|
|
Review 12/20/2010
|
|
This firm went after my retired schoolteacher father and told him he could get 16% returns at guaranteed ZERO risk (with 10% in a lump sum at the end of repayment). They got him to put in $50,000, and were trying to get him to invest another $50,000. When we started looking into AED and he tried to pull out his money, they have spun him along and promised him up to 20% returns on his money to shut him up.
Many things about this firm scream danger:
1) They refuse to disclose their assets or their operations (they told us that they deal in subprime mortgages in the St. Louis area, but had no further details)
2) They have no prospectus materials and target elderly clients
3) The principal has a history of running the same business under various entity names
4) They make claims that are not consistent (e.g., $$ under advisement)
5) They avoid calls and fill their voicemail box
6) One of their associates has an extensive criminal history in Texas
7) They will not return your money even after admitting that it was improperly taken.
If you ever are contacted by them, BE CAREFUL and do your due diligence.
|
|
|
|
|
|
|
|