- Report: #255607
Report - Rebuttal - Arbitrate
Complaint Review: Economic Advisors - James Rapholz
Economic Advisors - James Rapholz3910 N.E. 26th Avenue Lighthouse Point, Florida U.S.A.
Economic Advisors - James Rapholz FRAUDELENT INVESTMENT NEWSLETTER Lighthouse Point Florida
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His latest buy recommendation - ITLI (Intelligentias), is a pink sheet OTC traded company with ZERO revenues.
Rapholz's newsletter advertisement says the stock will soar to over $17, and to get details one must subscribe to Rapholz's Economic Advice newsletter for $149/year.
His advertisement for his subscription based newsletter is filled with LIES about ITLI, such as ITLI is "making money hand over fist in Europe"..pg 1; "the company continues to pile up profits (they operate with an impressive 70% profit margin)" - pg 5; " Net profits (the bottom line) in just the second quarter of this year is expected to leap 88% over the first quarter 2007 Net profits" - pg 9.
All the above statements by Jim Rapholz's ECONOMIC ADVICE solicitation for a subscription, when ITLI actually has has ZERO revenues, according to their latest May 15, 2007 SEC 10Q filing located here:
PLEASE SHUT THEM DOWN, AND ARREST JIM RAPHOLZ for violating fair trade practices and committing FRAUD.
He is advising subscribers who pay a hefty annual subscription, to throw their hard earned money away on a worthless ITLI stock.
He is nothing but a FRAUD.
He is PUMPING and DUMPING, and it is illegal.
This report was posted on Ripoff Report on 06/19/2007 09:26 PM and is a permanent record located here: http://www.ripoffreport.com/r/Economic-Advisors-James-Rapholz/Lighthouse-Point-Florida-33064/Economic-Advisors-James-Rapholz-FRAUDELENT-INVESTMENT-NEWSLETTER-Lighthouse-Point-Florid-255607. 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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