SEC Halts $47 Million Investment Fraud at Utah-Based Pay Day Loan Organizations

SEC Halts $47 Million Investment Fraud at Utah-Based Pay Day Loan Organizations

FOR IMMEDIATE LAUNCH
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Washington, D.C., March 28, 2011 – The Securities and Exchange Commission today announced so it has acquired a court purchase freezing the assets of two payday that is online organizations and their owner faced with perpetrating a $47 million providing fraudulence and Ponzi scheme.

The SEC alleges that John Scott Clark of Hyde Park, Utah, promised investors astronomical yearly comes back of 80 per cent to their opportunities in their businesses

– Influence Cash LLC and Influence Payment Systems LLC. بیشتر