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Initially a possible ponzi but not now

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  • Initially a possible ponzi but not now

    Scenerio: An internet operations innocently starts as one whose members make purchases and in return their investment doubles time and time again but it is evident that this setup cannot support itself after a period of time. Upon advise of lawyers, this company totally restructures their business and transforms it into a legitimate online advertising business. Can that particular entity be sued for their initial operations by members with any hope of succeeding? If so, would all members of the initial operation likely be drug into the lawsuit along with the owners or how would this more than likely play out? Thank you.

  • #2
    Re: Initially a possible ponzi but not now

    You sure can--it happens all the time! Any lawyer will confirm for you.

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    • #3
      Re: Initially a possible ponzi but not now

      Originally posted by Unregistered View Post
      Scenerio: An internet operations innocently starts as one whose members make purchases and in return their investment doubles time and time again but it is evident that this setup cannot support itself after a period of time. Upon advise of lawyers, this company totally restructures their business and transforms it into a legitimate online advertising business. Can that particular entity be sued for their initial operations by members with any hope of succeeding? If so, would all members of the initial operation likely be drug into the lawsuit along with the owners or how would this more than likely play out? Thank you.
      First of all, yes, any illegal activity in the history of a company can haunt them and hurt them in the future.

      Secondly, it is possible that all initial members would be effected. However, that depends on the overall size and awareness of the organization. Gov'ts aren't going to tend to bother with such companies unless over a $1 Mil is involved. The Gov't needs the opportunity to gain something out of it or they won't bother.
      Ponzi Shills BEWARE!

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      • #4
        Re: Initially a possible ponzi but not now

        THE SCAM KEEPS ON GOING.... ROBERT DANE FREEMAN, DALE COLOVIN, CHUCK WALKER, M.MARK MCADAMS, V.O.I.P. LLC , GLOBAL HODLINGS GROUP LLC(SC) ASSET MANAGEMENT OF THE CAROLINAS, TRIPPLE M VENTURES, PHOENIX EQUITY INVESTMENTS, ATLANTIC EQUITY INVESTMENTS, RDMC LLC.(SC), ETC.......... KEEPS ON GOING..... I AM NOT SURE IF IGT OR MICHAEL IS INVOLVED BUT THEIR NAMES KEEP COMING UP....

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