Phony website targets Madoff fraud victims – From the Regulators – News Investment Executive
The U.S. Securities and Exchange Commission says that a deceptive website is targeting the victims of the Madoff fraud.
The SEC reports that a website, falsely claiming to have recovered $1.3 billion in funds hidden by convicted Ponzi schemer Bernie Madoff, is now targeting the scheme’s original victims with false promises of recovery. It says that the site asks victims to submit information to verify that they are on a refund list — a ploy commonly used by con artists to further rip off fraud victims.
The site claims to be home to the “International Security Investor Protection Corporation” — which the SEC says is a fictitious entity; and that it resembles the site of the industry’s genuine contingency fund, the Securities Investor Protection Corporation, “mimicking its look, feel, and content in an attempt to achieve an aura of authenticity…”
“Investors who lose money in widely publicized schemes are often targeted by con artists looking to cash in on the victim’s desire to recover losses,” said Lori Schock, director of the SEC’s Office of Investor Education and Advocacy. “Victims of fraudulent schemes should be aware that such refund schemes commonly exist, and can be perpetrated through copycat Web sites that appear similar to those of actual regulators or other organizations.”The U.S. Securities and Exchange Commission says that a deceptive website is targeting the victims of the Madoff fraud.
The SEC reports that a website, falsely claiming to have recovered $1.3 billion in funds hidden by convicted Ponzi schemer Bernie Madoff, is now targeting the scheme’s original victims with false promises of recovery. It says that the site asks victims to submit information to verify that they are on a refund list — a ploy commonly used by con artists to further rip off fraud victims.
The site claims to be home to the “International Security Investor Protection Corporation” — which the SEC says is a fictitious entity; and that it resembles the site of the industry’s genuine contingency fund, the Securities Investor Protection Corporation, “mimicking its look, feel, and content in an attempt to achieve an aura of authenticity…”
“Investors who lose money in widely publicized schemes are often targeted by con artists looking to cash in on the victim’s desire to recover losses,” said Lori Schock, director of the SEC’s Office of Investor Education and Advocacy. “Victims of fraudulent schemes should be aware that such refund schemes commonly exist, and can be perpetrated through copycat Web sites that appear similar to those of actual regulators or other organizations.”
Source: Phony website targets Madoff fraud victims – From the Regulators – News Investment Executive.
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Ron Park The Fraud Master DO Not trust this guy .– All of Southern Arizona Tucson Real Estate Daily http://www.tredaily.com 1873 N Kolb Rd Tucson AZ 85719 Ph. – (800) 536-7480 About TRE Daily TRE (Tucson Real Estate) Daily is a fraudulent one-stop Tucson less then quality real estate resources. Ron Park a self proclaimed homo sexual, and member of Tucson REALTORS fraud, is the manager of TRE Daily. Before Ron Park became a real estate agent/lead manager in August 2007, he was a male prostitute selling himself successfully online and on the Tuscon streets for 7 years. After learning the ins-and-outs of sucking dick, he entered into Tucson?s real estate market after a night of longing passion with his male boss to provide oral services that are rarely found, but certainly needed.
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Both Ron and Lisa Park are SCAMMERs Watch out for them.
Informative blog that you have. I came across a new one the other day. They look open , but very similar to linkedin.com with more of a social business directory look and feel. Nice clean interface though. It’s at SocialTerrain.com