ED Magedson – Founder
Elephant Talk Communications CorpInternet Belgium
Elephant Talk Communications Corp FRAUD amsterdam Internet
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.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.