ED Magedson – Founder
American Independent Capital GroupBeijing, China Internet United States of America
I've been following this story for an article I am writing about Scams in China and found the following update that indicates this well-organized outfit is now waving the "Under New Management" banner on the internet and has deleted all references to fugitive owners Sam and Linda Arnold. But although the faces have changed, the scam remains the same...
"Only 30 minutes of surfing the net indicates that the "management" of AICG as featured at the below link are an assortment of convicted felons (rape, drug trafficking, theft, fraud, etc.) who apparently all sought sanctuary in China through the protection of marriage to Chinese wives which gave them permanent resident status and thus make them immune from deportation & extradition. First meet the characters with their photographs at this link:
Now see the following links to see their criminal histories in America:
George Ricketts (Chairman of the Board of AICG) Convicted of Drug Trafficking (see details in below link)
John Vickers (President of AICG) Convicted and sentenced to 48 months in prison for stolen U.S. Treasury checks (See the below link for details)
Homer Burks (Director of Business Development for AICG) Also convicted of raping his former American wife according to the below link:
And according to the below links, American Independent Capital Group is really owned and operated via the above proxies by one Samuel Neviel Arnold, aka "Sam Arnold" and "Sam Martin". and "Dr. Sam Arnold" who according to the following link is also a convicted felon and current U.S. fugitive for various frauds:
Although I have no personal experience or knowledge to relay, the below links are what I found on the internet. So I would strongly advise people to steer clear of these white collar hoodlums:(((REDACTED)))
Another post I found indicates that all the AICG officers are ex-English teachers of Dell English in Beijing (Recently bought out by Pearson Longman) and none of the individuals have any bonafide investment banking or finance experience. Personally I think their web site is a farce.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 11/01/2010 04:25 PM and is a permanent record located here: http://www.ripoffreport.com/r/American-Independent-Capital-Group/internet/American-Independent-Capital-Group-AICG-George-Ricketts-Homer-Burks-John-Vickers-Sam-A-657425. 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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