ED Magedson – Founder
Dale S. Pearlman2224 Newport Blvd. Suite A Newport Beach, California USA
Dale S. Pearlman Christopher J. BongiornoBrian KingsfieldGlobal Monetary CorporationProject 111Pacific Monetary Trading Corporation Securities Fraud, Pump and Dump scams, investment fraud, embezzlement. Newport Beach California
I don't like to call them business men because they are not. They pretend to be business men and all they are trying to do is sell you worthless stock. There are many tools in their arsenal.
They contact prospects using cold calling via call list they purchase. Once they have your information they pitch the company as an investment. Most of the schemes are just pump and dump schemes, but they will also do private placement selling of company stock they simply create.
They create companies for the purpose of raising investment capital, the money they collect from investors is used by them to pay for expensive travel and cars. They will simply take the money out of the accounts and tell the investors the company simply ran out of funds.
They will tell the prospective investors anything they believe will get them to invest. They have been doing this now for years and there are literally dozens of victims all across the country. They use the money from these scams to support their drug abuse, gambling habits and expense taste.
Victims rarely come forward because they keep the victims dependent on their promise to repay so the investor believes it serves their interests to keep them out of trouble. The investors rarely ever get repaid. Finally the investors simply give up in frustration. Meanwhile they have moved on to the next scam.
Now, in reading this you may not believe it is all true. That's fine but keep this in mind. If they are not running scams or frauds, you will have to believe then that they are either the most incompetent business people on the planet or they have the worst luck with other peoples money. In any case they always manage to come out fincially better, so you do the math.
This report was posted on Ripoff Report on 03/24/2014 06:12 PM and is a permanent record located here: http://www.ripoffreport.com/reports/dale-s-pearlman/newport-beach-california-92663/dale-s-pearlman-christopher-j-bongiornobrian-kingsfieldglobal-monetary-corporationproje-1133327. 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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