if our forums would have been private long ago this wouldn't have happened. IMNHO

If CEP is a legit investment opportunity, then there is nothing lost by having an investigation (yes/no?).

-Merc

[MatrixWatch]

The SEC is pretty swamped with cases, so it is significant when they choose a case. So Merc raises a good question.

Has the CEP admin/community come up with an answer?

[mechanic]

The good thing about the investigation is that if Trevor can show that actual money and returns are being made with out new members money being used to pay the older ones, that is what remains to be seen at the moment. Even though he did not register, but he was advised he was compliant, the main this is that he is able to perform without using the new members money other than to invest for the returns that they are paying.That is what we will see in the end, if he is really doing what he says, On a side note, Chase bank did raise the amount of ACH that could be processed, and that happened in the midst of what is now happening.

Layton

[deadgrassdog]

If CEP is a legit investment opportunity, then there is nothing lost by having an investigation (yes/no?).

-Merc
Merc good point if CEP is as legit as claimed then this would only serve to put a mute point for all the naysayer's... If not legit then we lose game over and we have been lied to the whole time. I would like to think that we haven't been lied to since CEP has never missed a payment since day one and have always given the appearance of transparency and honetsty. For the time being I am waiting and trusting.:cool:

[MatrixWatch]

The good thing about the investigation is that if Trevor can show that actual money and returns are being made with out new members money being used to pay the older ones, that is what remains to be seen at the moment.

Well, when you think about it though, a drug dealer/distributor could show the SEC the very same result. :)

What the SEC is really investigating is the structure and sustainability of the program.

It is often the case with these programs that many "early comers" are paid well, but things quickly head south from there. The problem is that the scheme's message stays the same throughout, and late comers are not propery warned about the risks. And even those risks are often not controlled and regulated.

This is why there are laws against certain types from investment vehiches. And the fact that the SEC wants to look at CEP makes me very concerned.

[mechanic]

Well, when you think about it though, a drug dealer/distributor could show the SEC the very same result. :)

What the SEC is really investigating is the structure and sustainability of the program.

It is often the case with these programs that many "early comers" are paid well, but things quickly head south from there. The problem is that the scheme's message stays the same throughout, and late comers are not propery warned about the risks. And even those risks are often not controlled and regulated.

This is why there are laws against certain types from investment vehiches. And the fact that the SEC wants to look at CEP makes me very concerned.

I thought that was what I was trying to explain, but as I said at this point we can only wait and see. As far as the new comers warnde about the risk, I for one always made it a point to tell them that at the present time they were performing and paying as they have been in the past, but that was not to say that they would the next day, I dont really what more you could really warn them about, do you without proof? And there isnt really any referral, just a one time $5.00 no matter how much or how many times you purchased, so you cant make any money to speak of on referrals.

Layton

[MatrixWatch]

I thought that was what I was trying to explain, but as I said at this point we can only wait and see.

Ah, I see. Sorry if I misunderstood your other post.

[Ferret]

Great post Layton!! I agree it is great to post here without getting slammed or jumped on!

I believe the SEC complaints were filed by Ferret and a host of others from the TalkGold sight(SIC) and the Catty sight.(SIC) I have read on the TG site where Accountant has admitted to contacting the SEC and actually going to their office. These guys think they are great crusaders come to rescue us from ourselves. I believe if our forums would have been private long ago this wouldn't have happened. IMNHO
Actually my buddy Accountant said quite clearly that
he did NOT call the SEC
You really need to pay attention deadgrassdog then
you would not go from losing money in YMMSS to
the latest "investment" CEP

When will you ever learn?

However I called and talked to the SEC many times
When I asked the SEC guy what he thought about
what was going on in the CEP Forums he snickered
then quickly said "I can not comment on that"

Ponzi Nemesis has been calling them too for a while
but they didn't have too many members then or too
much money at stake

Most of the members and money has been added very
recently

When I called the SEC CEP 'claimed" they had 16,000
members and 20 million dollars before they made their
website private

http://www.talkgold.com/forum/showthread.php?t=103441&page=123

Well, after all it IS the accounting that will do them in.
As the Pipsters learned the hard way, you can call, write, send smoke signals all you want to the SEC, what they are in the end looking at are your books.

How much did you take in, how much did you pay out, how much is on hand and how much do you owe. They would be looking at how much you are going to be getting, but as CEP has negligible "outside sources of income" as Charis used to call them, that will be a very short look.

Trevor was a Metaluca dealer, he he he, sure was making 4 times the 720% he needed to pay out there.

And I actually only made a single call to the authorities, they called me back several times and I went down there once.
I DID not call the SEC, though,
I only talked to people from the AG, the Bowling Green Police and the Commonwealth Attorney. There's another shoe yet to drop, Sparky.
deadgrassdog even if your forums were private there
were many cheerleaders on MMG and TalkGold boasting
how they were being paid 720% per 360 days

In fact Trevor Reed only posted on MMG although he
hasn't been seen since the crap hit the fan...

[siska]

The good thing about the investigation is that if Trevor can show that actual money and returns are being made with out new members money being used to pay the older ones, that is what remains to be seen at the moment. Even though he did not register, but he was advised he was compliant, the main this is that he is able to perform without using the new members money other than to invest for the returns that they are paying.That is what we will see in the end, if he is really doing what he says, On a side note, Chase bank did raise the amount of ACH that could be processed, and that happened in the midst of what is now happening.

Layton
Hello Layton
Please Don't try explain CEP.But I like Your posts elsvere:)
Now I don't know if that will make sence for somebody like ferret the something(OK SNITCH)
Q;Don't try explain something to Braine Midget They will drag You in their
level and Beat You with EXPERIENCE(or something like that)
Layton You don't NEED to explain how some things works:)
Layton stay faaaar as You can from ferret von Snitch.
Have nice day ALL

[Accountant]

I believe the SEC complaints were filed by Ferret and a host of others from the TalkGold sight and the Catty sight. I have read on the TG site where Accountant has admitted to contacting the SEC and actually going to their office. These guys think they are great crusaders come to rescue us from ourselves. I believe if our forums would have been private long ago this wouldn't have happened. IMNHO

Well numbnuts you screwed up again, if you read the quote at Talk Gold you'll see I said I DID NOT go to the SEC. I actually contacted authorities of the Commonwealth of kentucky. I generally don't mess with the SEC, they let people off too easy, going the state route has a higher percentage of getting people put in prison, the SEC can only make them shut down and fine them.

[siska]

:)
In fact Trevor Reed only posted on MMG although he
hasn't been seen since the crap hit the fan...
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