Report: #60747

Complaint Review: Laissez Faire City; James Ray Houston

  • Submitted: Sun, June 15, 2003
  • Updated: Sun, June 15, 2003
  • Reported By: Dallas Texas
  • Laissez Faire City; James Ray Houston

Laissez Faire City And James Ray Houston ripoff offshore libertarian Ayn Rand security encryption privacy DMT scam Internet

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Laissez Faire City International Trust was run by a man named James Ray Houston. I did not know that was his name or I never would have gotten involved, because he is a big time scam artist from Las Vegas who ripped off many people there.

He asked "Sovereign " individuals to send 6 thousand dollars per "Founder "position to someone code named Nemesis in Amsterdam. I did not do this, as I thought it had to be a joke, no one would be that stupid. I was wrong. Many people did send the money to this Nemesis, who turned out to Mr. James Ray Houston's BROTHER!
But I could be a beta tester and I signed up to do that.

There was a book by Ayn Rand called "Atlas Shrugged" that you had to read. I found a copy in a trash dumpster at my apartment house, pinky swear! there are witnesses, so I read the book and it almost caused brain damage it was so bad. Not just all the more retarded parts of libertarian cult crap but really bad writing too. That book got kinda ragged from me throwing it against the wall but I was determined to get through it and I did.

I thought it was a GAME, I was new to the internet and signed up for a lot of stuff then, I have the spam to prove it. It was play money with this online ATM and Stock Market and all sorts of things I did not understand.
There was a lot of talk in a forum they had but my GOD it was all so boring.They would cut and paste long rants against the Federal Government and about something called Fractional reserve Banking-I paid very little attention due to extreme boredom.

You have to understand that I thought it was a GAME, I never in my wildest dreams believed it was real. So one night, I sent an email to this head honcho asking some really dumb question about the pretend stock market and BOOM , there was 5 thousand dollars in my account!! I thought it was play money and I played with it.

I made over 4 thousand dollars that night (don't ask me how, he said I beat the system by using his own rules against him) and paid the guy back his play money and asked for my play money, I thought I would get some nifty printed thing with my high score on it.
HE SENT ME REAL MONEY! I was curled in a fetal position for two days and my heart is not right yet!!

It was ALL REAL, this whole time, people(stupid people, obviously) were actually sending money to this guy in Amsterdam and even more to this James Ray Houston in his fake "Consulate" and then he ran off with all the money he took from them. Turns out that he and all these special computer programmers he hired were partying at whorehouses and casinos and doing cocaine and he claimed the SEC was after him and made this run for the border with all the loot.

I did not think that the SEC gives a darn how badly tourists behave in Costa Rica, and I never believed that. But all the libertarians who got ripped off, some of them for like the 3rd or 4th time in this type of deal, I feel bad for them and do not want it to happen again.

These are the names I know, James Ray Houston.
J.Orlin Grabbe, he has a website and got half of the founders money. Some kind of digital money thing called DMT. He is supposed to be some kind of money genius but I doubt it if he hangs with scammers.
Ian Fraser, he got paid to bring suckers in.
He is inolved with a lot of these type things.
Oh and the ex KBG General,Mikhail Larguine, he was the Trustee for this scam. Turns out he was always in the employ of this James Ray Houston and embezzling too!

I hope a good reporter or the SEC, if they care, or someone can find these awful people and stop them from ever doing this again.
Thank you for taking the time to read this.

Dallas, Texas
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This report was posted on Ripoff Report on 06/15/2003 02:37 PM and is a permanent record located here: 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

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