ED Magedson – Founder
Firelanehttp://investorshub.advfn.com/boards/profilea.aspx Internet USA
Firelane Firelane - blogger alias Don't get scammed! Know how they raid your wallet! Internet
Almost every shareholder knows what is a pimp-and-dump scheme, but not a lot of you realize that quick money can be scamed out of your pockets by someone doing the exact opposite of a pimp-and-dump, for those of you who knwo what I'm reffering to, yes, I'm talking about bashers.
One extremely active on Ihub in perticular with an alias "Firelane".
Firelane is a paid bloger, making comments on various boards but mostly on IHub. the way this works is that someone pays a group of bashers to badmouth certain public companies thus bringing their share price down, then they buy low, stop spreading malicious rumors and when the company gets back up on it's feet they sell high makin a proffit.
This is extremely illegal and is considered as organised criminal activity.
Do your own research before investing or to be more precise desciding not to invest or desciding to sell. Do not base your descisions on false accusations and hear-say "facts"
That's exactly how they take money out of your wallet if you happen to be a shareholder at a company they target.
"Firelane" is by far one of the most active bashers on Ihub (website well know amongst investors)
Here's an exapmle:
"yeah wonderful LMFAO, this is clearly a criminal operation being run from toronto"
Badmouthing a company which is making big progres after a long time, the criminals see the opportunity and are aware of the fact that demand for this stock is going up and they are bashing the price down so they can sell at a proffit, do not be fooled, rely on facts and company fillings not on idiotic criminal accusations!
This report was posted on Ripoff Report on 07/16/2013 11:13 AM and is a permanent record located here: http://www.ripoffreport.com/r/Firelane-/internet/Firelane-Firelane-blogger-alias-Dont-get-scammed-Know-how-they-raid-your-wallet-Inte-1067446. 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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