wwsnforums.com

Abe · Posted: Sat May 10, 2008 10:40 pm Post subject: The Sky is falling now

It seem that the cash cow that was at least part of the source to generate those huge returns for Jolly's EBL scheme was Legisi. And how do I know that, picard told me so indirectly.

Why Legisi is in the "Scam" folder here makes no sense at all. Like I said, they are doing just fine. There are obviously some non-members making false accusations.

Here is a screen shot of my last withdrawal:

The main reason I came here was because someone was referencing a post in this forum that simply was not true. BTW, Legisi is not in the scam folder on Talk Gold nor on noBSnetwork nor on MMG.

I guess the evidence criteria here is a little different...

www.earnbyloaning.com
--------------------------------------------------------------------------------
Originally Posted by ScamDetector who claimed that EBL had screwed him out of $2000.00.

Phoenix · Inquisitor Joined: 12 Dec 2005 Posts: 792

I'm not sure, but I think that EBL has finally bitten the dust. I'll make some
enquiries.

Pickard's real name is Michael Szczepaniak

And his address is

950 Southridge Greens #7
Fort Collins, Colorado 80525
United States
(970) 207-9808

I suspect that he and Craig Jolly are/were running the EBL scam together.

Abe · Posted: Sun May 11, 2008 4:57 pm Post subject:

Phoenix · Inquisitor Joined: 12 Dec 2005 Posts: 792

Hahaha, I like it ... a scammer (Craig Jolly) being scammed by another scammer (Greg McKnight).

littleroundman · Inquisitor Joined: 16 Nov 2005 Posts: 164

How interesting.

Those poor EBL members,

not only has their darling collapsed and been mentioned in connection with Legisi, but they've been arguing for months with someone using the "littleroundman" nick, and it wasn't even me.

What a waste,

all that vitriol and insults directed at "littleroundman" and I didn't know a thing about it.

http://nobsnetwork.net/specific-hyip-discussion/392-earnbyloaning-com-33.html#post9112
_________________
The only thing necessary for the triumph of evil is for good men to do nothing.

littleroundman · Inquisitor Joined: 16 Nov 2005 Posts: 164

Curiouser and curiouser,

it appears the name of "traderj" has also been taken in vain on NOBS,

Given the fact the SEC presented pages from downloaded in May last year from NOBS in evidence presented in the Legisi case, one would certainly hope nobody gets sufficiently annoyed to present further evidence of collusion and take things further.
_________________
The only thing necessary for the triumph of evil is for good men to do nothing.

Abe · Posted: Wed Feb 11, 2009 6:08 pm Post subject: Jolly In Deep Sh*t

SEC Accuses Investment Site Of $4M Ponzi Scheme
Securities Law 360 (subscription) - New York,NY,USA
... US Securities and Exchange Commission alleging that its Web site, EarnByLoaning.com, defrauded investors of more than $4 million through a Ponzi scheme. ...
See all stories on this topic

SEC Accuses Investment Site Of $4M Ponzi Scheme

Law360, New York (February 10, 2009) -- Online investment firm Quest Holdings Inc. is facing a lawsuit from the U.S. Securities and Exchange Commission alleging that its Web site, EarnByLoaning.com, defrauded investors of more than $4 million through a Ponzi scheme.

The complaint, filed on Monday in the U.S. District Court for the Eastern District of Washington, alleges that Quest and its CEO, Craig T. Jolly, promised investors monthly returns of...

Site, is subscripton but wouldn't take my email address.

U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 20890 / February 9, 2009
Securities and Exchange Commission v. Craig T. Jolly and Quest Holdings, Inc., Case No. CV-09-38-EFS (E.D. Wash. filed February 9, 2009)
The Securities and Exchange Commission today filed securities fraud and other charges against Quest Holdings, Inc. and its principal, Craig T. Jolly, of Spokane, Washington, for operating an internet-based Ponzi scheme promising monthly returns of up to 19.5 percent.

According to the complaint, defendants Quest and Jolly raised approximately $4 million from more than 200 investors, located throughout the country and abroad, through the issuance of short-term securities promising monthly interest rates as high as 19.5 percent. Jolly raised funds by offering and selling Quest securities through Quest's website, EarnByLoaning.com. As set forth in the complaint, Jolly claimed to be active in the investment community and financial markets and falsely assured investors that Quest had a reserve fund to ensure that they would be repaid.

In reality, the Commission alleges, Jolly invested only about one-third of the investor funds he received, on which he suffered hundreds of thousands of dollars in trading losses. The complaint also alleges that defendants operated a Ponzi scheme and repaid purported profits to investors from funds provided by later investors, not from earnings on Quest's investment activities. In addition, the Commission alleges that Jolly misappropriated at least $628,000 of investor funds, which he used for his own stock trading and to pay for his vehicles, medical bills and other personal expenses.

The Commission's complaint, filed in federal district court for the Eastern District of Washington, charges Quest and Jolly with violating the antifraud and registration provisions of the federal securities laws, and seeks entry of an order for an asset freeze, injunctions, an accounting, disgorgement, and civil penalties.

The Commission's litigated action against Jolly and Quest charges both with violating Sections 5(a), 5(c) and 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder. The Commission seeks permanent injunctions, an accounting, appointment of a receiver, an asset freeze, disgorgement with prejudgment interest, and civil monetary penalties.

SEC Complaint in this matter

http://www.sec.gov/litigation/litreleases/2009/lr20890.htm
_________________
Yes all HYIPS are SCAMS. Click Here and watch this. http://www.bornagainamerican.org/