Atlantic Capital Holdings Group ponzi, scam, rip-off Ft. Lauderdale, Florida

I received a call from Mr. Pearlman of Atlantic Capital Holdings Group in June of 2009.  He claimed to be a broker with an investment opportunity with TEMN.  He claimed that this stock had the opportunity to increase by x10 + by end of the year.  I had my doubts but decided to try him out.  He wanted me to invest $25,000.  I told him I didn't have that much money, but he was persistent and wanted me to invest at least $2,500 to show what he can do.  So I invested $2,500 that I had saved for my IRA.  Needless to say TEMN sank like the Titanic.  It devalued itself by 90% from the purchase date.  But like a pathetic fool I am, I waited for the possibility of rebound.

My suspicions grew more and more when I didn't receive any statements or reports of my investments.  In January of 2010, I called several times to get in touch with Mr. Pearlman.  It took 2 weeks to even talk to him.  His excuse was that he didn't know and will request Equity Trust to send another statement out.  I didn't receive anything so I called back and talked to his co-worker, Mr. Anderson.  I told him of the situation and asked him for the number to Equity Trust so I can retreive the information myself.  Equity Trust did not have any information on me whatsoever.  When I called back, the secretary (Barbara) told me that Mr. Anderson talked to Equity Trust and requested the statement and should receive it soon.  Same story.

Last week I called the office.  I got a nice friendly message.  "The number you have called has temporarily been disconnected....."  Today, "The toll free number you have called IS disconnected...."  What a fool I was.  I don't know how many people they scammed.  I hope they get what they deserve.  They probably won't use this name again, but beware.  I remember Pearlman saying that they were changing their name to "Elite Global Trading".  Rock Holdings come to mind also...  Don't trust these guys at all.