Schemes

[077770]

Placing companies into sub-forums titled "Investment Schemes" leaves little room for discussion. The forum has already decided it is a scheme before discussion even began. It is malicious and scandalous.

[MatrixWatch]

Scheme
Def: (mathematics), an important concept in algebraic geometry
(noun)
- A systematic plan of future action.
- An orderly combination of related parts.
- A chart or diagram of a system or object.

[concerned]

Placing companies into sub-forums titled "Investment Schemes" leaves little room for discussion. The forum has already decided it is a scheme before discussion even began. It is malicious and scandalous.

We better be careful here. We don't want to start SCANDELS. Where are you from? Are you kidding me? You come here and defend a scam that doesn't use the word "invest" and then come and tell us not to call it a scheme. Well, I guess you are right. I vote to call the subforum "Investment SCAMS" so that 077770 doesn't call us scandelous.

[littleroundman]

Originally Posted by 077770 View Post
Placing companies into sub-forums titled "Investment Schemes" leaves little room for discussion. The forum has already decided it is a scheme before discussion even began. It is malicious and scandalous.

Perhaps you should read both the SEC definition of "Securities" before you defend "Trevors'" definition:

Regulation

In the offer and sale of securities is either registered pursuant to a registration statement that is filed with the U.S. Securities and Exchange Commission (SEC) or are offered and sold pursuant to an exemption therefrom. Dealing in securities is heavily regulated by both the federal authorities (SEC) and state authorities. In addition the industry is heavily self policed by Self Regulatory Organizations (SROs), such as the NASD or the MSRB.

Due to the difficulty of creating a general definition that covers all securities, Congress attempts to define "securities" exhaustively (and not very precisely) as: "any note, stock, treasury stock, security future, bond, debenture, certificate of interest or participation in any profit-sharing agreement or in any oil, gas, or other mineral royalty or lease, any collateral-trust certificate, preorganization certificate or subscription, transferable share, investment contract, voting-trust certificate, certificate of deposit for a security, any put, call, straddle, option, or privilege on any security, certificate of deposit, or group or index of securities (including any interest therein or based on the value thereof), or any put, call, straddle, option, or privilege entered into on a national securities exchange relating to foreign currency, or in general, any instrument commonly known as a 'security'; or any certificate of interest or participation in, temporary or interim certificate for, receipt for, or warrant or right to subscribe to or purchase, any of the foregoing; but shall not include currency or any note, draft, bill of exchange, or bankers' acceptance which has a maturity at the time of issuance of not exceeding nine months, exclusive of days of grace, or any renewal thereof the maturity of which is likewise limited." - Section 3a item 10 of the 1934 Act.

or, perhaps the US courts definition would be more to your liking:

The US Courts have developed a broad definition for securities that must then be registered with the SEC. There is an investment of money, a common enterprise and expectation of profits to come primarily from the efforts of others. See SEC v. W.J. Howey Co. and SEC v. Glenn W. Turner Enterprises, Inc.

I'm really sorry, 077770, but, you're going down a really well worn path here with your "definitions" and "exclusions"

Everything else aside, it's the "Illegal sale of securities" that gets 'em every time.

All the other charges that will surely follow, are but icing on the "cake" of prosecution.

Perhaps it may assist anyone still in doubt as to the SEC viewpoint on CEP or any similar program to refer to the SEC warnings:

here: http://www.sec.gov/answers/pyramid.htm

here: http://www.sec.gov/answers/ponzi.htm

here:http://www.sec.gov/answers/accred.htm

and here: http://www.sec.gov/investor/pubs/autosurf.htm

Rest assured, the Civil charges brought by the SEC are only the "tip of the iceberg" compared to the many fraud and mail fraud (yes, the internet counts as "mail") CRIMINAL charges which will follow.

The wheels of justice may turn slowly, but, they are ALWAYS turning.

The delicious irony in this case is, "Trevor" put himself and CEP on the SEC radar, the very last place he wants to be, believe me.