Report: #375042

Complaint Review: Expedite Ventures

Submitted: Monday, September 22, 2008
Last Posting: Tuesday, September 30, 2008
Reported By: — Des Moines Iowa

Expedite Ventures

274 N. Goodman St. Suite B 265 Rochester New York 14607 U.S.A.

Phone: 585-585.347.4500
Web:
Category: Bait-and-Switch

Expedite Ventures Stock Scamers Going To Jail Rochester New York

1Author 0Consumer 1Employee/Owner

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They are under investigation for wrong doings in the market. They have been contacted by the SEC for their part in the AETE and RUNU disaster. They also go by the aliases Expedite Holdings, Dealflo and Clearstock.

Their websites include: (((Redacted))) Rarely do they disclose their compensation.

The brokerage in Costa Rica, were they funneled ill gotten funds, recently had a few issues with the owners/management of the firm. The company is called Red Sea Management. (((Redacted)))

My research online yielded the following:
http://www.sec.gov/litigation/litreleases/2008/lr20712.htm - Owners of Red Sea management

(((Redacted)))

I will never pay them again. I would stay away if I were you.

Never again
Des Moines, Iowa
U.S.A.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 9/22/2008 12:26:35 PM and is a permanent record located here: http://www.ripoffreport.com/bait-and-switch/expedite-ventures/expedite-ventures-stock-scamer-7cy2a.htm. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:

1Author 0Consumer 1Employee/Owner

Updates & Rebuttals

#1 Employee

False Statements on RipOff Report

AUTHOR: Michael - Webster (U.S.A.)

SUBMITTED: Tuesday, September 30, 2008

This is anonymous, and, of course, incorrect. This was brought to my attention as it came from a competitor and not a customer. It is not uncommon for competitors, not doing business, to sling mud. We are used to it as the top IR firm in the country. However, in the interest of being professional, we offer the following formal rebuttal.

A copy of this document is available by fax or mail.

To Whom it May Concern:
In reference to your anonymous letter, we offer the following rebuttal.
1. Expedite Holdings, Inc is a subsidiary of Expedite Ventures, Inc. Dealflo Advisors and Clearstock , Inc. are unrelated non-affiliates, and to the best of my knowledge, dissolved corporations.
2. Expedite Holdings, Inc. and/or Expedite Ventures, Inc. have NEVER been contacted by the SEC for any wrongdoings.
3. Expedite Holdings, Inc. and/or Expedite Ventures, Inc. own and operate the following web sites, and ONLY the following websites.
a. www.expediteventures.com
b. www.aheadofthebulls.com
c. www.wallstreetgrapevine.com
d. www.otcwarriors.com
e. www.europicks.eu
f. www.straightupstocks.com
g. www.pamplonapicks.com
4. Neither Expedite Holdings, Inc. nor Expedite Ventures, Inc., nor Timothy Dougherty, have ever opened or possessed an account at Red Sea Management.

I hope that this helps to dispel anymore anonymous rumors regarding my company going forward. Obviously, there are a lot of competitors in this business with reason and intent to harm our successful company. Sadly, none have the testicular fortitude to sign their name to any of it.

Sincerely,
Timothy R Dougherty
President