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Recent Investment Fraud questions

This question pertains to starting/operating an offshore sports

This question pertains to starting/operating an offshore sports betting website that serves U.S. residents.Suppose that a corporation is established outside of the U.S. along with an offshore bank account; the server that hosts the website and stores the data related to the bets and wagers is also located overseas. Suppose further that while the company is accepting bets and wagers, I am also located outside U.S. territory.1. I understand that the U.S. would not have jurisdiction to come "get" me while I am overseas, but if this is wrong, please let me know.2. If the company is not successful, I would want to close the company (cease operation of the website and dissolve the legal entity) and return to the United States. Were this to happen, would I be in violation of the Wire Act or UIGEA (or any other law) just because I was *previously* "engaged in the business of betting or wagering", even if I no longer am?3. Suppose the overseas corporation is not yet established. While still in the U.S., I pay somebody to establish the offshore sports-betting-related company. However, the company does not accept bets/wagers until I am outside of U.S. territory. Would I be in violation of anything just by having this corporation established, even if it is not actually doing business?

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
Is Risk Capital Markets Advisors @www.riskcma.com, JorXXXXX XXXXX

Is Risk Capital Markets Advisors @www.riskcma.com, JorXXXXX XXXXX is the Senior Account Executive Offices in Panama 005072023180, United Kingdom. 442035191756 ext 180. Australia XXXXXXXXXXX ext 180 Canada XXXXXXXXXX ext 180. Is this Company a Legitimate business. Regards Roger

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Zoey_ JD

Doctoral Degree

29,102 satisfied customers
Ok Fran - here I am- have paid again so I hope I now

Ok Fran - here I am- have paid again so I hope I now get some answers- why could you not tell me if you could examine a company in Hong Kong?- Reg No.0412244. Here are the details- if you are unable to confirm their legality etc., please cancel my payment!The Company is XXXXX limited legal services of Central Plaza, XX XXXX XXXX , XXXX XXXX , China- The contact is XXXXX XXXXX XXXXX , apparently a lawyer affiliated with the American Bar Association-please confirm.They want to purchase my holdings in a co. called China Environment - but want a Insurance Indemnity Payment in Escrow of US$15,810.00.If you require all the paper work received please provide an email address and I will forward to you.- I have to advise them on Friday( Aust time ) so I would appreciate your answer prior to then- Many Thanks & RegardsXXXXX XXXXX ( I would appreciate if this enquiry was confidential )

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,502 satisfied customers
In Aug/Sept 2008, I responded to a Craigs list business for

In Aug/Sept 2008, I responded to a Craig's list business for sale/investment type listing. I invested in a local street hot rod shop, a Pa. LLC formed 1/3/2008, investing $65,000 for a 50% membership ownership interest. After nine months I discovered that my capital investment was embezzled by the other invested owner who had placed the ad an subsequently handled by membership purchase transaction. He embezzled in excess of $50,000, proceeding to payoff a personal debt loan to his former business partner, thereby causing a shortage of funds for operational purposes, leading to a shut down of the business after only 9 months of my investment and 3 months after I formally confronted him as to the disappearance of my capital account funds and where is my membership certificate and financial statements for 2009+. I contacted the stated company CPA/Accountant and he stated he knew nothing of my ownership/membership/investment and any authorization to provide any business info to me and now not to provide any info or speak with me on any business issues or financials, even thought I an a 50% owner and can not file my IRS tax filing with this needed info.At this point I filed a civil lawsuit to recoup my investment funds, but per my civil lawyer at that time, to hold off on filing for embezzlement charges!!!Well I no longer want to wait and now heed to file formally this embezzlement crime, However what are the appropriate steps to report this crime and press charges.Please advise what step I need to take?PS - Local police dept is a friend of his and generally not responsive to this crime Also my civil suit is close awarding my judgement, but the embezzler will never repay, so my ohly hope of justice is through the criminal system.Pleas ADVISE?

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Brent Blanchard

Solo Practitioner

Doctoral Degree

1,666 satisfied customers
A non-profit organization that operated deeply in the red solicited

A non-profit organization that operated deeply in the red solicited unsecured loans, promising an exorbitantly high rate of interest. Without any positive income, clearly they could not repay these loans (with the high interest) without utlizing money received from future lenders. Is this a Ponzi scheme? Note: They specifically indicated that this was NOT a risk-free loan.

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Zoey_ JD

Doctoral Degree

29,102 satisfied customers
The Commodity Futures Trading Commission (CFTC) gains a consent

The Commodity Futures Trading Commission (CFTC) gains a "consent order" or judgement from a "Permanent Injunction or Equitable Relief" petition in regards XXXXX XXXXX bank accounts of the defendants where the CFTC is the "named Plaintiff" and the victims are listed only as "Exhibit A" in a investment fraud claim against the defendants.When is "Interest in Property" considered to have occurred? years before, from the original funds used at the time of the fraud or at the time of the judgement of the consent order?Thanks

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dkennedy

Attorney

Juris Doctorate

5,142 satisfied customers
I have several questions. First, what constitutes (in the state

I have several questions. First, what constitutes (in the state of California) the "sale" of a security? Does an individual have to physically be a part of the transaction for it to be consider that that individual was part of the sale? What is the legal definition of a Ponzi Scheme? Thank you!

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TexCrimLawyer, J.D.

Lawyer

Doctoral Degree

7,402 satisfied customers
Is MHB a legal organisation that will give us monies promised

Is MHB a legal organisation that will give us monies promised? they are bases in Italia and Austria.

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Ely

Counselor at Law

Juris Doctor

63,644 satisfied customers
I am a victim of investment fraud but have not sued the company.

I am a victim of investment fraud but have not sued the company. Other individuals have, and now the process of reaching a settlement is in process. Individuals have been sentenced to prison by a judge in the Manhattan US Attorney's office. Significant assets have been frozen and it is believed that about half of the assets will go to the plaintiffs. I have spoken with Dept. of Justice attorneys, who referred me to SEC attorneys, but in the end everyone is waiting for the Forfeiture directive from the judge. I have spent so much money in the past on legal issues relating to the individuals and their investment firm that I cannot go that route any more. My question is: can I (on my own) petition to the Dept. of Justice for restitution. I have read a portion of the Criminal Resource Manual, 2290, Forfeiture Policy Directive 02-1, Guidelines and Procedures for Restoration of Forfeited Property to Crime Victims via Restitution in lieu of Remission, but in the end it's Greek to me.

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Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,502 satisfied customers
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