ED Magedson – Founder
World Wide Strategies69 dix highway New York, Select State/Province USA
World Wide Strategies World Wide Strategies, Peter Dunn, Investor Relation Marketing New York New York
PETER DUNNE AND WORLD WIDE STRATEGIES - SCAM SCAM SCAM SCAM
"The Securities and Exchange Commission ("Commission") announced today that on June 11, 2009, it filed a Complaint in the United States District Court for the Southern District of Florida against Aura Financial Services, Inc. (Aura), an Alabama corporation headquartered in Birmingham, Alabama, and six of its current and former registered representatives, Ronald E. Hardy, Jr. (Hardy), Peter C. Dunne (Dunne), Qais R. Bhavnagari (Bhavnagari), Dipin Malla (Malla), Sandeep Singh (Singh), and Raymond Rapaglia (Rapaglia).
The Complaint alleges that, from approximately October 2005 through at least April 2009, the Defendants used fraudulent sales practices to induce customers to open and fund Aura brokerage accounts. The Complaint also alleges that the Defendants rampantly "churned" these accounts of at least fifteen customers by causing numerous trades to be executed which enriched Defendants through brokerage commissions and, in some cases, mark-ups, while depleting the customers' balances through trading losses and excessive transaction costs. In addition, the Complaint alleges that many of the trades effected by Defendants were unauthorized by the customers. The Complaint alleges that during 2008, Defendants' churning generated total gross commissions of over $1 million, while the accounts of the fifteen customers suffered a combined loss of over $3.5 million."
U.S. SECURITIES AND EXCHANGE COMMISSION
Litigation Release No. 21081 / June 12, 2009
Peter Dunne is now President of World Wide Strategies.
Do not hire or do business with this highly unprofessional individual.
Peter Dunne's strategy is to con and dupe the clients.
Just look at this lawsuit from 2009 and there is a lot more where this came from.
If you come across or are the victim of an investment scam, the best thing to do is report it to the Security and Exchange Commission (SEC). They have online forms to contact them at their complaint site:www.sec.gov/complaint.shtml.
This report was posted on Ripoff Report on 07/30/2013 12:14 PM and is a permanent record located here: http://www.ripoffreport.com/r/World-Wide-Strategies/New-York-Select-StateProvince/World-Wide-Strategies-World-Wide-Strategies-Peter-Dunn-Investor-Relation-Marketing-New-1071390. 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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