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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.

Consumingfire
August 1st, 2007, 01:54 AM
The SEC has there head so far up their A$$ there screwing up the docs.

Accountant
August 1st, 2007, 04:12 AM
Maybe, just maybe, some people are so detatched from reality that they just can't cope with the idea that Treovr and Clayton were just common thieves. The brunt of the SEC charge is that it was at least misleading that they claimed 16,000 investors (and there may or may not be posts where they say it that way). Funny thing about those disclosure rules that Trvor said they had covered, is that they hold you to a number as it can be percieved, and not as it is in hindsight parsed.

Webwatch
August 1st, 2007, 04:52 AM
I'm sure the SEC reported 5000 members because of the records Trevor provided. As Trevors record keeping is reported as being lets say a little on the suspect side it may never be known the true figure.

Ponzi site stats are never a good benchmark to trust so just maybe the 16000 or 10000 figure was intentionally misleading.

One things for sure with the SEC stepping in when they did no more victims can fall into this affinity fraud based scam.
Go SEC :applause: :applause:

That doesn't help present victims much but such is the nature of these things.

Webwatch
August 1st, 2007, 08:19 AM
For F

An old friend has also asked me to pass on the message thet CEP also presented the statistic that over $20 Million had been invested. Before this information was convienently removed.

Has the SEC only found $12Million of the $20+Million or is it dodgy Ponzi Stats again.