love
August 1st, 2007, 12:10 AM
I'm really tired of hearing about this apparent discrepancy in the amount of members at CEP.
CEP kept track of how many accounts they had: 16000
and how many people clicked the verification email: 10000
and thats what was displayed on the home page.
why does the SEC say it was only 5000 people? because that's how many people spent money.
I don't see any fraud here...or any attempt to deceive. The stats on the home page showed how many verified members...how many clicked on the email verification... that's all. The home page never implied that all 10,000 or 16,000 were active investors.
CEP kept track of how many accounts they had: 16000
and how many people clicked the verification email: 10000
and thats what was displayed on the home page.
why does the SEC say it was only 5000 people? because that's how many people spent money.
I don't see any fraud here...or any attempt to deceive. The stats on the home page showed how many verified members...how many clicked on the email verification... that's all. The home page never implied that all 10,000 or 16,000 were active investors.