The SEC has filed charges against Gryphon Holdings, Inc., its owner Kenneth E. Marsh and four associates with the operation of an Internet-based scam that lured investors into paying for fabricated stock market advice and investment tips from nonexistent “experts.” According to the SEC’s press release, the scam “induced investors to pay fees of up to $250,000 for securities recommendations that they falsely claim are based on sound research and successful strategies of trading experts with superior knowledge.” Gryphon Holdings and its associates obtained $17.5 million over three years due to its “numerous material misrepresentations and omissions since at least 2007 to entice unsuspecting clients to purchase its services.”

Gryphon Holdings publishes financial information, posting financial tricks and investment tips on the Internet under a variety of names, including “Wolves of Wall Street,” “Wall Street’s Most Wanted,” “Pure Profit,” and “Mafia Trader.” The SEC alleges that these recommendations and expert tips were little more than a “vehicle to attract unsuspecting clients to pay fees for personalized investment recommendations, portfolio analysis, and money management services that Gryphon purportedly provided.” Investors, following the advice of these so-called “experts” at Gryphon Holding who were depicted as possessing “millions of dollars in trading riches as well as top-notch educational backgrounds and prominent experience at major Wall Street firms,” suffered significant losses. In at least once instance, an investor allowed Gryphon to conduct trades on their behalf.

To increase the scam’s legitimacy, Gryphon also manufactured “glowing testimonials from George Soros and purported clients who profited by trading securities the firm recommended.” These endorsements, fabricated numbers and phony tips and advice were all used to induce clients to pay for personal recommendations, investment services and stock market advice.

In addition to owner Kenneth E. Marsh, the SEC has also charged Gryphon associates Baldwin Anderson, Robert Anthony Budion, Jeanne Lada, and James Levier.

Read the rest of the post on Hedgetracker.com

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You just have to take a look at this… URGENTLY…

You have nothing to lose and EVERYTHING to GAIN.

You have heard that many times before but this time you REALLY do need to register yourself right away.

Why?

I already have over 2170 in my downline in 4 days and I have not paid a cent.

==> www.LockYourSpot.com/triustech

Yes it IS a new network marketing (MLM) company and it is shaping up to be a spectacular start!

2170 downline in 4 days!

Thought you may be interested in this new company with 10 years experience, re-launching globally on 15 May 2010 (just a few weeks) with new owners and a modern binary compensation plan.

It just went into pre-launch at 1:30pm Tuesday 30th March (7 days ago).

==> www.lockyourspot.com/triustech

A really good friend of mine put me onto it a few days ago and has just shared these latest details with me.

It took him 4 hours to find me. He already had over 160 in his downline. He registered a position for me (and another for my business partner) while I was walking on the beach.

That’s all I did. Decided to be registered and now I have over 2000 in my team.

Simple… Join here…

==> www.lockyourspot.com/triustech

My friend and I both know the new master distributor extremely well, from the other businesses he has been involved in. They were earning a six figure income in that company and walked away from it to start in this new company.

The website to register a position of interest is

==> www.lockyourspot.com/triustech

It’s free to register with no obligation to join the company. You simply decide what you want to do with the (possibly 1000’s of downline.

Why are you still reading this?

Join now at

==> www.LockYourSpot.com/triustech

Want To Learn How I Get Gold And Silver For Free?

If so then take a look at the video below then contact me right away.

http://OnlineProsperityMastermind.com

Legal discussion on What Defines a Pyramid Scheme.

100305-DRA-legal

Richard Brooke posted this article on the future of MLM on his blog November 11, 2009.

Richard’s perspective is valuable not just because he knows what it’s like to build a large distributor business. But, he also is the founder of a long time successful Network Marketing company.
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The future of Network Marketing is in our hands … the hands of company owners, executives and independent sales leaders. We can band together with shared vision and values and execute a quantum leap in our success, or we can continue to operate with opposing visions and values and battle each other along the way. The future is our choice; it is in our hands, every one of us.

Read the rest of the article on Richard’s blog

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To Lean more please visit http://glenn.SuperSmartBusiness.com