• Report: #1055142
Complaint Review:

Elephant Talk Communications Corp

  • Submitted: Thu, May 30, 2013
  • Updated: Thu, May 30, 2013

  • Reported By: joseph — new your New York
Elephant Talk Communications Corp
Internet Belgium

Elephant Talk Communications Corp FRAUD amsterdam Internet

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a REAL rip-off. overpriced. no substance. a total ponzi. 90%+ of revenues are selling telephone pay cards which typically have a gross margin of 1-3% and thus impossible to make money.  self-serving to insiders and executives who pump stock, then sell and leave public with real loses. company always saying that they will make a profit and never do. vander veldon never has run a public company or any other and his continual loses prove that in elephant talk. SEC should investigate and seems reluctant. WHY? more should right SEC and a shareholder class action suit should be filed.

This report was posted on Ripoff Report on 05/30/2013 04:03 PM and is a permanent record located here: http://www.ripoffreport.com/reports/elephant-talk-communications-corp/internet/elephant-talk-communications-corp-fraud-amsterdam-internet-1055142. 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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