Scam seniors out of $190M February 22, 2008
I have just read this scam news in http://news.yahoo.com/s/ap/20080222/ap_on_re_us/investment_fraud .
The scammer scam his own father.The scammer Daniel Heath kept all the investment idea by himself.They promise the investor that the money is use for fixed investments with little or no risk.While trying to calm the investor with news ,what is left of the company is 22 cents on every dollar.The scammer Daniel Heath cause his 81 years old father sentance to 29 years of jail.
I urge everyone to understand that no one in the world can promise a fix return.If a company is not open with their company method of investment.It is best not to invest with them.They may double a few people asset.However they may also reduce all your total investment to dusk.
Alway diversify and invest in a great company with normal risk but not a normal company at a low risk.What the most important is the company is open to all their method of investment.If there a losses they have no fear to admit.Then we will know that this company is trustworthly.I belive the scammer himself want to do business.However he kept everything by himself .If he were to report everything as it was , this will not happen.People will just quit his investment company, no one will join.However at least he does not needed to go to jail and the seniors will not loss their money.I know people always belive they can go throught crisis when problem arisis.Some success some fail.
When GalleonFX have a -33% downfall in their forex trade on jan 2008.They have no fear to admit it.-33% downfall will took a minimin 63% increase to get the investment back to the orginal High Water Mark due to the fee.
I would tell investor not to invest GalleonFX until they have tune to the correct market methology.Which can be now tomorrow next year or never.However for me once i got 1000USD i will invest with them.There must be a white lab rat for testing……
